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USDJPY dropped to its lowest level in 8½ months on Wednesday, reaching 140.70, after testing critical support at 141.68 (low from August 5). The subsequent rebound, driven by oversold conditions on the daily chart, was supported by…
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Gold prices rose for the third consecutive day on Wednesday morning, approaching a new all-time high. Investors are awaiting the release of the US August CPI report to gain clarity before next week's Federal Reserve policy meeting. If…
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China's trade data for August paints a mixed picture, with strong export growth sharply contrasted by disappointing import performance. Exports surged 8.7% year-on-year, the fastest in nearly 18 months, as manufacturers likely ramped up…
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EURUSD is pressing against the key support level at 1.1040 (38.2% Fibonacci retracement of the 1.0781/1.1200 bullish move), after multiple recent attempts to break below this level. Tuesday’s trading remains confined to a narrow range…
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The dollar index climbed on Monday as market sentiment shifted in favor of a less aggressive 25 basis point Fed rate cut, following mixed US labor data that indicated a controlled slowdown in the labor market. While the dollar gained…
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Oil prices ticked up slightly on Monday, holding within a narrow consolidation range after Friday's 1.8% drop, triggered by disappointing US jobs data. The modest rise in early Monday trading was attributed to partial profit-taking and…
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Gold starts the week on a weaker note following Friday's 0.8% drop, closing below the $2500 mark. The decline was driven by Friday's US labor data, which showed lower-than-expected job growth, but a surprising drop in the unemployment rate…
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Today’s NFP report, the most crucial of several US labor sector releases this week, revealed that nonfarm payrolls increased by 142,000 jobs in August, below the expected 164,000 rise and following a downward revision of July’s figure from…
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German industrial production dropped by 2.4% in July, following an upwardly revised 1.7% increase in June, far exceeding the expected 0.4% decline and tempering hopes for economic recovery. The data, released on Friday, dampened optimism…
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BTC/USD is hovering near a one-month low early Friday, marking its fourth consecutive day in the red and heading for a second weekly loss. Signs of a potential reversal pattern are emerging on the weekly chart, with a series of lower…
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