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Gold surged on Thursday, gaining around 0.85% and recovering most of its recent pullback from the new all-time high of $2531. The decline found strong support at the $2470 level, where a higher base is forming. The precious metal remains…
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USD/JPY continues to trend lower, hitting a fresh one-month low on Thursday, driven by expectations of a Federal Reserve rate cut and the diverging policies between the Fed and the Bank of Japan (BoJ). While the Fed is moving toward its…
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The latest data on U.S. job openings reveals a notable slowdown in the labor market, with openings falling to 7.673 million in July, the lowest level in three and a half years. This decline, coupled with a downward revision of…
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Gold prices continued to decline on Wednesday, following the loss of the key psychological support level at $2,500, signaling the potential for a deeper pullback. The drop below the 20-day moving average (DMA) at $2,489…
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Oil prices continued to decline on Wednesday, falling below the key psychological level of $70 after a 5% drop on Tuesday. The WTI contract hit a new low for 2024, fueled by mounting concerns over global oil demand, exacerbated by Tuesday’s…
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The U.S. manufacturing sector showed slight improvement in August, with the Institute for Supply Management (ISM) manufacturing PMI rising to 47.2, up from July’s eight-month low of 46.8. However, the PMI remains below the critical 50…
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AUDUSD dropped to a one-week low on Tuesday, sliding 1% by the early U.S. session. The decline was driven by a fall in iron ore prices and an unexpected widening of Australia’s current account deficit. Meanwhile, slightly…
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The dollar index pulled back from a new two-week high on Monday, following a strong three-day recovery rally that began showing signs of fatigue. The repeated failure to break above the 101.72 barrier (50% retracement of the 103.06 to…
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GBPJPY climbed to a one-month high on Monday, signaling an initial bullish continuation after breaking above the top of a month-long range at 192.16, which is reinforced by the 200DMA. A decisive break above this level would…
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Oil prices continued to decline in early Monday trading, extending Friday's 3% drop, which marked the biggest daily loss since August 14. The sentiment has further weakened due to renewed concerns about demand from the U.S. and China,…
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