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Gold regained momentum on Friday, recovering nearly half of Thursday’s 1.1% decline that had breached and closed below the psychological $2500 level. Support around the previous range’s top at the $2480 zone held firm, containing…
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The dollar index edged higher in early European trading on Thursday, rebounding from its lowest level since December 23, which was reached following the release of the FOMC's July policy meeting minutes. The minutes revealed that US…
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The Federal Reserve is signaling a likely interest rate cut in September, as revealed in the minutes from the July 30-31 Federal Open Market Committee (FOMC) meeting. Although the Fed kept its benchmark rate unchanged at 5.25%-5.50%, the…
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EUR/USD momentum has slowed after a steep three-day rally that hit a new 2024 high at 1.1132, just shy of December 2023’s peak at 1.1139. The euro continues to benefit from risk appetite and a weaker dollar driven by Fed rate cut…
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Bears are pausing after a sharp three-day decline, during which oil prices dropped 5%, driven by easing tensions in the Middle East and a rise in U.S. crude inventories (as per the API report). Oversold daily indicators and…
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Gold remains strong, consolidating just below its new record high of $2,531 set on Tuesday, with a third consecutive daily close above the $2,500 mark, signaling a potential breakout. The metal continues its steep multi-month uptrend,…
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GBP/USD broke above the psychological 1.30 level on Tuesday, marking its first push beyond this barrier since July 17/18. The rally from the August 8 low of 1.2664—where the rising daily cloud halted the previous downtrend and triggered…
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The dollar index dropped to a new multi-month low on Tuesday, continuing its steep decline for the third consecutive day. Short-term sentiment remains bearish amid renewed risk appetite, as markets have fully priced in a 25 basis point…
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EUR/USD reached a new 2024 high of 1.1088 on Tuesday, but signs of fatigue are emerging among bulls following a strong rally over the past two days. Fundamentals remain supportive, with the Eurozone’s trade surplus widening…
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China’s decision to keep its benchmark lending rates unchanged in August aligns with market expectations and highlights the challenges facing the country's banking sector. The one-year Loan Prime Rate (LPR) remains at 3.35%, while the…
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