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Gold prices edged lower during European trading on Tuesday as bulls took a breather after a strong three-day rally that pushed the metal to a new record high. Overbought conditions on the daily charts contributed to some profit-taking,…
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EUR/USD rises for the third consecutive day, driven by a weaker dollar amid speculation about the scale of the Fed's rate cut expected on Wednesday. The recovery, originating from a higher base formed after a double rejection just above…
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USD/JPY dropped to its lowest level since July 2023 in early Monday trading, as a fresh downward move broke key support levels at 140.77 (the weekly cloud base) and 140.48/25 (the 61.8% Fibonacci retracement of the 127.22/161.95 rally and…
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Gold continued its upward trend on Friday, reaching new all-time highs and leading the market for the second consecutive day. It is set for a weekly gain of around 3.3%. The latest surge was driven by the near certainty of a Fed rate cut…
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A shift in sentiment pushed the dollar index to its lowest level of the week during European trading on Friday, following a weekly high on Thursday afternoon. This movement came ahead of US economic data that weakened the dollar. Recent…
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USDJPY remains firmly in the red, breaking through the crucial Fibonacci level at 140.48 (61.8% retracement of 127.22/161.95) and the upper boundary of the 140.48/00 key support zone. This decline has overshadowed the positive signal from…
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The European Central Bank (ECB) reduced interest rates by 25 basis points to 3.50%, in a widely anticipated move. This marks the second rate cut since June, signaling the ECB’s entry into an easing cycle. However, the central bank offered…
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EURUSD remained steady early Thursday as traders held back in anticipation of the European Central Bank's key policy decision later in the day. The central bank is widely expected to lower rates by 25 basis points to 3.5%, following…
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Cable dropped sharply after Wednesday’s US inflation data, reaching its lowest point in three weeks and breaching the key psychological support level at 1.30. While the inflation data broadly met expectations, core CPI data indicated…
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U.S. consumer prices rose by 0.2% month-over-month in August, matching July’s figure and aligning with expectations. On an annual basis, the CPI increased by 2.5%, the smallest rise since February 2021, down from the 2.9% recorded in July.…
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