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Gold continues to rise, reaching new record highs on Monday morning. The recent close above the psychological $2700 barrier has generated a fresh positive signal, reinforcing a bullish outlook. The yellow metal is benefiting from…
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USDJPY gained momentum in early Monday trading but remains within its recent range, awaiting a stronger directional signal. The short-term outlook is expected to stay bullish as long as the price holds above the rising daily Tenkan-sen…
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Gold broke through the psychological $2700 barrier on Friday morning, reaching a new historical high. The price continues to be supported by looser monetary policies and increasing concerns surrounding the upcoming U.S. election.…
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The European Central Bank (ECB) implemented its third interest rate cut of the year on Thursday, lowering the deposit rate by 25 basis points to 3.25%. This marks the first consecutive rate cut in 13 years, signaling a notable shift in the…
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The U.S. dollar continues its upward momentum against a basket of major currencies, reaching its highest level since early August during Thursday’s European session. Key factors driving the dollar's strength include the possibility of a…
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The euro slid to its lowest point in 2 ½ months during early European trading on Thursday, marking its fourth consecutive day in the red as part of a broader three-week downtrend. Markets are focused on the European Central Bank's (ECB)…
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AUDUSD has faced increasing pressure over the past few sessions, with a fresh decline on Wednesday driving the price to a one-month low of 0.6668. The break below the 100-day moving average (0.6693) and the penetration of the thick,…
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Gold prices approached just below the record high of $2,685 during European trading on Wednesday, marking a fresh extension of the bull run from the $2,602 low on Oct 10, which had followed a corrective pullback from the same $2,685 peak.…
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Cable accelerated lower, breaking through the key psychological 1.30 support level, hitting its lowest point in nearly two months early Wednesday. Sterling dropped 0.8% in response to UK inflation data, which showed a…
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The latest UK inflation data, showing a sharp decline in both headline and core inflation, is fueling expectations of potential interest rate cuts by the Bank of England (BoE). Annual consumer price inflation fell to 1.7% in September, down…
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