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EUR/USD continues to trade firmly lower on Friday, hovering near its lowest levels in almost a month. Bears are targeting the critical 1.10 support zone, which includes the psychological level, the September 11 higher low, and the 38.2%…
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The British pound extended its losses on Thursday, dropping over 1% in the session as pressure mounted following dovish remarks from Bank of England Governor Andrew Bailey. Bailey hinted at the possibility of more aggressive rate cuts,…
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Key Takeaways - The 2024 US Presidential Election is expected to have a substantial impact on various markets, including stocks, commodities, cryptocurrencies, and the US dollar. - A Trump victory could boost US stocks and…
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Oil prices extended their strong rally into a second consecutive day, rising 1.6% during the European session on Wednesday after a 3.45% surge on Tuesday—marking the biggest daily gain since August 12. The price jump was driven by…
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The dollar held firm against a basket of major currencies early Wednesday, bolstered by safe-haven demand amid the latest escalation in the Middle East. The greenback’s two-day rebound from the strong 100 support zone pushed it to a…
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Eurozone inflation fell to 1.8% in September, down from 2.2% in August, beating expectations of a 1.9% rise. The drop was mainly driven by lower energy costs and stable goods prices. This marks the first time in three years that inflation…
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Goldman Sachs on Monday increased its gold price forecast for early 2025 to $2,900 per troy ounce (toz), up from its previous estimate of $2,700/toz, citing two key factors driving the upward revision. First, the investment bank expects…
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Oil prices dropped by over 2% on Tuesday as expectations of increased supply and weak global demand growth overshadowed concerns about escalating conflict in the Middle East and its potential impact on crude exports from the region.…
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USD/JPY surged to a three-week high of 146.49 on Friday before dropping sharply by over three figures, driven by speculation that Japan's new prime minister might support further Bank of Japan tightening. This was perceived as a potential…
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Gold prices eased on Friday after hitting a new record high on Thursday, with end-of-week profit-taking driving the pullback. So far, the dip has been shallow, with a stronger decline unlikely as the market consolidates and positions for…
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