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Gold remains on the back foot, staying in the red for the second consecutive day, pressured by a stronger dollar and a reduction in U.S. political uncertainty, which had recently driven safe-haven demand. Additionally, expectations of…
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Bitcoin maintains a strong momentum, reaching a new record high above 82K early Monday, following a nearly 5% gain the previous day after breaking the psychological 80K level. The rally was further fueled by euphoria surrounding Trump's…
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USDJPY regained momentum, bouncing from 152.14, which marked the low of a two-day pullback from multi-week highs. This recovery offsets the bearish signal from the recent bull-trap on the weekly chart, where prices failed to close above the…
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EUR/USD weakened on Friday as recovery attempts from a fresh multi-month low of 1.0682, reached after Wednesday's 1.7% post-election drop (the biggest daily loss since March 19, 2020), failed to break through the daily Tenkan-sen at 1.0809.…
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The Bank of England cut interest rates by 25 basis points, lowering them from 5% to 4.75% after an 8-1 vote by the Monetary Policy Committee. This marks the BoE's second rate cut since 2020, and the central bank is expected to proceed…
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The dollar index pulls back from a new four-month high of 105.33 reached on Wednesday’s sharp rally—the largest daily gain in two years—following news of Trump’s election victory. Partial profit-taking has pushed the dollar lower, but…
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GBPUSD edges higher following Wednesday’s 1.1% drop after the US election, signaling an initial recovery as bears face repeated rejection of further downside. The failure to break the Fibonacci support at 1.2846 (76.4% of 1.2664/1.3434)…
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The US Federal Reserve is expected to cut interest rates by 25 basis points to a range of 4.50%-4.75% at the conclusion of its two-day policy meeting today. While markets still anticipate another rate cut in December, initial…
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Bitcoin led gains in post-election trading on Wednesday, surging 9% in direct response to Trump’s victory. The strong rally pushed prices to a new record high of 75,411 before some profit-taking pulled the price back to 72,700, the lower…
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Republican Donald Trump declared victory in the 2024 presidential election, with projections indicating that Republicans will also regain control of the Senate. Trump expressed his gratitude to the American people for the "extraordinary…
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