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WTI Oil – Bearish Momentum Stalls Above Daily Ichimoku Cloud

English Analysis Jun 25, 2025

WTI crude edged higher in early Wednesday trading as bears took a breather following a steep two-day decline of roughly 16%. The sell-off found a temporary floor near the $64.00 area—aligned with the 61.8% Fibonacci retracement of the…
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Technical Outlook

Gold prices tumble on ceasefire talks, following a subdued response to recent conflict escalation…

English Analysis Jun 24, 2025

Gold dropped to a two-week low on Tuesday, as the metal continued to show only a muted safe-haven response despite escalating tensions in the Middle East. The initial uptick following U.S. involvement on Israel's side in the Israel-Iran…
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Technical Outlook

Gold – remains largely unchanged despite escalating geopolitical tensions

English Analysis Jun 23, 2025

Gold edged lower on Monday after opening the week with a sharp $20 gap higher, driven by escalating concerns that conflict in the Middle East could spiral out of control following a U.S. strike on Iran over the weekend. The initial rally…
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Technical Outlook

WTI crude oil – short-term sentiment has eased following a gap-up opening and a surge to a new…

English Analysis Jun 23, 2025

WTI crude oil retreated swiftly from a fresh six-month high of $77.88, reached after Monday’s gap-higher opening, indicating that traders remain relatively unconcerned about mounting risks of major supply disruptions. Despite the pullback,…
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Economy

UK retail sales post steep decline in May

English Analysis Jun 20, 2025

UK retail sales plunged in May, recording the steepest monthly decline in 18 months, as consumer demand softened following a strong April driven by spending on food, summer clothing, and home improvement. Sales dropped by 2.7% on the…
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Technical Outlook

Gold extends its decline, pressured by a hawkish Fed stance and a slightly calmer tone in Middle…

English Analysis Jun 20, 2025

Gold slipped below key support at \$3374 on Friday (23.6% Fibonacci retracement of the \$3120–\$3452 rally and rising trendline from the \$3120 low), pressured by a more subdued tone from the Middle East. President Trump’s decision to…
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Central Banks

The Bank of England holds interest rates steady in June

English Analysis Jun 19, 2025

The Bank of England (BoE) held its benchmark interest rate at 4.25% during its June policy meeting, in line with market expectations. The central bank emphasized it is closely monitoring risks tied to a weakening labor market and rising…
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Technical Outlook

Gold slipped below key support in post-Fed trading but lacked momentum to confirm a decisive…

English Analysis Jun 19, 2025

Gold edged lower on Thursday after testing key support levels at \$3374 and \$3365 (23.6% Fibonacci retracement of the \$3120–\$3452 rally, trendline support, and the 10-day moving average). Near-term sentiment softened in the wake of…
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Central Banks

The Fed leaves interest rates unchanged, maintaining a cautious stance amid growing economic and…

English Analysis Jun 19, 2025

The Federal Reserve held its benchmark interest rate steady on Wednesday, as widely anticipated. While officials reaffirmed expectations for rate cuts later this year, they signaled a slower pace due to elevated inflation risks and…
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Technical Outlook

The dollar maintains a firm tone ahead of the Federal Reserve’s policy decision

English Analysis Jun 18, 2025

The dollar index remained steady, trading in a narrow range after three consecutive days of gains, as investors awaited the Federal Reserve’s policy announcement. Safe-haven flows supported the greenback amid renewed tensions in the…
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Central Banks

The Fed is expected to hold interest rates steady as escalating geopolitical tensions and signs of a…

English Analysis Jun 18, 2025

The Federal Reserve is widely expected to leave interest rates unchanged at its June policy meeting, as officials weigh growing concerns about a slowing economy against the risk of rising inflation, fueled by recent U.S. import tariffs and…
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Economy

UK inflation eased in May, but the Bank of England remains focused on risks from rising energy costs

English Analysis Jun 18, 2025

UK inflation rose by 3.4% year-on-year in May, slightly down from April’s 3.5% but above forecasts for a 3.3% increase. Core CPI, which excludes volatile food and energy prices, eased to 3.5% from 3.8% in April, matching expectations.…
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Technical Outlook

Cable – Pullback Stabilizes at Key Support Levels Ahead of Fed and BOE Rate Decisions

English Analysis Jun 18, 2025

Cable rebounded from a fresh three-week low at 1.3415, which followed a sharp 1.2% drop on Tuesday triggered by weaker-than-expected UK inflation data for May. A softer U.S. dollar also supported the recovery on Wednesday, as markets turned…
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Economy

U.S. Retail Sales Disappoint in May, Highlighting Broader Economic Uncertainty

English Analysis Jun 17, 2025

Retail sales in the U.S. declined more than anticipated in May, dropping 0.9% following a downwardly revised 0.1% dip in April, according to data from the Commerce Department’s Census Bureau. The decline exceeded market expectations for a…
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Technical Outlook

Oil prices drop sharply as the absence of immediate threats to global supply weakens bullish…

English Analysis Jun 16, 2025

WTI oil prices fell over 6% by early U.S. trading on Monday, as traders took profits following last week’s nearly 13% rally. The prior surge was driven by easing U.S.–China trade tensions, which boosted hopes for stronger global growth…
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Technical Outlook

Gold could break above \$3500 if geopolitical tensions intensify further

English Analysis Jun 13, 2025

Gold surged to a seven-week high at \$3444 overnight after Israel’s attack on Iran intensified geopolitical tensions, triggering strong safe-haven demand and a rapid price jump. The break above the \$3400 area—previously a strong…
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Technical Outlook

Dollar Index – Bears Maintain Control, Pressuring Key Support Levels

English Analysis Jun 12, 2025

The dollar index extends losses for a second straight day, weighed down by growing expectations of Fed rate cuts—fueled by softer-than-expected May inflation—and ongoing uncertainty surrounding trade tariffs. Thursday’s renewed selloff…
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Technical Outlook

Gold gains on heightened geopolitical tensions and growing expectations of a Fed rate cut

English Analysis Jun 12, 2025

Gold reached a one-week high early Thursday, building on Wednesday’s nearly 1% surge, driven by softer-than-expected U.S. inflation data that weakened the dollar and reinforced expectations for Federal Reserve rate cuts. Rising…
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Technical Outlook

WTI crude hits a fresh multi-week high amid rising optimism over U.S.–China trade negotiations

English Analysis Jun 10, 2025

Oil prices continue to rise, supported by growing optimism over a potential U.S.–China trade agreement that could ease geopolitical tensions, support global economic growth, and strengthen oil demand. WTI crude climbed to its highest level…
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Technical Outlook

Near-term action is awaiting directional signals from a break of either boundary of the daily…

English Analysis Jun 10, 2025

USD/JPY continues to trade within the daily Ichimoku cloud (144.43–145.59), and remains confined between the Tenkan-sen and Kijun-sen lines, with the Kijun-sen (145.38) acting as a cap on today’s price action. The near-term technical…
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Technical Outlook

Gold Trades Cautiously Ahead of Key U.S. Jobs Report

English Analysis Jun 6, 2025

Gold is trading within a narrow range during Friday’s European session, maintaining a constructive tone despite Thursday’s sharp rejection at the pivotal $3400 level and a daily close in the red. The near-term price action remains centered…
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Economy

U.S. Private Payroll Growth Slows Sharply in May – ADP

English Analysis Jun 4, 2025

Hiring in the U.S. private sector slowed significantly in May, with only 37,000 new jobs added—well below the consensus estimate of 111,000 and down from April’s downwardly revised figure of 60,000 (previously 62,000). This marks the…
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Technical Outlook

GOLD – Bullish Bias Persists Above Broken Triangle’s Upper Boundary

English Analysis Jun 4, 2025

Gold prices traded within a narrow range on Wednesday, maintaining a bullish bias following a shallow corrective dip on Tuesday. The broken Fibonacci level at $3,355 (61.8% retracement of the $3,200–$3,120 pullback) has now turned into a…
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Economy

Eurozone Inflation Slows More Than Expected in May

English Analysis Jun 3, 2025

Inflation in the Eurozone eased to 1.9% in May, down from 2.2% in April and below the consensus forecast of 2.0%. The slowdown was driven by a drop in energy prices and a marked decline in services inflation. Core inflation—which excludes…
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Technical Outlook

Oil Prices Climb Nearly 4%, Key Resistance Levels Come Under Pressure

English Analysis Jun 2, 2025

WTI oil prices surged by approximately 3.7% on Monday, reaching their highest level in nearly two weeks and heading for the largest daily gain since April 9. The latest rally broke into the daily Ichimoku cloud (ranging from \$62.83 to…
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Technical Outlook

Gold Prices Surge Amid Renewed Tariff Concerns and Geopolitical Tensions

English Analysis Jun 2, 2025

Gold prices jumped sharply in early Monday trading, opening with a gap higher as markets reacted to the intensifying war in Ukraine, fresh threats from former President Trump to double tariffs on steel and aluminum imports, and the victory…
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Technical Outlook

GBP/USD – Initial Support Levels Temporarily Halt the Pullback

English Analysis May 28, 2025

Cable remains under pressure on Wednesday following Tuesday’s pullback from a new multi-month high of 1.3593, which briefly breached the key psychological support at 1.3500. The pair dipped to 1.3461 early today but quickly rebounded…
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Technical Outlook

USD/JPY – Breakthrough of 4-Hour and Daily Ichimoku Cloud Bases Signals Potential for Deeper Short…

English Analysis May 27, 2025

A strong rebound on Tuesday is signaling an initial trend reversal on the daily chart and suggests the potential for a deeper short squeeze. The pair is poised to challenge the recent downtrend, especially if it secures a daily close above…
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Technical Outlook

Gold slips as dollar firms, though broader bullish trend likely to hold

English Analysis May 27, 2025

Gold prices slipped on Tuesday morning as the dollar strengthened broadly. Fresh pressure followed a double rejection at the key Fibonacci resistance at \$3355 (61.8% of the \$3500–\$3120 drop), with an overbought stochastic adding to the…
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Technical Outlook

Kiwi dollar tests 0.60 pivot once more and reaches new 2025 high

English Analysis May 26, 2025

NZDUSD surged to a new 2025 high on Monday, extending Friday’s 1.9% rally, fueled by fresh US tariff threats on Apple and the European Union, followed by a policy U-turn with the EU that weakened the US dollar and boosted risk appetite.…
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Technical Outlook

EURUSD jumped to a one-month high following new developments in the ongoing US-EU tariff saga

English Analysis May 26, 2025

EURUSD climbed to a one-month high on Monday, lifted by the latest twist in the US-EU tariff dispute. Markets reacted positively after President Trump unexpectedly postponed the implementation of 50% tariffs on all EU imports—from an…
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Technical Outlook

USDJPY pressured by renewed tariff threats and stronger-than-expected Japanese inflation data

English Analysis May 23, 2025

USDJPY extended its decline on Friday, weighed by President Trump’s renewed threat of a 25% tariff on Apple phones produced overseas and stronger-than-expected Japanese inflation in April, which raised doubts about the Bank of Japan’s…
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Technical Outlook

GBPUSD Breaks Above 1.3500 to Hit Multi-Month High on Strong UK Economic Data

English Analysis May 23, 2025

Cable rose 0.5% on Friday morning and broke above the psychological 1.3500 level, reaching its highest point since February 2022. The latest advance was driven by stronger-than-expected UK retail sales in April, which lifted risk…
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Economy

Eurozone Business Activity Shrinks in May – PMI Data Shows

English Analysis May 22, 2025

Preliminary PMI surveys for May revealed that business activity in the eurozone unexpectedly fell back into contraction territory, raising concerns about the region’s economic momentum. The services sector, which dominates the bloc’s…
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Technical Outlook

Bitcoin Surges to New All-Time High Above \$110K

English Analysis May 22, 2025

Bitcoin surged past its previous all-time high and the key psychological barrier at $110K on Thursday, reaching a new record just below $112K. The rally was fueled by renewed optimism around potential progress in crypto regulation, which…
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Technical Outlook

Cable Pulls Back from 3-Year High but Maintains Bullish Tone After Hot UK Inflation Print

English Analysis May 21, 2025

GBP/USD eased towards the 1.3400 area on Wednesday after a strong rally driven by hotter-than-expected UK inflation data briefly pushed the pair above the 2024 and 2025 highs (1.3434/1.3444), hitting a fresh three-year peak at 1.3468.…
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Technical Outlook

GOLD – Bulls Reclaim Control, Hold Firm Above \$3300

English Analysis May 21, 2025

Gold maintains a firm tone and attempts to solidify its position above the $3300 level, following a rally that lifted the price to a one-week high on Wednesday morning—extending Thursday’s strong 1.8% surge. Renewed safe-haven demand has…
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Technical Outlook

AUDUSD slips after RBA rate cut but holds within established trading range

English Analysis May 20, 2025

AUDUSD edged lower on Tuesday following the Reserve Bank of Australia’s widely anticipated 25 basis point rate cut. The decline erased Monday’s gains and pushed the pair toward the lower end of the 0.6350–0.6500 consolidation range, as…
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Central Banks

The Reserve Bank of Australia lowered its benchmark interest rate by 25 basis points and signaled…

English Analysis May 20, 2025

The Reserve Bank of Australia lowered its cash rate by 25 basis points to 3.85% from 4.10% during its May policy meeting, aligning with market expectations. Policymakers justified the move by pointing to easing inflation and reduced…
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Technical Outlook

BTCUSD experiences a sharp decline but is expected to maintain its overall bullish structure as long…

English Analysis May 19, 2025

BTCUSD experienced a sharp decline on Monday, dropping 5K in a swift pullback from the session's spike high around the 107K zone. The negative reaction followed the US credit rating downgrade, pushing Bitcoin towards the lower end of its…
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Technical Outlook

USDJPY – Bears Maintain Control, Targeting Key Support

English Analysis May 19, 2025

USDJPY extends its decline for the fifth consecutive session, pressured by a double rejection at the 148.49 Fibo barrier (76.4% of the 151.15/139.88 decline) and a bull-trap formation, which triggered a shift in direction. The drop is…
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Technical Outlook

GBPUSD – Renewed bullish momentum sets the stage for a potential retest of key resistance at…

English Analysis May 19, 2025

GBPUSD surged nearly 100 pips on Monday morning, driven by a weaker dollar following the unexpected US credit rating downgrade and the recent EU/UK defense agreement. The fresh advance is challenging the three-day consolidation range,…
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Technical Outlook

The dollar index is expected to maintain a positive outlook as long as it holds above the key 100…

English Analysis May 16, 2025

The dollar index remained confined within a tight range on Friday, trading a few hundred pips below the recent one-month high of 101.76, yet maintaining a bullish stance above the critical 100 level. The index is set for a second…
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Technical Outlook

Oil prices decline amid oversupply worries as the US and Iran near a deal and US crude inventories…

English Analysis May 15, 2025

WTI oil prices dropped over 3% on Thursday morning as optimism faded following positive news on US-Iran nuclear talks, which could lead to easing sanctions on Iranian oil exports, and a sharp unexpected rise in US crude inventories,…
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Technical Outlook

GBP/USD – Bulls maintain control ahead of UK GDP release

English Analysis May 14, 2025

GBP/USD maintains a strong short-term outlook, extending its rebound following Tuesday’s 1% surge, which generated a positive signal by retracing over 50% of the 1.3444/1.3139 pullback and forming a bullish engulfing pattern on the daily…
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Technical Outlook

Gold prices continue to decline as the US-China trade deal boosts risk appetite

English Analysis May 14, 2025

Gold prices tumbled on Wednesday, breaching key support levels as optimism surrounding the US-China trade agreement reduced fears of a broader economic crisis, overshadowing safe-haven demand. Renewed risk appetite drove gold below…
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Technical Outlook

USDJPY – Retreat gains momentum under pressure from a bull trap and a thick descending daily cloud

English Analysis May 14, 2025

USDJPY continues to retreat from a fresh multi-week high of 148.64 for the second consecutive day, as overbought conditions triggered profit-taking. The broader uptrend encountered strong resistance from the descending daily Ichimoku…
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Economy

US inflation increased less than anticipated in April, but economists forecast a stronger impact…

English Analysis May 13, 2025

The US consumer price index rose by 0.2% month-over-month in April, following a 0.1% decline in March (the first negative figure in five years), falling short of the expected 0.3% increase. Year-over-year inflation rose by 2.3% in April,…
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Technical Outlook

The Dow Jones soared as a fresh trade deal ignited investor risk appetite

English Analysis May 12, 2025

The Dow Jones surged to its highest level in nearly six weeks at the start of Monday's US session, building on a strong gap-higher open in Asia and advancing around 1.3% since then. The rally was fueled by a new trade deal between the US…
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Technical Outlook

Crude oil prices extended gains as optimism around progress in US-China trade talks boosted market…

English Analysis May 12, 2025

WTI oil prices surged over \$2 on Monday following the successful US-China trade talks over the weekend, which eased tensions and signaled progress toward resolving the trade conflict between the world’s two largest oil consumers. The…
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Technical Outlook

Gold prices plunge as renewed optimism dampens demand for safe-haven assets

English Analysis May 12, 2025

Gold prices dropped roughly 2.5% at the start of the week, pressured by positive developments, including the US-China trade deal and an India-Pakistan ceasefire, which dampened safe-haven demand. Optimism over avoiding a disastrous…
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Technical Outlook

Bitcoin maintains its position above the 100K mark, with any downside likely to be limited before a…

English Analysis May 9, 2025

Bitcoin extends its upward momentum, reaching its highest level in nearly three and a half months on Friday, following Thursday’s 6.7% surge—the strongest daily gain since March 2. Positive sentiment was bolstered by the announcement of…
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Technical Outlook

WTI Oil Reclaims Above \$60 as US-China Trade Talk Signals Ease Tensions

English Analysis May 9, 2025

WTI oil maintains a firm tone, striving to sustain gains above the critical \$60 level (a psychological barrier and the 50% Fibonacci retracement of the \$64.70/\$55.14 decline). Prices climbed around 4% on Thursday, fueled by renewed…
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Technical Outlook

Dollar Index – Maintains Bullish Bias Above Key 100 Level

English Analysis May 9, 2025

The dollar index eased slightly on Friday after reaching a one-month high but maintained a constructive tone, as the recent bullish momentum broke through and stabilized above the key psychological level of 100, which had repeatedly acted…
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Technical Outlook

BTC/USD approaches the psychological \$100K mark as fading trade concerns fuel bullish momentum.

English Analysis May 8, 2025

Bitcoin maintains a strong upward trajectory, approaching the psychological $100K mark as the current bullish rally extends for a third consecutive day, gaining momentum from the recent low of $93,352 (May 6). Positive market sentiment has…
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Central Banks

The Bank of England lowers interest rates by 25 basis points, in line with expectations

English Analysis May 8, 2025

The Bank of England (BOE) reduced its main interest rate by 25 basis points on Thursday, lowering it from 4.50% to 4.25% during its May monetary policy meeting. This decision, widely anticipated by markets, comes as the central bank…
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Technical Outlook

GBP/USD – Key support zone under pressure ahead of US-UK trade deal announcement and BOE rate…

English Analysis May 8, 2025

Cable remained in the red on Thursday, testing a critical support zone after giving up a 0.5% overnight gain that followed news of a potential US-UK trade deal. The initial optimism quickly faded, putting pressure back on the pair. U.S.…
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Technical Outlook

USD/JPY rebounds, recovering some recent losses ahead of the Fed decision

English Analysis May 7, 2025

USD/JPY edged higher on Tuesday, benefiting from partial profit-taking after a sharp three-day decline of 2%. The recovery has been modest so far, barely exceeding the 23.6% Fibonacci retracement of the 145.92–142.35 downtrend. Technical…
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Market News

Why Today’s Fed Comments Are More Important Than the Rate Decision

English Analysis May 7, 2025

Markets widely expect the U.S. Federal Reserve to keep interest rates unchanged today, but the real focus is on the Fed's message, not the decision itself. According to CME Group data, there is over a 95% chance that rates will stay…
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Technical Outlook

EUR/GBP drops to one-month low amid renewed political unrest in Germany

English Analysis May 6, 2025

EUR/GBP weakened on Tuesday after Germany’s Merz unexpectedly failed to secure parliamentary support to become chancellor in the first round of voting. The pair slid to a one-month low, breaching key support at 0.8480 (the 61.8%…
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Technical Outlook

Gold – Resurgence in safe-haven demand drives gold price higher

English Analysis May 6, 2025

Gold extended its strong recovery into a second consecutive day, reaching a two-week high on Tuesday. The price broke through the 61.8% Fibonacci retracement of the \$3,500–\$3,201 pullback (\$3,286) and neared the psychological \$3,400…
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Economy

U.S. service sector growth surged well beyond expectations in April, according to PMI data

English Analysis May 5, 2025

Data released Monday showed that the U.S. services sector expanded at a faster pace in April, driven by a sharp rise in new orders and input prices, with costs for materials and services climbing to their highest levels in over two years.…
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Technical Outlook

Gold – sharp rebound signals potential trend reversal

English Analysis May 5, 2025

Gold surged over 2% on Monday, buoyed by a weaker dollar and ongoing uncertainty surrounding the US-China trade dispute, which reignited safe-haven demand. The strong rebound came after repeated failures to break below key support at…
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Technical Outlook

Oil prices dropped on Monday as OPEC+ raised production once more

English Analysis May 5, 2025

WTI oil opened on Monday with a \$2 gap lower, reaching its lowest point since April 9, after OPEC+ announced over the weekend that it would increase oil production by 411,000 barrels per day starting in June. This decision marks the…
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Economy

Eurozone inflation exceeded expectations in April, but the European Central Bank is still expected…

English Analysis May 2, 2025

Inflation in the Eurozone held steady at 2.2% in April, slightly above expectations for a 2.1% increase. Core inflation—which excludes volatile food and energy prices—rose to 2.7% from 2.4% in March, surpassing forecasts of a 2.5% gain.…
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Technical Outlook

Gold – Break below key $3300 support zone signals potential trend reversal

English Analysis May 1, 2025

Gold fell 1.6% during thin holiday trading in Asia on Thursday, reaching a two-week low as renewed risk appetite—driven by easing trade tensions—continued to erode the metal's safe-haven appeal. A decisive break below the key $3300…
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Technical Outlook

The Dollar Index is heading for its largest monthly decline since November 2022

English Analysis Apr 30, 2025

The Dollar Index remained mildly bid on Wednesday, edging higher after data showed the U.S. economy contracted in the first quarter—contrary to expectations for modest growth—though results came in better than some major U.S. banks had…
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Technical Outlook

Gold retests key support levels as easing trade tensions weigh on safe-haven demand

English Analysis Apr 30, 2025

Gold remains in the red for a second straight session, once again testing the key $3300/$3292 support zone (psychological level / 38.2% Fibonacci retracement of the $2956–$3500 rally), where previous attempts to break lower have failed.…
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Technical Outlook

WTI crude extends losses as sentiment weakens amid fading hopes for trade talks

English Analysis Apr 29, 2025

WTI crude remained in the red for a second straight session, extending losses on Tuesday as fading hopes for progress in US-China trade talks weighed on sentiment. The initial optimism surrounding trade negotiations gave way to renewed…
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Technical Outlook

USD/JPY – Repeated upside rejections keep the pair vulnerable to downside risks

English Analysis Apr 29, 2025

USD/JPY edged higher early Tuesday, recovering slightly after Monday’s 1.1% drop, which came on the heels of repeated upside rejections below key dual Fibonacci resistance at 144.13/21 (the broken 76.4% retracement of the 139.57–158.87…
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Technical Outlook

Cable maintains a constructive outlook but will likely continue to encounter strong resistance at…

English Analysis Apr 28, 2025

Cable edged higher early Monday, pressuring the pivotal 1.3350 barrier (the 61.8% Fibonacci retracement of the 1.3423–1.3232 pullback and the former recovery peak from April 24). A series of higher lows since the 1.3232 correction low,…
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Uncategorized

Gold tests key support levels once again, but early signals still await confirmation

English Analysis Apr 25, 2025

Gold prices fell on Friday after failing to reclaim key resistance levels at $3,371 (broken 23.6% Fibonacci retracement of the $2,956–$3,500 rally) and the psychological $3,400 mark—signaling that the corrective phase from the all-time high…
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Technical Outlook

USDJPY lifted by renewed risk appetite, but clear directional signals remain elusive

English Analysis Apr 25, 2025

USDJPY remains supported, as the rebound from the multi-month low at 139.88 continues to hold above the broken Fibonacci level at 142.55 (23.6% of the 151.20–139.88 decline, reinforced by the 10-day moving average) for a third straight day.…
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Economy

U.S. business activity slows in April amid rising tariff concerns

English Analysis Apr 23, 2025

Data released on Wednesday showed that the U.S. Flash Composite PMI Index—which measures activity across both the manufacturing and services sectors—fell to 51.2 in April, down from 53.5 in March, marking the lowest reading since December…
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Technical Outlook

BTCUSD – New rally suggests the correction from the recent all-time high may be complete

English Analysis Apr 23, 2025

Bitcoin surged to its highest level since early March on Wednesday, marking a strong three-day rally that signals a potential continuation of the recovery from the 2025 low at 74,389. The fresh bullish momentum followed a brief period of…
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Technical Outlook

Gold – Key $3300 Support Zone in Focus as Market Seeks Directional Clues

English Analysis Apr 23, 2025

Gold Holds at $3300 Support as Market Awaits Next Move Gold extended losses for a second consecutive day on Wednesday, sliding to the $3300 support zone in early trading, continuing a sharp pullback from Tuesday’s record high at $3500.…
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Technical Outlook

GBPUSD – Bulls Encounter Resistance Headwinds but Maintain Their Hold for Now

English Analysis Apr 22, 2025

Bulls are showing early signs of fatigue as GBPUSD edges closer to the key resistance at 1.3434 — the 2024 high from September 26 — after repeatedly failing to sustain moves above the 1.3400 mark. Heavily overbought conditions on the…
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Technical Outlook

USDJPY – Bears likely to pause near key support zone at 140.00/139.57

English Analysis Apr 22, 2025

USDJPY saw a slight uptick on Tuesday after bears broke the psychological 140 support level, reaching a new multi-month low at 139.88, and came close to testing the key mid-term support at 139.57, the 2024 low from September 16. Partial…
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Technical Outlook

Gold Soars Past $3500

English Analysis Apr 22, 2025

Gold surged dramatically since Monday's opening at $3333, reaching $3500 by Tuesday morning, marking a 5% increase in just over 24 hours. The rally that began at the start of the year shows no signs of slowing down, with gold climbing…
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Economy

Japan’s Inflation Accelerates in March, Increasing Pressure on the BOJ

English Analysis Apr 18, 2025

Japan’s core consumer price index — which includes oil products but excludes fresh food — rose by 3.2% in March, matching forecasts but accelerating from 3.0% in February. The increase was mainly driven by a persistent rise in food…
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Technical Outlook

Crude Oil – Solid Weekly Rally Signals Rebound, but Weak Demand Outlook Weighs on Sentiment

English Analysis Apr 18, 2025

WTI crude marked its second consecutive weekly gain, rising 3.3% this week, buoyed by growing optimism over easing trade tensions between the United States and the European Union, the prospect of a possible deal, fresh U.S. sanctions on…
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Technical Outlook

Dollar Index – Tight consolidation expected before fresh drop, with 100 level acting as key barrier

English Analysis Apr 17, 2025

The dollar index remains stuck in a narrow consolidation just above fresh multi-month lows, extending its sideways movement into a fifth consecutive session. Larger bearish momentum is taking a breather following a steep two-week slide,…
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Economy

China’s GDP expanded more than expected in the first quarter, offering a stronger-than-anticipated…

English Analysis Apr 16, 2025

China’s economy expanded at a faster-than-expected pace in the first quarter, supported by strong industrial output and resilient consumer spending, which together drove upbeat early-year performance. Gross domestic product rose 5.4%…
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Technical Outlook

Gold surges to a fresh all-time high, breaking above $3300

English Analysis Apr 16, 2025

Gold surged past the key psychological barrier at $3300, setting a new record high on Wednesday morning, as escalating tensions in the US-China trade war triggered a renewed rush into safe-haven assets, with additional support coming from a…
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Technical Outlook

AUDUSD extends its rally for a fifth consecutive session, approaching key resistance levels

English Analysis Apr 15, 2025

AUDUSD extended its strong rally into a fifth consecutive session on Tuesday, reaching a two-week high, as continued weakness in the US dollar and firmer commodity prices provided solid support for the Aussie dollar. The technical…
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Economy

German investor sentiment dropped in April at its sharpest rate since early 2022, according to the…

English Analysis Apr 15, 2025

Data released Tuesday by the ZEW economic research institute showed a sharp drop in German investor sentiment, with the index falling to -14 in April from 51.6 the previous month — far below expectations for a rise to 10.6. This marks…
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Technical Outlook

GBP/USD – Bulls retest the 1.3200 level while monitoring UK data for additional cues

English Analysis Apr 14, 2025

Cable remains firmly supported at the start of the week, extending its strong rally into a fifth straight session. Bulls are once again testing the 1.3200 barrier — a level last breached with a brief, failed breakout on April 3 — though…
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Technical Outlook

Dollar Index — Modest Rebounds Likely Before Renewed Downside Move

English Analysis Apr 14, 2025

The dollar edged modestly higher on Monday as broader bearish momentum showed signs of fatigue following last week’s sharp losses. A weekly close below the key psychological 100.00 level — which also aligns with the 61.8% Fibonacci…
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Technical Outlook

The safe-haven Swiss franc hits its highest levels in a decade against the US dollar as the trade…

English Analysis Apr 11, 2025

USDCHF dropped to its lowest level in ten years on Friday, as the safe-haven Swiss franc benefited from a strong influx into safe assets due to the escalating US-China trade war. The 1.7% decline on Friday, which followed a nearly 4%…
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Technical Outlook

Gold surges past $3,200 as trade war tensions intensify

English Analysis Apr 11, 2025

Gold soared above $3,200 on Friday, setting multiple record highs as demand for safe haven assets surged amid escalating trade war tensions and a weakening dollar. The sharp rally was sparked by President Trump's decision to pause…
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Economy

March U.S. Inflation Misses Forecasts, But Upside Risks Persist

English Analysis Apr 10, 2025

U.S. inflation eased in March, with consumer prices declining by 0.1% month-over-month, following a 0.2% increase in February. On an annual basis, CPI slowed to 2.4%, down from 2.8% in the previous month and below the market consensus of…
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Technical Outlook

The S&P surged significantly following the U-turn in tariff policy, but further upside progress…

English Analysis Apr 10, 2025

The S&P 500 edged lower on Thursday after a significant 10.2% rally the previous day, marking its largest daily gain in over a decade. President Trump’s unexpected decision to delay heavy tariffs on several countries for 90 days…
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Technical Outlook

EUR/GBP extends its sharp rally for the fifth consecutive session

English Analysis Apr 9, 2025

EUR/GBP remains firmly in an upward trajectory for the fifth straight session, fueled by rising risk aversion amid the escalating trade war. The euro has gained safe haven appeal alongside the yen and Swiss franc, as the dollar continues to…
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Technical Outlook

USD/JPY slips back into full bearish mode as renewed risk aversion fuels demand for safe-haven…

English Analysis Apr 9, 2025

Bears have regained control, completely erasing the recent rebound from the multi-month low at 144.55. Strong bearish signals are forming on the daily chart, including a double rejection of recovery attempts and a bull-trap above the…
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Technical Outlook

Oil drops to a four-year low as intensifying trade war deepens market gloom

English Analysis Apr 9, 2025

WTI crude extended losses on Wednesday, plunging to a fresh multi-year low of $56.70—its weakest level since January 2021—as mounting concerns over the global economic outlook continued to pressure oil prices. The latest blow came from…
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Technical Outlook

Gold rises above $3000, but downside risks persist.

English Analysis Apr 8, 2025

Gold prices rebounded on Tuesday, climbing back above the key $3000 level and partially easing the bearish signal triggered by Monday’s drop below this critical support, which had raised concerns of a deeper pullback. The bounce was…
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Technical Outlook

Bitcoin struggles to regain momentum after being impacted by risk aversion, dropping to its lowest…

English Analysis Apr 7, 2025

Bitcoin rebounded on Monday from a fresh five-month low, following broader risk-off sentiment driven by concerns over the impact of new tariffs, which also pressured the crypto market. The rebound pushed the price above the key…
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Technical Outlook

Nasdaq – Bears pause after nearly 10% drop last week

English Analysis Apr 7, 2025

The Nasdaq is consolidating above a fresh multi-month low at 16,463 — its lowest level since January 2024 — after suffering steep losses over the last three sessions and a nearly 10% drop for the week. Some partial profit-taking amid…
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Technical Outlook

The S&P 500 opened with a gap lower, but bears may take a pause for consolidation following…

English Analysis Apr 7, 2025

The S&P 500 opened with a full-point gap lower on Monday, hitting its lowest levels since mid-January 2024, continuing the decline from last week’s 8.75% drop. This sharp drop came after President Trump announced tariffs on all…
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Technical Outlook

Gold – Key $3000 Level Holds the Spotlight as Market Awaits Clear Directional Cues

English Analysis Apr 7, 2025

Gold slipped below $3000, touching a three-week low in early Monday trading, extending the pullback from the recent all-time high seen over the past two sessions. The sharp decline took markets by surprise, as gold would typically gain…
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Technical Outlook

Dollar drops nearly 2% in an unusual response to US tariffs

English Analysis Apr 3, 2025

The dollar saw a sharp decline across the board on Thursday, hit hard by the latest sweeping import tariffs announced by President Trump on Wednesday. The dollar index plunged to a six-month low, accelerating downward and losing nearly…
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Technical Outlook

USD/JPY tests the lower boundary of its near-term range ahead of tariff announcement

English Analysis Apr 2, 2025

USD/JPY remains under pressure on Wednesday, extending its decline below the 150 level, which has turned into a solid resistance zone after three failed attempts to break higher. Fresh weakness is testing the 20DMA (149.06), a key…
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Technical Outlook

WTI oil prices consolidate just below a new multi-week high, as traders await President Trump’s…

English Analysis Apr 2, 2025

WTI oil prices are trading just below a new five-week high of $72.08, reached on Tuesday, after a 2.8% rally on Monday, the largest daily gain since January 15. The slight pullback observed so far appears to be more of a consolidation…
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Technical Outlook

Gold holds steady near its record high as markets await the announcement of new US tariffs

English Analysis Apr 2, 2025

Gold prices remain strong, holding above $3100 for the second consecutive day after reaching a new all-time high of $3149 on Tuesday. Persistent safe-haven demand, fueled by heightened economic and geopolitical uncertainties, continues…
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Technical Outlook

Gold reaches a new record high, set for strong weekly, monthly, and quarterly gains

English Analysis Mar 28, 2025

Gold surged to a new record high of $3,086 in early Friday trading, extending Thursday’s 1.2% rally. The metal is on track for its fourth consecutive weekly gain and a third straight bullish monthly close, up over 7% in March and 17% in…
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Technical Outlook

Gold extends gains following new U.S. tariffs

English Analysis Mar 27, 2025

Gold surged to a one-week high on Thursday after President Trump announced a new round of tariffs on imported cars. The latest addition to the series of U.S. reciprocal tariffs, set to take effect on April 2, triggered fresh concerns…
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Technical Outlook

Crude oil extends gains on supply concerns, testing key resistance levels

English Analysis Mar 26, 2025

WTI crude oil continues its upward momentum for the sixth consecutive day, reaching a three-week high on Wednesday. The latest rally was fueled by a sharper-than-expected decline in U.S. crude inventories (API report) and mounting…
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Technical Outlook

GBPUSD dips after weak CPI data but remains without clear direction signals

English Analysis Mar 26, 2025

GBPUSD fell to a two-week low on Wednesday following weaker-than-expected UK February inflation data, reinforcing expectations of a Bank of England rate cut in May. Fresh losses are testing support at 1.2883 (20DMA / last Friday’s low),…
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Technical Outlook

EURUSD – Attempts to Rebound Above Key Fibonacci Support and 20DMA

English Analysis Mar 25, 2025

EURUSD edged higher on Tuesday after a four-day pullback from its multi-month peak at 1.0954, where the rally stalled just below key Fibonacci resistance at 1.0969. The decline found temporary support at 1.0771, the 23.6% retracement of the…
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Technical Outlook

USDJPY – Bulls make another push towards the key 150 resistance level

English Analysis Mar 24, 2025

USDJPY maintains a bullish tone, once again testing key resistance levels at 149.80/150.00 (bear-channel upper boundary/psychological) on Monday after facing a double rejection at 150 last week. The technical outlook is improving on the…
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Technical Outlook

Gold – Critical $3000 Support Holds Amid Pullback from Record High

English Analysis Mar 24, 2025

Gold remains range-bound at the start of the week but stays constructive above the key $3000 level (psychological support / 10DMA). The recent pullback from the record high of $3057 found strong support at $3000, reinforced by Friday’s…
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Technical Outlook

EUR/USD – Bullish momentum fades, key support at the 1.0800 zone in focus

English Analysis Mar 20, 2025

EUR/USD remains in the red for the second consecutive day on Thursday, extending its pullback from a fresh five-month high. A double rejection below Fibonacci resistance at 1.0969 (76.4% retracement of the 1.1214–1.0177 downtrend) and…
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Technical Outlook

Gold – Shallow pullbacks expected as market positions for further gains

English Analysis Mar 20, 2025

Gold retreats from its new all-time high of $3,057 on Thursday, as overbought daily conditions triggered partial profit-taking, while a stronger dollar added pressure on prices. The metal surged past the $3,000 milestone after a period…
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Economy

Eurozone inflation increases less than anticipated in February

English Analysis Mar 19, 2025

Data released on Wednesday revealed that eurozone inflation for February was revised down to 2.3% from the initial estimate of 2.4%, mainly due to adjustments in Germany’s figures. This revision aligns with economists' expectations and…
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Technical Outlook

USD/JPY – Short-term recovery encounters resistance at the key 150 level

English Analysis Mar 19, 2025

USD/JPY tested the key 150 barrier again early Wednesday, challenging the psychological level, the upper boundary of the bear channel, and the 30-day moving average. This move offset the initial bearish signal from Tuesday’s inverted…
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Technical Outlook

Gold reaches a new all-time high, poised to break firmly above $3,000

English Analysis Mar 18, 2025

Gold surged past the $3,000 mark again on Tuesday, setting a new record high. Escalating geopolitical tensions, fueled by renewed attacks in the Gaza region, a deepening political crisis between the US and the European Union, and growing…
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Technical Outlook

AUD/USD – Bulls Break Through Key Resistance Levels

English Analysis Mar 17, 2025

AUD/USD climbed to a two-week high on Monday, extending gains amid a weaker dollar and renewed optimism following signals of China’s stimulus plan to boost domestic consumption. Fresh bullish momentum has pushed the pair through the key…
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Technical Outlook

EUR/USD – Bullish Bias Holds Above 1.0800, Focus Shifts to German Debt Vote on Tuesday

English Analysis Mar 17, 2025

The euro remains in extended consolidation just below a fresh five-month high, following a strong two-week rally. The technical outlook on the daily chart remains bullish, though an overbought RSI and weakening bullish momentum suggest…
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Technical Outlook

Gold breaks through the $3,000 milestone

English Analysis Mar 14, 2025

Gold surged past the psychological $3,000 barrier on Friday, marking a historic milestone that arrived sooner than expected. While the timing was slightly ahead of projections, this move aligns with my previous forecasts in comments and…
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Technical Outlook

Gold price approaches a new record high as rising uncertainty drives increased safe-haven demand

English Analysis Mar 13, 2025

Gold prices extended gains on Thursday, approaching the all-time high of $2,956 (Feb 24) after a fresh post-U.S. CPI surge cleared the last key barriers at $2,926/$2,930. Escalating trade war concerns and the growing risk of an economic…
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Technical Outlook

Gold maintains a positive outlook, awaiting US CPI data and tariff developments for fresh direction

English Analysis Mar 12, 2025

Gold prices remain confined to a narrow range on Wednesday morning, pressing against the near-term congestion ceiling at $2,930. The short-term bias favors bulls as long as the price holds above the psychological $2,900 level, though…
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Technical Outlook

EUR/USD – Bulls Poised for a Pause After Last Week’s Strong Rally

English Analysis Mar 10, 2025

The Euro keeps firm tone on Monday after surging over 4% last week and consolidating near new four-month high. The single currency continues to ride on a fresh wave of dollar’s weakness, with last week’s gains being the biggest since the…
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Technical Outlook

USD/CHF drops to a three-month low as strong safe-haven demand boosts the Swiss franc

English Analysis Mar 10, 2025

USD/CHF remains under pressure at the start of the week, hitting a fresh three-month low as the Swiss franc continues to gain amid rising concerns over overheated economic conditions and escalating geopolitical risks. Investor worries…
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Technical Outlook

Bitcoin bears hold firm above the $80K support zone following last week’s sharp decline

English Analysis Mar 10, 2025

Bitcoin edged higher in early Monday trading as traders took profits following last week’s steep 13% decline. The losses accelerated on Sunday, with a sharp 5% drop adding to the broader downturn. Over the weekend, former President Trump…
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Technical Outlook

Bitcoin plunges below $80K amid a wave of risk aversion

English Analysis Feb 28, 2025

Bitcoin was the worst performer on Friday, sliding over 6% during Asian and early European trading. The largest cryptocurrency remains under heavy pressure, primarily due to broader risk aversion fueled by U.S. tariff policies, which…
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Technical Outlook

Gold – Further dip below $2900 signals a healthy correction before the next upward move.

English Analysis Feb 27, 2025

Gold prices have slipped below the key $2900 support level, where price action had shown hesitation over the past two days. Despite initial bullish signals from double downside rejections and long lower wicks on daily candles, today's fresh…
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Economy

German consumer sentiment declines more than expected in March – GfK

English Analysis Feb 26, 2025

Data released on Wednesday by the German GfK market research institute revealed that consumer sentiment in Germany declined to -24.7 points in March, down from -22.6 points in the previous month, falling short of the expected -21.4 points.…
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Technical Outlook

Bitcoin – Breaking Key Support Levels Increases Risk of Deeper Pullback

English Analysis Feb 25, 2025

Bitcoin tumbled over 6% in early Tuesday trading, with strong selling pressure emerging in the Asian and early European sessions amid deteriorating market sentiment. The latest decline broke through the critical 90K support zone, the…
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Technical Outlook

WTI Oil Recovers from Friday’s 3.1% Drop, But Pressure Remains on Peace Talks and Resumption of…

English Analysis Feb 24, 2025

WTI oil prices rebounded from a fresh two-month low of $70 on Monday, driven by partial profit-taking following Friday’s 3.1% drop—the biggest daily loss since November 25. Fresh bearish momentum broke through the psychological $70…
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Technical Outlook

EUR/USD – Rejection Below Key Resistance Maintains Bearish Pressure

English Analysis Feb 24, 2025

EUR/USD briefly reached a one-month high of 1.0528 in early Monday trading, reacting to the German election results. However, fresh gains were quickly erased, as the outcome lacked major surprises to drive sustained bullish momentum. The…
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Technical Outlook

USD/JPY breaks below the 150 support level after a 1% decline on Thursday

English Analysis Feb 20, 2025

USD/JPY Drops Sharply as Yen Strengthens on BoJ Policy Expectations USD/JPY saw a sharp decline on Thursday morning as the yen gained fresh momentum amid rising expectations of a more aggressive monetary policy stance from the Bank of…
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Technical Outlook

Gold is approaching the $3,000 mark

English Analysis Feb 20, 2025

Gold prices continue their upward momentum, reaching a new all-time high in early Thursday trading. This surge is fueled by increasing uncertainty over U.S. tariffs and heightened political instability, which have intensified safe-haven…
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Central Banks

The Reserve Bank of Australia delivered a widely expected rate cut but struck a cautious tone on…

English Analysis Feb 18, 2025

The Reserve Bank of Australia cut interest rates by 25 basis points to 4.1% in its latest policy meeting, in line with expectations. This marks the first rate cut since the 2020 pandemic crisis, signaling the start of a policy easing…
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Technical Outlook

AUD/USD hovers near its fresh 2025 high as markets await the RBA rate decision

English Analysis Feb 17, 2025

AUD/USD surged to a fresh 2025 high on Monday, marking its strongest level since mid-December, as the broader rally extended for a second consecutive week, gaining nearly 5% from a near four-year low. The pair remains supported by a…
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Technical Outlook

USD/JPY – Weekly Inverted Hammer Signals Potential Loss of Bearish Momentum Near Key Fibonacci…

English Analysis Feb 17, 2025

USD/JPY continues its decline for the third consecutive day, testing the key Fibonacci support at 151.50 (38.2% of 137.57/158.87). The recent dip found support at this level, reinforcing the zone and suggesting the possibility of a…
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Economy

U.S. retail sales fell significantly short of expectations in January

English Analysis Feb 14, 2025

U.S. retail sales fell well below expectations in January, with severe weather and California wildfires largely contributing to the decline. Retail sales dropped 0.9% last month, following an upwardly revised 0.7% increase in December,…
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Technical Outlook

Gold prices pull back from a new record high, but strong fundamentals suggest downside remains…

English Analysis Feb 11, 2025

Gold prices edged lower on Tuesday as traders took partial profits, responding to overbought daily indicators despite a fundamentally supportive backdrop. Earlier in the session, the metal surged to a new record high of $2,942 after…
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Technical Outlook

USDJPY – Bears Pause Ahead of Key US Events, with Daily Cloud Base Acting as Strong Resistance

English Analysis Feb 11, 2025

USDJPY maintains a constructive tone and edges higher on Tuesday, as safe-haven demand unexpectedly cools following President Trump’s latest round of tariffs on metal imports. Investors are also in wait-and-see mode ahead of Fed Chair…
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Technical Outlook

Bitcoin gains momentum amid discussions of new tariffs

English Analysis Feb 10, 2025

Bitcoin rebounded on Monday, capitalizing on its role as an alternative currency after the latest tariff announcement unsettled markets and fueled safe-haven demand. In the near term, price action is fluctuating between the ascending…
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Technical Outlook

Gold surges to a new all-time high above $2,900

English Analysis Feb 10, 2025

Gold led the early Monday trading as new tariff threats from President Trump heightened fears of a global trade war, driving fresh safe-haven demand. Bulls pushed past the key $2,900 psychological barrier, setting a new record high with…
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Technical Outlook

Gold – Bulls Strengthen Control Following Brief Consolidation

English Analysis Feb 5, 2025

Gold prices eased on Wednesday after reaching a series of new record highs over the past 24 hours. The latest bullish surge was driven by growing concerns about the negative impact of the trade war between the US and China, as the…
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Technical Outlook

USD/JPY drops to a seven-week low as robust Japanese wage growth strengthens expectations for a BoJ…

English Analysis Feb 5, 2025

USD/JPY declined nearly 0.9% during Asian and early European trading on Wednesday, marking its third consecutive daily drop as the dollar remained under pressure, while the yen gained fresh momentum from stronger-than-expected wage growth…
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Technical Outlook

Gold stabilizes below its new record high, supported by robust safe-haven demand

English Analysis Feb 4, 2025

Gold remains in a tight consolidation on Tuesday, stabilizing above $2800 after Monday’s volatile session driven by U.S. tariff developments. Despite a sharp dip, the metal quickly rebounded to a new all-time high, reinforcing strong…
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Technical Outlook

Bitcoin dipped toward the crucial $90K support level amid tariff concerns, but its near-term outlook…

English Analysis Feb 3, 2025

Bitcoin dropped below the key psychological support of $100K, hitting its lowest level in nearly three weeks and once again testing the critical $90K support zone, which serves as the floor of a broader consolidation range. The leading…
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Technical Outlook

Dollar jumps broadly following US trade tariffs announcement

English Analysis Feb 3, 2025

The dollar index surged at the open on Monday, climbing 1.1% as trade war fears intensified following President Donald Trump’s decision to impose tariffs on imports from Canada, Mexico, and China. In response, Canada and Mexico swiftly…
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Technical Outlook

Bitcoin remains range-bound, awaiting Trump’s tariff decision

English Analysis Jan 31, 2025

Bitcoin remained below its one-week high in quiet trading on Friday as markets awaited President Trump’s decision on imposing 25% tariffs on imports from Canada and Mexico ahead of the February 1 deadline. Unlike other alternative…
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Technical Outlook

Renewed safe-haven demand pushes gold to a fresh record high

English Analysis Jan 31, 2025

Gold surged to a new record high on Friday, briefly breaking through the psychological $2800 barrier, extending Thursday’s 1.3% advance. The metal gained support from renewed safe-haven demand following tariff threats from President…
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Central Banks

ECB cuts rates as expected, signaling openness to further easing

English Analysis Jan 30, 2025

The European Central Bank lowered interest rates by 25 basis points to 2.75%, in line with expectations, while signaling a willingness to continue easing as weak economic growth takes precedence over lingering inflation concerns. This…
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Technical Outlook

WTI oil price extends decline as crude stockpiles increase

English Analysis Jan 30, 2025

WTI oil prices dropped to their lowest level in nearly a month after an unexpected rise in U.S. crude stockpiles further dampened sentiment. While the latest dip is encountering some resistance, it may signal a continuation of the…
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Technical Outlook

WTI oil – bearish momentum pauses

English Analysis Jan 28, 2025

WTI oil prices edged higher on Tuesday after hitting a near one-month low, suggesting the steep decline, now in its second week, may pause. The drop was driven by profit-taking from the $66.98–$79.35 rally, influenced by statements from…
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Technical Outlook

EUR/USD Recovery Maintains Momentum, but Fed/ECB Policy Divergence Could Limit Gains

English Analysis Jan 27, 2025

EUR/USD regained momentum after an overnight dip, climbing back above the 1.05 level and breaking into the falling daily cloud (spanning 1.0490 to 1.0664) following a better-than-expected German Ifo report for January, which lifted market…
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Technical Outlook

Bitcoin plunges below $100K

English Analysis Jan 27, 2025

Bitcoin saw a sharp decline, dipping below the psychological $100K support in early Monday trading. The price fell around 6% during the Asian session, marking the largest drop in weeks, driven largely by risk-off selling. This fresh drop…
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Technical Outlook

GBP/USD boosted by strong data, but further gains are required to confirm a positive breakout

English Analysis Jan 24, 2025

GBP/USD extended gains on Friday following stronger-than-expected UK PMI data, supported by a weaker dollar. The pair's fresh momentum broke above the daily Kijun-sen (1.2414) and approached the next key resistance at 1.2455 (50%…
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Technical Outlook

The Japanese yen struggles to gain significant advantage despite the BoJ’s rate hike

English Analysis Jan 24, 2025

USD/JPY initially dipped early Friday following the widely expected 25 basis point rate hike by the Bank of Japan (BoJ). Despite this bringing Japan’s interest rates to their highest level in 17 years, the yen's weakness was short-lived, as…
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Technical Outlook

WTI Crude Oil – Daily Indicators Suggest Potential Halt to Recent Decline

English Analysis Jan 23, 2025

WTI crude oil remained under pressure on Thursday but showed signs of slowing its decline compared to the sharp drop in recent sessions, which saw prices fall by around four dollars. The market continues to weigh key factors, including…
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Technical Outlook

Gold extends its gains amid uncertainties surrounding US trade policies and a weaker dollar

English Analysis Jan 22, 2025

Gold prices surged to a fresh multi-week high early Wednesday, building on Tuesday’s strong 1.4% rally. The precious metal remains supported by robust safe-haven demand amid renewed uncertainties over President Trump’s trade policies, a…
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Technical Outlook

EURUSD – Modest Recovery Signals Larger Bearish Momentum Prevails

English Analysis Jan 21, 2025

EURUSD declined on Tuesday morning, erasing nearly half of Monday’s 1.3% rally, which was driven by President Trump’s decision to hold off on implementing tariffs, contrary to initial plans to impose them immediately. The recent pause in…
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Technical Outlook

US Dollar Weakens Amid Speculation of Delayed Tariff Implementation

English Analysis Jan 20, 2025

The dollar index fell sharply in early US trading on Monday, dropping 1% in reaction to media reports indicating that the new US President may delay imposing new tariffs on his first day in office. While tariffs were highlighted as a…
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Technical Outlook

WTI oil prices retreated slightly from recent highs as markets paused, awaiting further clarity on…

English Analysis Jan 20, 2025

WTI oil prices edged lower in early Monday trading, following last week’s repeated failures to break through the base of the daily Ichimoku cloud at $79.00. This created a weekly bull-trap, prompting partial profit-taking among traders.…
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Technical Outlook

Bitcoin reaches a new all-time high amidst intense volatility ahead of Trump’s inauguration

English Analysis Jan 20, 2025

Bitcoin emerged as the top performer at the start of the week, exhibiting wild price swings from below 100K to a new record high of 109,582 during Monday’s Asian session. Euphoria surrounding President Trump’s inauguration and his…
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Technical Outlook

Gold continues to gain support from the Federal Reserve’s recent dovish pivot

English Analysis Jan 17, 2025

Gold prices retreated from a five-week high on Friday, as profit-taking emerged at the week's end following a three-day rally. The metal remains supported by softer-than-expected US core inflation data for December, which has bolstered…
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Technical Outlook

Bitcoin holds firmly above the $100,000 level as markets anticipate swift action from the Trump…

English Analysis Jan 17, 2025

BTCUSD continues its upward trajectory for the fourth consecutive day, poised to secure a decisive break above the key $100,000 level. This psychological barrier is reinforced by the top of the daily Ichimoku cloud and a descending…
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Technical Outlook

BTC/USD breaks through the $100,000 milestone as market sentiment improves

English Analysis Jan 16, 2025

BTC/USD experienced a swift rebound after a strong downside rejection at the key $90,000 support zone, breaking through the psychological $100,000 barrier and signaling a resurgence of bullish momentum. Market sentiment improved on news…
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Technical Outlook

The GBP/USD pair remains close to its recent multi-month low as markets turn their attention to…

English Analysis Jan 14, 2025

The GBP/USD pair faced renewed pressure on Tuesday, edging closer to retesting its multi-month low of 1.2099 after multiple failed attempts to sustain a recovery near the 1.2250 zone. Bearish momentum resumed after a brief correction,…
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Technical Outlook

WTI oil prices continue to climb amid supply concerns driven by the latest U.S. sanctions on Russia

English Analysis Jan 13, 2025

WTI oil prices surged to a new multi-month high of $78.66 on Monday, the highest level since August 14, as a strong bullish rally from the $72.83 higher low extended into its third consecutive day. The latest U.S. sanctions targeting…
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Economy

U.S. non-farm payrolls exceed expectations significantly in December, with the unemployment rate…

English Analysis Jan 10, 2025

The U.S. labor market showed surprising strength in December, closing the year on a solid footing. Nonfarm payrolls rose by 256,000, far surpassing economists’ forecasts of a 160,000 increase. This followed a revised gain of 212,000 in…
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Technical Outlook

AUDUSD – Bears Test Key Support Ahead of US Labor Report Release

English Analysis Jan 10, 2025

The AUDUSD remains firmly in the red, testing key support at 0.6170 (the 2022 low) after a brief recovery was repeatedly rejected above the declining 20DMA, forming a double bull trap on the daily chart. Bearish daily studies continue to…
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Technical Outlook

GBPUSD Slides to New Multi-Month Low, Bears Set Sights on 1.20 Zone

English Analysis Jan 9, 2025

The GBPUSD pair dropped to a 14-month low on Thursday morning, with the steep bearish trend from the 1.2575 lower high extending into a third consecutive session. The pound's weakness was driven by a stronger dollar, concerns over…
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Technical Outlook

USDJPY – Bulls Target 160 Level

English Analysis Jan 8, 2025

USDJPY maintains a strong tone, staying just below its new multi-month high early Wednesday, with near-term focus on the upside after recent consolidation faced multiple downside rejections. The fundamentals continue to favor the dollar,…
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Technical Outlook

USD/JPY – Bulls Maintain Control for Further Upside, BoJ Intervention Possible

English Analysis Jan 3, 2025

The near-term action remains trapped in an extended sideways range below the new multi-week high of 158.07 and is consolidating December’s 5% advance. Limited pullbacks, currently contained by the rising 10DMA, suggest that larger bulls…
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Technical Outlook

EUR/USD – Major downtrend pauses for consolidation, parity level back in focus*

English Analysis Jan 3, 2025

EUR/USD edged higher early Friday as traders booked partial profits at the week's close, following a sharp three-day decline that pushed the pair to its lowest levels in over two years. The broader bearish trend appears poised for a…
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Technical Outlook

Gold is expected to continue being supported by political and economic uncertainty, as well as…

English Analysis Jan 2, 2025

Gold gained nearly 1% on the first trading day of 2025, signaling an initial positive outlook for a potential recovery from the $2582 level (Dec 18/19 higher base). This is supported by the completion of a bullish failure swing pattern…
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Technical Outlook

The dollar maintains a strong stance as the year begins

English Analysis Jan 2, 2025

The dollar index started the new year on a strong note, hitting a fresh two-year high on the first trading day as markets picked up momentum after a quiet holiday period. In 2024, the dollar gained over 7% against a basket of major…
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Technical Outlook

BTCUSD – Extended Pullback from Record High Intensifies, Testing Key Support Levels

English Analysis Dec 20, 2024

BTCUSD’s retreat from its recent record high has extended into a third consecutive day, accelerating after breaking below the critical psychological support at 100K. The completion of an Evening Doji Star reversal pattern on the daily…
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Technical Outlook

USD/JPY surges following Fed and BoJ policy announcements

English Analysis Dec 19, 2024

USD/JPY surged to a new multi-month high on Thursday, following the Bank of Japan’s decision to maintain interest rates unchanged during its policy meeting, further reinforcing the positive signals from the Fed’s hawkish rate cut on…
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Technical Outlook

Dollar index – a limited correction following the post-Fed rally is likely to pave the way for…

English Analysis Dec 19, 2024

The dollar gained across the board on Thursday, driven by the widely expected Federal Reserve decision to cut rates by 25 basis points and signal a slower pace of rate cuts in 2025. US policymakers are fully aware of the current…
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Economy

UK Inflation Surpasses Expectations in November

English Analysis Dec 18, 2024

Inflation in Great Britain rose above expectations in November, reaching its highest level since March, though the negative impact was partially offset by unchanged services inflation, one of the key indicators for underlying inflation…
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Technical Outlook

USD/JPY – The dollar continues to be well-supported by the wide divergence between the Fed’s and the…

English Analysis Dec 18, 2024

USD/JPY remains steady, though trading in a narrower range on Wednesday, as investors await the FOMC decision later today. Tuesday’s dip from a three-week high, which interrupted a six-day rally, is likely to be short-lived, as the…
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Technical Outlook

AUD/USD slides to a new low for 2024 as markets brace for a widely anticipated hawkish rate cut by…

English Analysis Dec 18, 2024

AUD/USD has reached a new low for 2024, trading near its lowest level since October 2023 on Thursday, following a strong bearish signal generated by Tuesday's close below the previous annual low (0.6348, August 5 spike low). The…
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Technical Outlook

Gold remains under pressure and targets key support levels

English Analysis Dec 17, 2024

Gold prices extended their decline on Tuesday morning, following a two-day sharp drop (down 2.5%) that paused on Monday. A stronger dollar, driven by growing expectations of elevated U.S. interest rates, continues to pressure the metal’s…
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Technical Outlook

Anticipation of sustained higher Federal Reserve interest rates to support the dollar in the long…

English Analysis Dec 17, 2024

The dollar index strengthened in early Tuesday trading, nearing the recovery highs from the December 6 low of 105.37. Despite Friday and Monday forming Doji candles signaling indecision, the pattern likely reflects a brief consolidation…
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Market News

Gold prices hold steady ahead of Fed rate decision; copper declines on weak China data

English Analysis Dec 16, 2024

Gold prices remained subdued in Asian trade on Monday, consolidating recent losses as investors stayed focused on the U.S. dollar ahead of the Federal Reserve’s final meeting of the year. Meanwhile, copper prices came under pressure due…
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Market News

Oil prices dip amid weak Chinese spending data

English Analysis Dec 16, 2024

Oil futures retreated from multi-week highs on Monday, weighed down by disappointing consumer spending data from China, the world’s largest oil importer. Brent crude futures declined by 32 cents, or 0.4%, to $74.17 per barrel by 1300…
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Technical Outlook

GBP/USD extends decline following weak UK economic data; potential consolidation may precede another…

English Analysis Dec 13, 2024

GBP/USD extended its decline on Friday, remaining in the red for the third consecutive session as a stronger dollar and unexpectedly weak UK October GDP figures weighed on the pair. The fresh weakness tested support at 1.2618 (last…
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Technical Outlook

EUR/USD – ECB rate cut and dovish stance deepen bearish fundamentals

English Analysis Dec 12, 2024

EUR/USD – Post-ECB trading remains choppy, with the pair confined to a 50-pip range, offering little clarity on near-term direction. The European Central Bank’s 25-basis-point rate cut and dovish tone, signaling openness to further…
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Technical Outlook

Swiss Franc weakens following an unexpected 0.50% rate cut by the Swiss National Bank (SNB)

English Analysis Dec 12, 2024

USD/CHF surged to a two-week high with a 0.8% jump on Thursday morning, following an unexpected 50 basis points rate cut by the Swiss National Bank (SNB), reducing the rate from 1% to 0.50%. The move surprised markets, which had anticipated…
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Market News

Oil prices hold steady as concerns over weak demand counterbalance supply risks from sanctions

English Analysis Dec 12, 2024

Oil prices remained relatively stable on Thursday as concerns over weak demand and a larger-than-expected rise in U.S. gasoline and distillate inventories offset gains driven by additional EU sanctions threatening Russian oil supplies.…
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Technical Outlook

AUD/USD declines amid indications of a dovish shift from the Reserve Bank of Australia (RBA)

English Analysis Dec 10, 2024

AUD/USD declined on Tuesday morning after the Reserve Bank of Australia (RBA) kept interest rates steady at 4.35% but adopted a softer tone compared to its previous meeting. The RBA refrained from ruling out future policy moves, reviving…
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Technical Outlook

EUR/GBP – Broader bearish trend remains dominant, targeting the critical 0.8200 support zone

English Analysis Dec 9, 2024

EUR/GBP remains on the back foot on Monday, retracing further from Thursday’s spike, indicating that the near-term correction (from the 0.8260 low) may be nearing its end. The broader downtrend continues to dominate, supported by firmly…
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Technical Outlook

Gold prices climb due to geopolitical tensions and increased purchases from China

English Analysis Dec 9, 2024

Gold prices edged higher in early Monday trading, opening with a $10 gap up, driven by heightened geopolitical tensions and renewed demand. Investor sentiment shifted towards safety as Syrian rebels seized the capital, Damascus, and…
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Technical Outlook

EUR/USD seeks fresh direction from fundamentals amid mixed technical signals

English Analysis Dec 6, 2024

EUR/USD is consolidating below its new one-week high, reached after a 0.8% jump on Thursday. The recent advance broke through the Fibonacci resistance at 1.0563 (38.2% of 1.0936/1.0332), following a recovery last week that stalled at…
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Technical Outlook

Dollar Index remains subdued ahead of U.S. NFP report release

English Analysis Dec 6, 2024

The dollar index traded within a tight range on Friday morning in anticipation of the U.S. non-farm payrolls (NFP) report but remained under pressure after dropping 0.5% in the previous session. This decline signaled initial bearish…
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Technical Outlook

Bitcoin Breaks the 100K Barrier, Reaching a New Record High at 104K

English Analysis Dec 5, 2024

Bitcoin surged past the monumental 100K mark on Thursday, setting a new all-time high in the 104K zone. A sharp rally of over 6% during the Asian trading session propelled Bitcoin beyond the upper boundary of its recent consolidation…
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Technical Outlook

AUDUSD Drops to Four-Month Low Amid Weak GDP Data and RBA Rate Cut Bets

English Analysis Dec 4, 2024

The Australian dollar fell 1% to hit a four-month low on Wednesday following weaker-than-expected Q3 GDP figures, which dampened the Reserve Bank of Australia’s (RBA) hawkish tone. Economic growth in the third quarter came in…
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Technical Outlook

Bitcoin Slides 2.6% Amid Dollar Strength but Holds Key Support Levels

English Analysis Dec 2, 2024

Bitcoin dropped 2.6% during Asian and European trading on Monday, pressured by a stronger dollar following recent comments from Donald Trump. Despite the dip—the largest in a week—Bitcoin remains above the critical $95,000 support level,…
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Technical Outlook

Dollar Index Rises Amid Shift in Trump Rhetoric, Eyes Key Resistance Levels

English Analysis Dec 2, 2024

The dollar index edged higher on Monday, opening with a gap up as markets reacted to a significant shift in President-elect Donald Trump’s rhetoric. Trump moved from advocating for a weaker dollar to combat trade wars to issuing threats…
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Technical Outlook

USDJPY Breaks Key 150 Support Level Amid Rising BOJ Rate Hike Expectations

English Analysis Nov 29, 2024

The USDJPY slid to a six-week low on Friday, accelerating its decline following a stronger-than-expected rise in Tokyo’s November inflation, which heightened market anticipation of a Bank of Japan rate hike in next month’s policy meeting.…
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Technical Outlook

EUR/USD Dips Slightly After Wednesday’s Rally, Eyes Key Resistance

English Analysis Nov 28, 2024

EUR/USD eased in early Thursday trading, slipping modestly after Wednesday’s robust 0.8% gain, but the dip remained supported by the broken 10-day moving average (1.0524), which has now turned into a support level. Near-Term Outlook and…
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Technical Outlook

Bitcoin Rebounds 3.1% as Correction Shows Signs of Easing

English Analysis Nov 27, 2024

Bitcoin advanced 3.1% in early American trading on Wednesday, recovering from a correction low of 90,732 following a four-day pullback from its record high of 99,807. The rebound gained traction as the decline found solid support above…
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Technical Outlook

USD/JPY Extends Bearish Momentum, Drops 1.1% in Early Trading

English Analysis Nov 27, 2024

USD/JPY continued its downward acceleration for a second consecutive session, falling 1.1% during Asian and European trading hours on Wednesday. The primary drivers of the decline were increased demand for the yen as the month-end and…
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Technical Outlook

Kiwi Dollar Rises 1% After RBNZ’s Smaller-Than-Expected Rate Cut

English Analysis Nov 27, 2024

The New Zealand dollar jumped roughly 1% against the U.S. dollar on Wednesday after the Reserve Bank of New Zealand (RBNZ) announced a 50-basis-point rate cut, falling short of market expectations for a more aggressive 75-basis-point…
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Technical Outlook

EUR/USD Stuck in Narrow Range Amid Indecision, Initial Recovery Signals Emerge

English Analysis Nov 26, 2024

EUR/USD traded within a narrow range early Tuesday, continuing the sideways movement seen on Monday, which resulted in a Doji candle, signaling market indecision. An initial positive signal is forming on the daily chart following last…
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Technical Outlook

Gold Sees Sharp Pullback Amid Profit-Taking and Weakening Sentiment

English Analysis Nov 25, 2024

Gold prices fell more than 2% on Monday, as traders took profits following last week's nearly 6% rally, the biggest weekly gain in almost two years. Weaker sentiment, fueled by easing safe-haven demand, was also a factor. The nomination…
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Economy

German Business Confidence Declines Further in November – Ifo

English Analysis Nov 25, 2024

Data from the Ifo Institute revealed that Germany’s business climate index dropped to 85.7 in November, down from 86.5 in October, falling short of the 86.0 consensus forecast. The stronger-than-expected decline in business morale…
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Technical Outlook

GBP/USD Drops to Multi-Month Low on Weak UK Economic Data

English Analysis Nov 22, 2024

GBP/USD dropped below the 1.2500 mark, hitting a new 6.5-month low on Friday, following disappointing UK retail sales for October and weak November PMI figures. These reports further pressured the pound, compounded by worsening geopolitical…
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Technical Outlook

EUR/USD Remains Within Extended Consolidation Range, but Bears Maintain Control

English Analysis Nov 21, 2024

EUR/USD remains biased to the downside as near-term price action stays within an extended consolidation range above the 13-month low of 1.0495. The upside is capped by strong resistance at the 1.0600 zone, which includes the April 16 low,…
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Technical Outlook

Bitcoin Surges to Record High Above $94K, Signaling Continued Uptrend

English Analysis Nov 20, 2024

Bitcoin reached a new all-time high above $94K on Wednesday, fueled by growing expectations for more crypto-friendly policies under the incoming Trump administration. The break above the top of a seven-day consolidation range has…
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Technical Outlook

USD/JPY – Strong Bullish Momentum Resumes Following Minor Pullback

English Analysis Nov 20, 2024

The USD/JPY gained 0.7% on Wednesday during Asian and European trading, rebounding as concerns over an immediate escalation in the Ukraine conflict began to fade. Dollar strength, driven by continued "Trump trade" momentum, also supported…
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Market News

Gold prices continue to recover, supported by escalating Russia-Ukraine tensions and a weaker dollar

English Analysis Nov 19, 2024

Gold prices climbed on Tuesday, continuing their rebound from two-month lows, as the dollar retreated from recent highs and escalating Russia-Ukraine tensions boosted safe-haven demand. Spot gold rose 0.8% to $2,633.8 an ounce, while…
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Market News

Oil prices remain stable as traders weigh the threat from Russia against the restart of operations…

English Analysis Nov 19, 2024

Oil prices held steady on Tuesday, as traders balanced the partial restart of production at Norway's key Johan Sverdrup oilfield with heightened geopolitical tensions following Russia's revised nuclear threat policy. Brent crude futures…
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Technical Outlook

Gold prices rebound from a two-month low

English Analysis Nov 18, 2024

Bears take a pause after a two-week decline (down 6.5%) from a record high, with gold finding support around the $2540 zone, held by the rising 100-day moving average (DMA). The price rebounded from a two-month low on Monday, as the…
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Technical Outlook

GOLD – Extended Pullback Tests Daily Cloud Base Support

English Analysis Nov 14, 2024

Gold remains under strong selling pressure, extending its steep post-election downtrend to a two-month low on Thursday. Reduced political uncertainty in the US and rising expectations that Trump's economic policies will significantly…
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Technical Outlook

Bitcoin soars to a new record high, surpassing 92K

English Analysis Nov 13, 2024

Bitcoin’s rally continues to gain momentum, surging further after a brief pause on Tuesday, marked by a long-legged Doji candlestick, and reaching a new record high by breaking through the 92K mark. Bullish sentiment remains strong,…
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Economy

US inflation rose as expected in October

English Analysis Nov 13, 2024

In October, US inflation rose by 0.2% month-over-month, consistent with September and meeting forecasts. The annualized inflation rate climbed to 2.6% from 2.4% in September, also aligning with expectations. Core inflation, which excludes…
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Technical Outlook

AUDUSD – consolidating above a three-month low, with potential for further downside; focus shifts to…

English Analysis Nov 13, 2024

AUDUSD remains under pressure for the fourth consecutive day, though Wednesday’s decline slowed, with trading confined to a narrow range just above a three-month low. Daily technical indicators remain bearish, supporting further downside…
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Technical Outlook

Dollar Index – bullish momentum slows ahead of US inflation data

English Analysis Nov 13, 2024

The dollar index maintains a firm stance, holding above the previous peak of 105.79, though near-term trading has quieted early Wednesday in anticipation of a key economic event—today's US inflation data. The recent strong rally driven…
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Technical Outlook

GBPUSD – bears pause following a sharp three-day decline; the broken 200DMA now serves as strong…

English Analysis Nov 13, 2024

The GBPUSD pair is trading within a tight consolidation range in early Wednesday sessions, as bearish momentum eases following a steep three-day decline of 1.85%. Tuesday’s break and close well below key support levels at 1.2846 (76.4%…
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Technical Outlook

Gold drops to a new multi-week low, but bears encounter resistance near the crucial $2600 support…

English Analysis Nov 12, 2024

Gold extended its decline to a new multi-week low on Tuesday, reaching levels not seen since September 20, following Monday’s sharp 2.5% drop. The precious metal remains under pressure in the short term, with a steep downtrend triggered…
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Technical Outlook

Bitcoin breaks through the psychological $90,000 barrier amid post-election optimism, with the…

English Analysis Nov 12, 2024

Bitcoin surged past the psychological $90,000 mark in early Tuesday trading, building on Monday’s 10% rally—the largest daily gain since May 15. Since Trump’s election victory, Bitcoin has maintained strong upward momentum, advancing 30%…
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Technical Outlook

EURUSD – Sharp downtrend continues, hitting a new multi-month low

English Analysis Nov 11, 2024

EURUSD opened the week with a negative tone, dropping 0.7% by early US trading on Monday, following a 0.8% decline on Friday, marking a total loss of 2.7% since Trump's victory announcement on Wednesday. The euro also posted a weekly…
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Technical Outlook

Gold remains in the red as markets await new clues from upcoming U.S. inflation data and comments…

English Analysis Nov 11, 2024

Gold remains on the back foot, staying in the red for the second consecutive day, pressured by a stronger dollar and a reduction in U.S. political uncertainty, which had recently driven safe-haven demand. Additionally, expectations of…
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Technical Outlook

Bitcoin hits a series of new all-time highs on its way to the 90K target, driven by strong demand…

English Analysis Nov 11, 2024

Bitcoin maintains a strong momentum, reaching a new record high above 82K early Monday, following a nearly 5% gain the previous day after breaking the psychological 80K level. The rally was further fueled by euphoria surrounding Trump's…
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Technical Outlook

USDJPY – Bulls reclaim momentum following a pullback, but a break above recent highs is necessary to…

English Analysis Nov 11, 2024

USDJPY regained momentum, bouncing from 152.14, which marked the low of a two-day pullback from multi-week highs. This recovery offsets the bearish signal from the recent bull-trap on the weekly chart, where prices failed to close above the…
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Technical Outlook

EUR/USD – Bears maintain control, but extended consolidation could set the stage for a renewed move…

English Analysis Nov 8, 2024

EUR/USD weakened on Friday as recovery attempts from a fresh multi-month low of 1.0682, reached after Wednesday's 1.7% post-election drop (the biggest daily loss since March 19, 2020), failed to break through the daily Tenkan-sen at 1.0809.…
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Central Banks

The Bank of England cut interest rates as anticipated but may consider slowing the pace of further…

English Analysis Nov 7, 2024

The Bank of England cut interest rates by 25 basis points, lowering them from 5% to 4.75% after an 8-1 vote by the Monetary Policy Committee. This marks the BoE's second rate cut since 2020, and the central bank is expected to proceed…
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Technical Outlook

The dollar retreats from a new multi-month high, likely reflecting positioning ahead of the…

English Analysis Nov 7, 2024

The dollar index pulls back from a new four-month high of 105.33 reached on Wednesday’s sharp rally—the largest daily gain in two years—following news of Trump’s election victory. Partial profit-taking has pushed the dollar lower, but…
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Technical Outlook

GBPUSD – Bears pause after the post-election decline, awaiting the Bank of England’s decision…

English Analysis Nov 7, 2024

GBPUSD edges higher following Wednesday’s 1.1% drop after the US election, signaling an initial recovery as bears face repeated rejection of further downside. The failure to break the Fibonacci support at 1.2846 (76.4% of 1.2664/1.3434)…
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Central Banks

The Fed is expected to lower interest rates by 25 basis points today, but Trump’s victory has…

English Analysis Nov 7, 2024

The US Federal Reserve is expected to cut interest rates by 25 basis points to a range of 4.50%-4.75% at the conclusion of its two-day policy meeting today. While markets still anticipate another rate cut in December, initial…
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Technical Outlook

Bitcoin jumps 9% to a new all-time high as Trump’s victory fuels strong bullish sentiment

English Analysis Nov 6, 2024

Bitcoin led gains in post-election trading on Wednesday, surging 9% in direct response to Trump’s victory. The strong rally pushed prices to a new record high of 75,411 before some profit-taking pulled the price back to 72,700, the lower…
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Uncategorized

US stock indices, the dollar, and bitcoin rise as Trump announces election victory

English Analysis Nov 6, 2024

Republican Donald Trump declared victory in the 2024 presidential election, with projections indicating that Republicans will also regain control of the Senate. Trump expressed his gratitude to the American people for the "extraordinary…
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Technical Outlook

The dollar dips slightly as traders await the initial results from the U.S. election

English Analysis Nov 5, 2024

The dollar edged lower on Tuesday as traders cautiously reduced their exposure ahead of the initial results from the U.S. election. A fresh dip tested Monday’s low of 103.45, though downside momentum remained limited, as bears struggled…
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Technical Outlook

Hawkish RBA propels the Australian dollar toward a critical resistance level

English Analysis Nov 5, 2024

The AUDUSD climbed to a one-week high on Tuesday morning after the RBA maintained interest rates at a 12-year high and adopted a hawkish stance regarding ongoing inflation risks, while remaining prepared to act if the economy weakens…
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Central Banks

The Reserve Bank of Australia maintains interest rates at their highest level in 12 years

English Analysis Nov 5, 2024

The Reserve Bank of Australia (RBA) has kept its cash rate steady at 4.35%, marking a 12-year high, as it continues to address persistent inflation pressures. This decision reflects the RBA’s cautious approach in balancing a strong labor…
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Uncategorized

Final messages to voters from Harris and Trump as America prepares to cast their ballots tomorrow

English Analysis Nov 4, 2024

With just one day remaining before the pivotal U.S. Presidential election, market activity has slowed as investors await the outcome of voters’ decisions. Candidates Donald Trump and Kamala Harris are making their final campaign stops…
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Economy

U.S. nonfarm payrolls sharply declined in October, though economists view the slowdown as temporary

English Analysis Nov 1, 2024

U.S. non-farm payroll data revealed a surprising slowdown, with only 12,000 jobs created in October, well below the forecasted 103,000 and a downward revision in September’s job count from 254,000 to 223,000. The unemployment rate remained…
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Central Banks

The Bank of Japan held interest rates steady, aligning with market expectations

English Analysis Oct 31, 2024

The Bank of Japan is signaling a possible move away from its ultra-easy monetary policy, though it remains cautious on timing rate hikes. At its recent meeting, the BOJ held short-term interest rates at 0.25%, while Governor Kazuo Ueda’s…
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Economy

Eurozone economic growth saw an uptick in Q3, though the overall outlook remains bleak

English Analysis Oct 30, 2024

The eurozone economy expanded more than expected in the third quarter, with GDP growth reaching 0.4%, up from 0.2% in the previous quarter and beating forecasts of 0.2%. Despite this growth, underlying issues such as stagnation in the…
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Technical Outlook

BTCUSD challenges a key resistance zone, driven by rising expectations of a Trump election victory

English Analysis Oct 30, 2024

BTCUSD maintains a firm tone, hovering near its new record high of 73,839 reached in March, after a strong 3.6% surge on Tuesday pushed it above 73K for the first time in seven and a half months, nearing its all-time peak. Bitcoin has…
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Economy

The U.S. goods trade deficit surged to its highest level in two and a half years in September

English Analysis Oct 29, 2024

The U.S. goods trade deficit climbed to a 2.5-year high in September, reaching $108.2 billion, according to the Commerce Department’s Bureau of Economic Analysis. This 14.9% increase, the largest monthly rise since March 2022, reflects a…
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Technical Outlook

Gold – bulls hold steady amid geopolitical tensions and uncertainty around the U.S. election

English Analysis Oct 29, 2024

Gold maintains a strong position, trading just below last week's record high, driven by solid safe-haven demand amid ongoing geopolitical tensions and increasing U.S. election uncertainty. Markets are now focused on upcoming U.S. labor…
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Technical Outlook

Oil opens with a gap down as supply concerns ease following Israel’s strike on Iran

English Analysis Oct 28, 2024

WTI oil opened with a wide gap down on Monday, dropping to nearly one-month lows with a 5% decline at the start of the week. The primary driver was Israel’s weekend strike on Iran, which left Iran’s oil facilities unaffected, easing…
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Economy

German business sentiment improved more than anticipated in October, according to the Ifo Institute

English Analysis Oct 25, 2024

The latest survey from the Ifo Institute shows a surprising boost in German business sentiment, with the Ifo business climate index rising to 86.5 in October, up from September’s 85.4 and beating market expectations of 85.6. This increase…
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Technical Outlook

EURUSD – weaker-than-expected PMI data and a dovish stance from the ECB are likely to hinder ongoing…

English Analysis Oct 24, 2024

The recovery is likely to remain limited, as the pair is entrenched in a broader downtrend driven by both negative technical signals and weak fundamentals. Recent PMI data from the EU, Germany, and France revealed mixed results. French…
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Technical Outlook

AUDUSD – bearish momentum pauses, but a clearer directional signal is anticipated with a breakout on…

English Analysis Oct 24, 2024

AUDUSD edged higher on Thursday morning after bears repeatedly failed to break through the 200-day moving average support at 0.6627. The recovery is in its early stages and requires further upside movement to confirm a stronger bullish…
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Technical Outlook

Dollar climbs higher on a more cautious Fed rate cut outlook

English Analysis Oct 23, 2024

The dollar continues its strong bullish rally for the third straight day, fueled by expectations that a Trump victory in the U.S. presidential election would bolster the economy and ease pressure on the Federal Reserve. Additionally,…
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Technical Outlook

USDJPY climbed 1% in Wednesday morning trading

English Analysis Oct 23, 2024

A strong upward movement during Asian and early European trading on Wednesday saw the USDJPY rise by 1%, reaching new multi-week highs last seen in late July. The recent breach of the psychological 150 barrier was accompanied by a…
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Technical Outlook

EURUSD broke below the 1.08 support level, but bears might pause as oversold conditions emerge

English Analysis Oct 23, 2024

EURUSD slipped below the key psychological level of 1.08, reaching a new multi-week low early Wednesday. The broader bearish trend remains intact, strengthened by the recent formation of a 10/200DMA death cross. A daily close below 1.08…
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Technical Outlook

Cable – bears aim to break through the daily cloud base following a period of consolidation

English Analysis Oct 22, 2024

Cable is currently in an extended consolidation phase around the breached psychological support level of 1.30, as larger bears take a moment to consolidate above key support levels. In the near term, price action remains within the daily…
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Technical Outlook

AUDUSD – The rebound from a new multi-week low must overcome key resistance levels to deter larger…

English Analysis Oct 22, 2024

AUDUSD rebounded from a new six-week low in early trading on Tuesday, as bearish pressure encountered strong support at 0.6645/27 (50% retracement of 0.6348/0.6942 / 200DMA). Recent recovery efforts are testing significant resistance at…
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Technical Outlook

Silver climbs to its highest level in 12 years

English Analysis Oct 21, 2024

Silver prices surged to their highest levels since November 2012 on Monday, following last Friday’s impressive 6.4% daily rally, as the psychological barrier of $34.00 was breached. The metal’s rise was driven by increased safe-haven…
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Technical Outlook

Gold – Increasing global uncertainty drives prices to new record highs

English Analysis Oct 21, 2024

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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Technical Outlook

USDJPY – Breaking key levels to provide new directional signals

English Analysis Oct 21, 2024

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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Technical Outlook

Gold prices have reached a new all-time high, breaking above the key psychological level of $2700…

English Analysis Oct 18, 2024

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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Central Banks

European Central Bank lowers rates once more as inflation subsides and the bloc’s economy…

English Analysis Oct 17, 2024

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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Technical Outlook

The dollar continues to rise as expectations for a cooling in Fed rate cut bets and potential Trump…

English Analysis Oct 17, 2024

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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Technical Outlook

EURUSD is trading close to a multi-week low as the market anticipates a widely expected 0.25% rate…

English Analysis Oct 17, 2024

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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Technical Outlook

AUDUSD hovers near a one-month low as the release of the Australian labor report approaches

English Analysis Oct 16, 2024

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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Technical Outlook

Gold – Bulls maintain control as they aim for a retest of the record high

English Analysis Oct 16, 2024

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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Technical Outlook

GBPUSD falls below 1.30 following weaker-than-expected UK CPI data

English Analysis Oct 16, 2024

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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Economy

UK inflation fell short of expectations in September, reinforcing speculation about a potential rate…

English Analysis Oct 16, 2024

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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Economy

German investor sentiment rebounds, surpassing expectations in October – ZEW

English Analysis Oct 15, 2024

The ZEW Economic Sentiment Index for Germany saw a significant improvement in October, climbing to 13.1 points from 3.6 in September and exceeding forecasts of 10.2 points. This boost in investor confidence was driven by expectations of…
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Technical Outlook

Oil prices declined further due to concerns about demand, although geopolitical factors continue to…

English Analysis Oct 15, 2024

Oil prices extended their steep decline for a second consecutive day, reaching a two-week low early Tuesday, after dropping nearly 4% on Monday. The drop was driven by a weaker demand outlook and indications that Israel will not target…
Read More...

Technical Outlook

Cable exhibits a bearish bias, remaining under the top of the daily cloud

English Analysis Oct 14, 2024

Bears maintain control, keeping the price within the daily cloud for the third consecutive day, with the cloud top providing strong resistance and capping any upward moves. A renewed push below 1.3049 (the 50% retracement of the…
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Technical Outlook

BTC/USD – New bullish momentum has pushed the pair above the 200-day moving average, which had been…

English Analysis Oct 14, 2024

BTC/USD regained momentum on Monday, resuming its bullish trend from the October 10 low of 58,850 after a two-day pause. The fresh push broke through the 200-day moving average (63,302), which had been capping gains for the past two…
Read More...

Technical Outlook

USD/JPY – Staying above a key broken Fibonacci level keeps bullish momentum intact, with potential…

English Analysis Oct 14, 2024

USD/JPY remains poised for gains, pressing against the top of its recent consolidation range in early Monday trading. With a second consecutive weekly bullish close, and last week’s long-tailed candle, market sentiment indicates that…
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Market News

Gold prices rise following the release of CPI data, while copper experiences a surge amid…

English Analysis Oct 11, 2024

Gold prices advanced in Asian trade on Friday, building on overnight gains as strong U.S. inflation data was tempered by a soft labor market report. Meanwhile, copper prices surged sharply, driven by expectations of further fiscal…
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Market News

Oil is on track for a weekly increase amid concerns over potential supply disruptions in the Middle…

English Analysis Oct 11, 2024

Oil prices edged lower on Friday, but remained on track for a second consecutive weekly gain as traders balanced the effects of hurricane damage on U.S. demand with the risk of a broader supply disruption if Israel targets Iranian oil…
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Market News

Gold prices remain steady as CPI data takes center stage, while copper benefits from Chinese…

English Analysis Oct 10, 2024

Gold prices showed little movement in Asian trading on Thursday due to ongoing pressure from a stronger dollar, as attention shifted to important upcoming inflation data for clues on interest rates. In the industrial metals sector,…
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Market News

Oil prices have recovered as Hurricane Milton strikes Florida, while tensions in the Middle East…

English Analysis Oct 10, 2024

Oil prices increased on Thursday, recovering after two consecutive days of significant losses, as attention remains on the ongoing conflict in the Middle East and Hurricane Milton making landfall in Florida. Brent oil futures rose by…
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Market News

Gold prices face pressure due to uncertainty surrounding interest rates, with upcoming cues from the…

English Analysis Oct 9, 2024

Gold prices declined during Asian trading on Wednesday, continuing a downward trend from record highs as market participants increasingly anticipate that the Federal Reserve will implement interest rate cuts at a slower pace in the upcoming…
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Market News

Oil prices edge lower as easing Middle East risk premiums and rising U.S. crude inventories exert…

English Analysis Oct 9, 2024

Oil prices dipped slightly on Wednesday as concerns over demand outweighed the potential supply disruptions from the conflict in the Middle East and Hurricane Milton in the U.S. Brent crude futures were down 0.3% to $76.94 a barrel,…
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Market News

Gold ETFs saw their fifth consecutive month of inflows in September, according to the World Gold…

English Analysis Oct 8, 2024

Global physically backed gold exchange-traded funds (ETFs) experienced their fifth consecutive month of inflows in September, driven by increased holdings in North America, as reported by the World Gold Council (WGC) on Tuesday. These…
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Market News

Oil rally slows as investors await Israel’s response

English Analysis Oct 8, 2024

Oil prices paused on Tuesday as the market awaits Israel's response to last week's Iranian rocket attacks, which had caused a surge in prices due to fears of a broader conflict in the Middle East. Both benchmark contracts saw gains of…
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Market News

Gold prices fall as strong payroll data lowers expectations for a larger rate cut

English Analysis Oct 7, 2024

Gold prices edged lower in Asian trading on Monday, still reeling from a sharp drop after hitting record highs. The decline followed strong U.S. payroll data, which dampened expectations for a large interest rate cut by the Federal Reserve.…
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Market News

Oil prices continue to rise amid concerns of escalating conflict in the Middle East

English Analysis Oct 7, 2024

Oil prices extended their gains on Monday, with Brent crude nearing $80 a barrel, following last week’s sharpest weekly surge since early 2023. This rise is fueled by concerns over escalating Middle East tensions and the potential…
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Technical Outlook

EUR/USD Bears Maintain Control, Pressuring Key 1.10 Support Zone Ahead of US Labor Data*

English Analysis Oct 4, 2024

EUR/USD continues to trade firmly lower on Friday, hovering near its lowest levels in almost a month. Bears are targeting the critical 1.10 support zone, which includes the psychological level, the September 11 higher low, and the 38.2%…
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Technical Outlook

Cable Hits Three-Week Low Due to Dovish Rate Outlook and Disappointing Economic Data

English Analysis Oct 3, 2024

The British pound extended its losses on Thursday, dropping over 1% in the session as pressure mounted following dovish remarks from Bank of England Governor Andrew Bailey. Bailey hinted at the possibility of more aggressive rate cuts,…
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Uncategorized

US Elections 2024 Market Outlook: Potential Effects on Stocks, Commodities, Cryptocurrencies, and…

English Analysis Oct 2, 2024

Key Takeaways - The 2024 US Presidential Election is expected to have a substantial impact on various markets, including stocks, commodities, cryptocurrencies, and the US dollar. - A Trump victory could boost US stocks and…
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Technical Outlook

Crude prices continued to climb, driven by escalating tensions in the Middle East

English Analysis Oct 2, 2024

Oil prices extended their strong rally into a second consecutive day, rising 1.6% during the European session on Wednesday after a 3.45% surge on Tuesday—marking the biggest daily gain since August 12. The price jump was driven by…
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Technical Outlook

Rising demand for safe-haven assets boosts the dollar

English Analysis Oct 2, 2024

The dollar held firm against a basket of major currencies early Wednesday, bolstered by safe-haven demand amid the latest escalation in the Middle East. The greenback’s two-day rebound from the strong 100 support zone pushed it to a…
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Economy

Eurozone inflation dips below the 2% target in September, heightening expectations for another rate…

English Analysis Oct 1, 2024

Eurozone inflation fell to 1.8% in September, down from 2.2% in August, beating expectations of a 1.9% rise. The drop was mainly driven by lower energy costs and stable goods prices. This marks the first time in three years that inflation…
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Market News

Goldman Sachs Raises 2025 Gold Price Forecast to $2,900

English Analysis Oct 1, 2024

Goldman Sachs on Monday increased its gold price forecast for early 2025 to $2,900 per troy ounce (toz), up from its previous estimate of $2,700/toz, citing two key factors driving the upward revision. First, the investment bank expects…
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Market News

Oil prices fell as the potential for increased supply outweighed concerns about tensions in the…

English Analysis Oct 1, 2024

Oil prices dropped by over 2% on Tuesday as expectations of increased supply and weak global demand growth overshadowed concerns about escalating conflict in the Middle East and its potential impact on crude exports from the region.…
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Technical Outlook

The Japanese yen gained 1.3% against the dollar in response to political news and economic data

English Analysis Sep 27, 2024

USD/JPY surged to a three-week high of 146.49 on Friday before dropping sharply by over three figures, driven by speculation that Japan's new prime minister might support further Bank of Japan tightening. This was perceived as a potential…
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Technical Outlook

GOLD – modest pullback from the new record high sets the stage for a final push toward the $2700…

English Analysis Sep 27, 2024

Gold prices eased on Friday after hitting a new record high on Thursday, with end-of-week profit-taking driving the pullback. So far, the dip has been shallow, with a stronger decline unlikely as the market consolidates and positions for…
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Central Banks

The Swiss National Bank lowered interest rates by 0.25%, in line with expectations, and indicated…

English Analysis Sep 26, 2024

The Swiss National Bank (SNB) cut interest rates by 25 basis points to 1% during its Thursday policy meeting, marking the lowest level in over 1.5 years. The move was widely anticipated and aligned with a broader global trend of monetary…
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Technical Outlook

The dollar index held firm on Wednesday, ahead of key U.S. economic data releases and speeches from…

English Analysis Sep 26, 2024

The dollar index held a firm tone early Thursday, following a 0.7% rebound the previous day, as it once again failed to sustain a break below the key psychological 100 support level. The greenback gained momentum from support at the 100…
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Technical Outlook

GOLD – Bulls pause as price takes a breather, with dips expected to be shallow and find support…

English Analysis Sep 25, 2024

Gold eased from its new record high of $2670 early Wednesday, taking a breather after a 1.10% rise on Tuesday, driven by a weaker dollar amid expectations of further aggressive rate cuts from the Fed. The People's Bank of China's…
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Economy

Weaker-than-expected Ifo data signal that the German economy is facing mounting pressure

English Analysis Sep 24, 2024

Data from Germany's Ifo institute, released on Tuesday, revealed that business morale fell more than expected in September, marking the fourth consecutive month of decline. The Ifo business climate index dropped to 85.4 in September, the…
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Technical Outlook

AUD/USD dipped following a less hawkish stance from the RBA, but the broader bullish trend remains…

English Analysis Sep 24, 2024

AUD/USD pulled back from a new multi-month high on Tuesday after the Reserve Bank of Australia (RBA) held rates steady at its policy meeting. Governor Bullock's less hawkish comments dampened expectations for potential policy tightening.…
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Technical Outlook

Weak economic data weigh on the Euro, but the broader bullish trend remains intact

English Analysis Sep 23, 2024

EUR/USD fell sharply on Monday morning following weaker-than-expected German and French PMI data, with Germany's manufacturing PMI dropping to 40.3, signaling recession risks and dampening sentiment. The fresh decline adds to the…
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Technical Outlook

BTC/USD – Bulls may pause after repeated failures to break through the 200-day moving average…

English Analysis Sep 20, 2024

BTC/USD edged higher on Friday, reaching a new three-week high as it attempted to build on Thursday's 4.6% rally. Bitcoin was bolstered by the Fed's rate cut and a dovish shift in global interest rate expectations. The technical outlook…
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Technical Outlook

The Japanese yen weakens as the BoJ keeps interest rates unchanged and signals no urgency for…

English Analysis Sep 20, 2024

USD/JPY surged by more than two figures on Friday after the Bank of Japan left interest rates unchanged and indicated no rush for future hikes, despite borrowing costs remaining very low. This renewed push higher follows Thursday’s…
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Technical Outlook

Gold soars to a new all-time high, surpassing $2600

English Analysis Sep 20, 2024

Gold surged past the psychological $2600 barrier, reaching a new all-time high on Friday morning. This marks a decisive breakout after an initial post-Fed spike tested but failed to sustain a move above this key resistance level. The…
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Central Banks

The Bank of England holds interest rates steady in its September policy meeting

English Analysis Sep 19, 2024

The Bank of England held interest rates steady at 5.0% in its September policy meeting, with an 8-1 vote in favor of maintaining the current rate. This follows the central bank's first rate cut since 2020 last month. UK policymakers also…
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Technical Outlook

The dollar index remains directionless in post-Fed trading

English Analysis Sep 19, 2024

Wide post-Fed market swings suggest the dollar is still searching for direction, with Wednesday’s long-tailed candle and today’s extended upper shadow indicating a continuation of its range-bound, indecisive movement. An initial dip…
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Central Banks

The Fed’s decision to implement a 50 basis point rate cut indicates that inflation is no…

English Analysis Sep 19, 2024

The U.S. Federal Reserve’s decision to lower interest rates by 50 basis points during its September meeting reflects growing confidence in the economic recovery and the continued moderation of inflation. Fed Chair Jerome Powell highlighted…
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Economy

U.S. retail sales saw an unexpected increase last month

English Analysis Sep 17, 2024

In August, U.S. retail sales showed resilience with a 0.1% increase, following an upwardly revised 1.1% surge in July. This unexpected rise indicates that the economy remained solid heading into the third quarter, defying expectations for a…
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Economy

German investor confidence plunges in September – ZEW

English Analysis Sep 17, 2024

The recent decline in German investor sentiment, as reported by the ZEW economic research institute, highlights growing pessimism about the country’s economic outlook. The economic sentiment index fell sharply to 3.6 in September, down from…
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Technical Outlook

Gold pauses below its new record high as markets await the Fed rate decision

English Analysis Sep 17, 2024

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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Technical Outlook

Euro extends gains as the dollar weakens further

English Analysis Sep 16, 2024

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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Technical Outlook

USD/JPY drops to its lowest level in over a year following the breach of key support levels.

English Analysis Sep 16, 2024

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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Technical Outlook

Gold continues its strong rally, reaching uncharted levels as it nears the $2600 mark.

English Analysis Sep 13, 2024

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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Technical Outlook

Dollar index looks to Fed decision for new direction signals

English Analysis Sep 13, 2024

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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Technical Outlook

USDJPY – Bears Maintain Control and Break Through Key Support Zone

English Analysis Sep 13, 2024

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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Central Banks

The ECB cuts interest rates by 0.25%, meeting expectations, but offers no guidance on future actions

English Analysis Sep 12, 2024

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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Technical Outlook

EURUSD Remains Steady Ahead of ECB Decision

English Analysis Sep 12, 2024

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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Technical Outlook

Cable breaks through key 1.30 support level following US inflation data

English Analysis Sep 11, 2024

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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Economy

US CPI remained steady in August, though underlying inflation pressures persist

English Analysis Sep 11, 2024

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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Technical Outlook

USDJPY: Key Support Levels Facing Pressure

English Analysis Sep 11, 2024

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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Technical Outlook

Gold prices approach a record high as markets await US inflation data

English Analysis Sep 11, 2024

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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Economy

China’s exports in August exceeded expectations, but weaker imports dampened overall…

English Analysis Sep 10, 2024

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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Technical Outlook

EURUSD encounters strong resistance once again at key Fibonacci support

English Analysis Sep 10, 2024

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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Technical Outlook

The dollar regained momentum following mixed US labor data, as attention shifts to the upcoming CPI…

English Analysis Sep 9, 2024

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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Technical Outlook

WTI Oil – Bears Take a Breather Following Last Week’s 7.3% Decline

English Analysis Sep 9, 2024

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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Technical Outlook

Gold remains range-bound, awaiting US inflation data for new direction signals

English Analysis Sep 9, 2024

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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Economy

US job growth picked up pace in August but fell short of expectations – Nonfarm Payrolls (NFP)

English Analysis Sep 6, 2024

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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Economy

German industrial production unexpectedly declines in July, raising concerns over a potential…

English Analysis Sep 6, 2024

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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Technical Outlook

Bitcoin – Bears strengthen their hold, reinforcing emerging reversal signals

English Analysis Sep 6, 2024

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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Technical Outlook

GOLD – Bulls regain momentum as focus shifts to US jobs data for short-term direction

English Analysis Sep 5, 2024

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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Technical Outlook

USD/JPY drops to a one-month low as market sentiment worsens ahead of this week’s key economic…

English Analysis Sep 5, 2024

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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Economy

U.S. job openings unexpectedly declined in July, according to the JOLTS report

English Analysis Sep 4, 2024

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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Technical Outlook

Gold: Preparing for a deeper correction or setting up for a fresh rally? All eyes on the U.S. labor…

English Analysis Sep 4, 2024

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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Technical Outlook

WTI oil price drops below $70, reaching a new low for 2024

English Analysis Sep 4, 2024

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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Economy

U.S. manufacturing improved in August, but the overall outlook remains weak

English Analysis Sep 3, 2024

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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Technical Outlook

Australian dollar declines on disappointing economic data

English Analysis Sep 3, 2024

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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Technical Outlook

Dollar Index – bulls lose momentum but maintain control as markets anticipate the release of U.S.…

English Analysis Sep 2, 2024

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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Technical Outlook

GBPJPY – Testing above the pivotal 200DMA is providing an early signal of bullish continuation

English Analysis Sep 2, 2024

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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Technical Outlook

Oil prices remain under pressure due to demand concerns and an increase in OPEC production.

English Analysis Sep 2, 2024

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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Economy

U.S. inflation edges up, and consumer spending accelerates in July

English Analysis Aug 30, 2024

The U.S. personal consumption expenditures (PCE) price index, closely monitored by the Federal Reserve as its preferred inflation gauge, rose 0.2% in July, following a 0.1% increase in June, aligning with forecasts. The annualized PCE price…
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Technical Outlook

Gold is trading within a narrow range but maintains a firm tone ahead of the release of the key U.S.…

English Analysis Aug 30, 2024

Gold maintains a firm tone, trading near its all-time high on Friday as it awaits the release of the U.S. PCE inflation data later today for fresh cues. The metal remains well-supported by strong demand—both as a safe haven and…
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Technical Outlook

Dollar Index – Bears pause for a limited correction ahead of key U.S. data releases.

English Analysis Aug 29, 2024

The dollar index extended its recovery for a second consecutive day, supported by short covering as it approaches key support levels in the 100.29/21 zone (December 2023 low and 200-week moving average). Oversold conditions on the daily…
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Technical Outlook

EUR/GBP – The sharp bearish move may pause near support at the base of the daily cloud

English Analysis Aug 27, 2024

EUR/GBP broke below the Fibonacci support at 0.8439 (76.4% retracement of the 0.8382/0.8624 rally) and is now testing the strong support at 0.8424 (base of the thick daily cloud) as it extends a five-day steep decline from the…
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Technical Outlook

XAU/USD’s extended consolidation is expected to set the stage for a fresh upward acceleration.

English Analysis Aug 27, 2024

Gold edged lower on Tuesday morning after a two-day rally brought prices close to a new record high of $2,531. Traders are cautious, keeping the metal in an extended consolidation, though demand remains robust due to a weaker dollar…
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Technical Outlook

WTI oil prices extend their rally for a third consecutive day, driven by supportive fundamentals

English Analysis Aug 26, 2024

The recovery from the $71.46 low (August 21) has extended into a third consecutive day, accelerating on Monday following reports of a near-complete halt in oil production in Libya due to escalating political tensions. This development…
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Technical Outlook

USD/JPY could see further declines as the corrective phase appears to be complete

English Analysis Aug 26, 2024

USD/JPY fell to a three-week low on Monday, hitting the 76.4% Fibonacci retracement of the 141.68/149.40 corrective upswing, reinforcing signals that the correction within the broader downtrend is nearing completion. Last week’s sharp…
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Technical Outlook

GBP/USD – Major bulls may pause before continuing their rally

English Analysis Aug 26, 2024

GBP/USD pulled back from its highest level since March 2022 on Monday, signaling that bulls might take a breather after a 3.6% rally over the past two weeks and a strong bullish surge last Friday (nearly a 1% daily gain). Overbought…
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Technical Outlook

The EUR/USD aims to retest its 2023 high following a shallow correction

English Analysis Aug 26, 2024

The EUR/USD broke above the 1.1200 level after a 0.75% rally on Friday—the largest daily gain since August 2—reaching a new high for 2024 early Monday. Bullish momentum remains strong following a two-week advance, putting the pair on…
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Technical Outlook

The dollar faced broad selling pressure following new dovish signals from Powell.

English Analysis Aug 23, 2024

The US dollar weakened broadly on Friday following the highly anticipated speech by Fed Chair Powell at the Jackson Hole symposium. Although Powell did not specify the magnitude or pace of potential rate cuts, he reaffirmed that the Federal…
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Technical Outlook

Gold – Near-Term Sentiment Strengthens Ahead of Key Event: Powell’s Speech at Jackson Hole

English Analysis Aug 23, 2024

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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Technical Outlook

US Dollar Index: Bears Pause Ahead of Fed Chair Powell’s Speech

English Analysis Aug 22, 2024

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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Central Banks

FOMC minutes indicate the Fed remains on course for a rate cut in September

English Analysis Aug 22, 2024

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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Technical Outlook

EUR/USD bulls are pausing below the new 2024 high, awaiting fresh cues from the Fed

English Analysis Aug 21, 2024

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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Technical Outlook

WTI oil prices are entering a corrective phase following a sharp decline

English Analysis Aug 21, 2024

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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Technical Outlook

Gold prices are consolidating just below their new record high as markets await the FOMC minutes

English Analysis Aug 21, 2024

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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Technical Outlook

GBP/USD climbs above 1.30 for the first time since mid-July

English Analysis Aug 20, 2024

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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Technical Outlook

USD Index Slips to Multi-Month Low as Focus Shifts to FOMC Minutes and Fed Chair Powell’s Speech

English Analysis Aug 20, 2024

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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Technical Outlook

EUR/USD: Bulls Maintain Control for Continued Gains; Shallow Correction Expected Before New Upsurge

English Analysis Aug 20, 2024

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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Central Banks

China keeps key lending benchmarks unchanged as anticipated

English Analysis Aug 20, 2024

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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Technical Outlook

AUD/USD continues to climb ahead of the FOMC minutes and Powell’s speech at the Jackson Hole…

English Analysis Aug 19, 2024

AUD/USD climbed to its highest level in nearly a month on Monday, building on Friday’s 0.9% gain and a 1.5% rise last week. The pair is now in its third consecutive week of strong gains, with the recent acceleration driven by…
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Technical Outlook

The Japanese yen regains momentum against the dollar amid renewed expectations of a dovish stance…

English Analysis Aug 19, 2024

USD/JPY extends its decline on Monday, signaling that the corrective phase from the 141.68 low (August 5 spike) may be coming to an end. The rally from 141.68 faced repeated resistance at the key Fibonacci level of 149.36 (38.2%…
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Technical Outlook

The dollar stays on the defensive as expectations grow for a dovish stance from the Fed.

English Analysis Aug 19, 2024

The dollar index remains deep in negative territory in early Monday trading, extending Friday’s 0.93% decline and breaking key support at 101.94 (the August 5 low, marking an eight-month low). The dollar weakened broadly amid renewed…
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Technical Outlook

EUR/USD: Break Above 1.10 Strengthens Bullish Outlook, Limited Pullbacks Expected

English Analysis Aug 19, 2024

EUR/USD maintains a strong tone at the start of the week, extending gains above the key 1.10 psychological level after closing above it last week for the first time since late December. Bulls also cleared the 1.1012 Fibonacci resistance…
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Technical Outlook

Gold reaches a new all-time high of $2,500

English Analysis Aug 16, 2024

Gold surged on Friday, reaching a record high of $2,500 as fresh market turbulence boosted demand. Stronger-than-expected U.S. economic data outweighed the impact of a much weaker July jobs report, brightening the economic outlook.…
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Technical Outlook

The pound climbs above 1.2900 on strong economic data

English Analysis Aug 16, 2024

The pound reached its highest level since July 25 on Friday, driven by improved risk sentiment following positive U.S. economic data on Thursday, including jobless claims and retail sales, as well as strong UK retail sales that eased…
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Technical Outlook

UK Economy Grows as Expected in Q2

English Analysis Aug 15, 2024

The latest data on the UK economy shows steady growth in the second quarter of 2024, with GDP expanding by 0.6%, aligning with economists' expectations. This growth follows a stronger 0.7% rebound in the first quarter, which…
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Economy

China’s Industrial Production Slows, Intensifying Recovery Concerns

English Analysis Aug 15, 2024

China's latest economic data highlights the uneven nature of its recovery, with industrial production slowing for the third straight month in July while the consumer sector shows signs of improvement. Industrial output grew by 5.1%…
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Economy

U.S. inflation sees moderate increase in July

English Analysis Aug 14, 2024

U.S. inflation rose moderately in July, with the annual rate dropping below 3% for the first time since early 2021, reinforcing expectations that the Federal Reserve might cut interest rates next month. The Consumer Price Index (CPI)…
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Technical Outlook

AUDUSD remains strong ahead of US inflation data

English Analysis Aug 14, 2024

AUDUSD remains constructive, consolidating Tuesday’s 0.80% advance. Although the RBNZ’s 25 basis point rate cut this morning negatively impacted the Aussie dollar, the dips were limited by strong near-term bullish sentiment driven…
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Technical Outlook

Cable retreats on weaker-than-expected UK data; attention turns to US inflation

English Analysis Aug 14, 2024

Cable dropped 0.35% following weaker-than-expected UK inflation data for July. Despite the BoE's anticipation of rising inflation after CPI held at the 2% target for two months, the disappointing July figure has heightened expectations…
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Economy

UK inflation rises less than expected in July

English Analysis Aug 14, 2024

Inflation in Great Britain rose to 2.2% in July, up from the BoE’s 2% target for the previous two months, but came in below economists' expectations. Services inflation, which is closely monitored by the Bank of England, decreased to 5.2%…
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Economy

German investor sentiment drops significantly in August – ZEW

English Analysis Aug 13, 2024

A report from the German ZEW economic research institute, released on Tuesday, revealed a sharp decline in investor sentiment in August. The ZEW economic sentiment index dropped to 19.2 points, down from 41.8 in July, significantly missing…
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Technical Outlook

EURUSD trades quietly, awaiting economic data for fresh direction

English Analysis Aug 13, 2024

EURUSD remains within a narrow range, capped by Fibo resistance at 1.0933 (61.8% retracement of 1.1139/1.0601), as markets await this week’s key event—the US inflation report. The upcoming release of German ZEW economic sentiment for…
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Technical Outlook

BTCUSD – mixed signals, downside remains exposed below the 60K threshold

English Analysis Aug 12, 2024

BTCUSD firmed up on Monday, recovering part of Friday’s losses, but upside attempts remain capped by the key psychological 60K barrier, suggesting gains might be short-lived. The near-term outlook maintains a slight bullish bias while…
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Technical Outlook

AUDUSD Boosted by Renewed Risk Appetite, Retests Key Resistance Zone

English Analysis Aug 12, 2024

AUDUSD climbed 0.5% in Asian and European trading on Monday, fully reversing Friday's decline and signaling a potential bullish continuation. The fresh surge tested critical resistance in the 0.6600 zone, where the 200/100DMA convergence…
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Technical Outlook

Gold – Bulls Maintain Control Ahead of Key US Inflation Data

English Analysis Aug 12, 2024

Gold remains on a strong footing, edging higher in early Monday trading and extending its recovery for the third consecutive day. The yellow metal has regained ground after last week's sharp decline, bolstered by increasing signs that…
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Technical Outlook

Oil prices climb for the third consecutive day amid improving sentiment

English Analysis Aug 9, 2024

WTI oil prices climbed for the third consecutive day, driven by improved sentiment as recession fears and demand concerns eased, coupled with a larger-than-expected draw in US crude inventories. Better-than-expected US jobless claims…
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Technical Outlook

GBPUSD – Bullish Momentum Sustained Above Rising Daily Cloud

English Analysis Aug 9, 2024

GBPUSD stays on the front foot, extending its recovery on Friday morning after breaking and closing above the top of the rising daily cloud. Diminishing fears of a US recession and strong Chinese economic data have revived risk…
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Technical Outlook

EURGBP – 200DMA Currently Containing Pullback from Multi-Week High

English Analysis Aug 9, 2024

EURGBP extended its pullback on Friday, sliding further from the new 3½-month high of 0.8624 reached the previous day. The fresh decline breached the pivotal 200DMA at 0.8555, and a sustained break below this level could reinforce…
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Technical Outlook

AUDUSD – Daily Chart Shows Emerging Reversal Signal

English Analysis Aug 8, 2024

AUDUSD regained momentum and climbed higher on Thursday, countering the negative impact from Wednesday’s strong rejection just below the base of the rising daily cloud. Several indicators suggest the pair is attempting to form a base and…
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Technical Outlook

Gold Rebounds as Market Stabilizes, Fed Rate Cut Speculation Supports Bullish Outlook

English Analysis Aug 8, 2024

Gold regained traction on Thursday, bouncing back after a sharp decline in recent days. This fresh strength indicates that the market is stabilizing following a turbulent period, with broader bullish trends poised to regain…
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Technical Outlook

Dollar Index Dips in European Trading Amid Waning Bounce and Dovish Fed Expectations

English Analysis Aug 8, 2024

The dollar index ticked lower during European trading on Thursday, as the bounce from Monday's eight-month low of 101.94 began to lose momentum. The daily chart presents a weak outlook with moving averages in bearish configuration and…
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Technical Outlook

EUR/USD Edges Higher, Eyeing Key Resistance to Confirm Reversal

English Analysis Aug 8, 2024

EUR/USD inched higher during Asian and early European trading on Thursday, suggesting that the pullback from Monday’s spike high of 1.1009 may be coming to an end. The formation of a higher base around the 1.0900 zone supports a positive…
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Technical Outlook

USD/JPY Rises on Dovish BOJ, Awaiting Confirmation of Initial Reversal Signal

English Analysis Aug 7, 2024

USD/JPY surged higher on Wednesday as traders took profits from the steep fall of the past few days, driven by risk aversion that had boosted demand for the safe-haven yen. The Japanese currency had made an impressive rally of 8.5%…
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Technical Outlook

AUD/USD Recovery Gains Momentum After Hawkish RBA and Dovish BOJ

English Analysis Aug 7, 2024

AUD/USD has picked up momentum on Wednesday following Monday’s spike low at 0.6348, the lowest level since early November 2023. The Australian dollar has benefited from the hawkish stance of the Reserve Bank of Australia (RBA) on…
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Technical Outlook

GBP/USD: Limited Potential for Recovery Above Daily Cloud

English Analysis Aug 7, 2024

Cable started to gain traction and edged higher on Wednesday morning after its recent drop penetrated the rising daily cloud (cloud top at 1.2702) but found firm support at 1.2682 (100 DMA), where dips were repeatedly rejected. The…
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Technical Outlook

EUR/CHF Edges Higher Amid Signs of Improving Risk Appetite

English Analysis Aug 7, 2024

EUR/CHF edged higher in early trading on Wednesday, reflecting initial signals that risk appetite is gaining traction. The pair rebounded from a new multi-year low, which had been driven by a surge in risk aversion over the past few days…
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Central Banks

Reserve Bank of Australia Maintains Rates, Highlights Persistent Inflation Risks

English Analysis Aug 6, 2024

The Reserve Bank of Australia (RBA) kept rates unchanged during its policy meeting on Tuesday and ruled out the possibility of an interest rate cut this year. The RBA maintained rates at a 12-year high of 4.35% for the sixth…
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Technical Outlook

WTI Oil Price Drops Amid Fresh Demand Concerns and Recession Fears

English Analysis Aug 5, 2024

WTI oil prices came under pressure due to fresh demand concerns stemming from talks about a potential US recession, as disappointing US economic data support this scenario. This offset calming reassurances from US officials that the economy…
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Technical Outlook

Gold Drops Nearly 3% Amid Market Volatility

English Analysis Aug 5, 2024

Gold fell nearly 3% on Monday, primarily due to increased market volatility as traders liquidated profitable positions in gold to cover margin call shortages from losses in the stock markets. Despite today's significant drop, which marks…
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Technical Outlook

EUR/GBP: Rally Loses Momentum After Fresh Three-Month High

English Analysis Aug 5, 2024

EUR/GBP's strong three-day rally, which saw the cross rise by 2.1%, began to lose momentum after reaching a fresh high of nearly three months on Monday (0.8596). Overbought daily indicators suggest that partial profit-taking may occur…
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Technical Outlook

BTC/USD Collapses on Monday Amid Fresh US Recession Fears and Escalating Geopolitical Tensions

English Analysis Aug 5, 2024

BTC/USD plunged sharply during the Asian session on Monday, dropping by 10.7% and falling below the psychological 50K level for the first time since mid-February, reaching a new multi-month low. Mounting fears of a potential US recession…
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Technical Outlook

USD/JPY Falls Sharply, Hitting Lowest Level Since Early January

English Analysis Aug 5, 2024

USD/JPY experienced a significant drop overnight, reaching its lowest point since early January, and continuing its steep decline from the 155.21 high for the fifth consecutive day. The pair fell by 3.3% during the Asian session on…
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Economy

US Job Growth Falls Short of Expectations in July – NFP

English Analysis Aug 2, 2024

The recent US job growth data for July paints a concerning picture of the labor market, with nonfarm payrolls increasing by only 114,000 jobs, significantly below economists’ expectations of 176,000. This follows a downwardly revised…
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Technical Outlook

USDJPY Declines Further on Disappointing NFP Data

English Analysis Aug 2, 2024

USDJPY fell sharply, down 1% in immediate reaction to US jobs data, after July's Nonfarm Payrolls (NFP) came in well below expectations at 114K versus the forecasted 176K, with June's figure revised down to 179K from the initial 206K.…
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Technical Outlook

GBPJPY Reaches New Multi-Week Low

English Analysis Aug 2, 2024

GBPJPY Extends Decline, Hits Lowest Levels Since Mid-March Amid Yen Strength and BoE Rate Cut GBPJPY continued its downward trend and reached its lowest levels since mid-March during the European session on Friday. The pair remains in…
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Technical Outlook

GBPUSD Remains in Red; Bears Face Resistance at Daily Cloud Top, Awaiting US Labor Data for Fresh…

English Analysis Aug 2, 2024

Cable Remains in the Red Early Friday; Bears Face Resistance at Daily Cloud Top, Awaiting US Labor Data GBPUSD continued to decline on Friday morning, following a 0.9% drop on Thursday, marking the biggest daily loss since…
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Technical Outlook

Gold – Bulls Might Pause Before Final Push to Record High; Focus on US Jobs Data

English Analysis Aug 1, 2024

Gold prices climbed to a two-week high of $2462 on Thursday but showed signs of potential stall, as recent gains from $2353 formed a long-legged Doji on the daily chart. The overbought conditions suggest that bulls might pause before…
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Technical Outlook

GBPUSD – Minimal Downside Impact from BOE Rate Cut

English Analysis Aug 1, 2024

Cable traded erratically with only a minor decline following the BOE rate cut but regained momentum after US jobless claims came in much higher than expected. The pair bounced back above the 1.2800 mark after dropping to a…
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Central Banks

Bank of England Cuts Interest Rates to 5%, Citing Eased Inflation

English Analysis Aug 1, 2024

The Bank of England cut interest rates by 25 basis points to 5% on Thursday, aligning with forecasts, after British consumer price inflation returned to the BoE’s 2% target in May and remained there in June, down from a multi-decade high of…
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Technical Outlook

USDJPY Hits Lowest Level Since March Amid Diverging Fed and BoJ Policies

English Analysis Aug 1, 2024

USDJPY continues its steep decline, breaking through the psychological 150 support and reaching its lowest level since mid-March in early Thursday trading. The dollar was weakened by a dovish Federal Reserve, which kept interest rates…
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Technical Outlook

GBPJPY Extends Steep Downtrend Amid BOJ Rate Hike and BoE Cut Expectations

English Analysis Jul 31, 2024

GBPJPY dropped 1.7% on Wednesday, continuing its steep downtrend and heading for the biggest daily drop since July 12, 2023. This decline follows the Bank of Japan's rate hike, which further strengthened the yen, while the sterling remains…
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Technical Outlook

EURUSD Rebounds on Higher EU Inflation and Weaker US Payrolls Ahead of FOMC Decision

English Analysis Jul 31, 2024

EURUSD rebounded on Wednesday after repeatedly testing the 1.0800 support zone (50% retracement of the 1.0666/1.0948 rally / daily Kijun-sen), indicating the formation of a bear trap. The fresh gains were driven by higher-than-expected…
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Economy

Euro Zone Inflation Rises Unexpectedly in July

English Analysis Jul 31, 2024

Euro zone inflation unexpectedly rose in July, ticking up to 2.6% from 2.5% in June, surpassing forecasts that anticipated an unchanged rate. The core CPI, the ECB’s key measure of underlying price growth that excludes volatile components…
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Technical Outlook

USDJPY Drops Sharply After BoJ Rate Hike and Bond-Buying Plan

English Analysis Jul 31, 2024

The USDJPY accelerated lower in early European trading on Wednesday following the Bank of Japan's decision to raise interest rates from 0.10% to 0.25% and unveil a plan to halve its bond-buying program. This move boosted the yen's…
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Central Banks

Bank of Japan’s Rate Hike Signals Major Shift in Monetary Policy

English Analysis Jul 31, 2024

The Bank of Japan’s unexpected decision to raise interest rates and reduce its massive bond-buying program marks a significant shift in its monetary policy stance. This move has various immediate and…
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Technical Outlook

Dollar Index Surges on Strong US Data

English Analysis Jul 30, 2024

The dollar index climbed to a three-week high on Tuesday, boosted by stronger-than-expected US JOLTS data and consumer confidence figures. These solid numbers reinforce the view that the US economy remains resilient, providing fresh…
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Technical Outlook

AUDUSD Consolidates Around Key Support Levels

English Analysis Jul 30, 2024

AUDUSD remains in extended consolidation around the base of a thick daily cloud (0.6538) and above the pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep decline over the past nine days. While the bears take a…
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Technical Outlook

EURUSD Attempts Recovery After Monday’s Fall

English Analysis Jul 30, 2024

EURUSD edged higher on Tuesday morning after Monday's significant drop was cushioned by strong support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and failed to close below the converged 55/200DMA’s…
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Technical Outlook

BTCUSD Rises on Dovish Central Banks and Pro-Crypto Remarks from Trump

English Analysis Jul 29, 2024

BTCUSD surged on Monday, climbing 2.8% by early US trading, buoyed by dovish positions from major central banks and comments from Republican presidential candidate Donald Trump, who pledged more favorable regulations for the crypto…
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Technical Outlook

Sterling Weakens Amid BoE Rate Cut Speculations

English Analysis Jul 29, 2024

The British pound continued to decline at the start of the week following a brief consolidation on Friday. Current market bets indicate a 60% chance of a rate cut by the Bank of England at Thursday's policy meeting, putting…
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Technical Outlook

WTI Oil Opens Higher Amid Middle East Tensions, Faces Technical Resistance

English Analysis Jul 29, 2024

WTI oil opened higher on Monday due to escalating supply concerns following the latest developments in the Middle East conflict, which threaten to deepen the crisis. The price rebounded from last week’s low, retracing approximately 50%…
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Economy

US PCE Price Index Rises Slightly in June, Supporting Expectations for Fed Rate Cuts

English Analysis Jul 26, 2024

The US personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge for monetary policy, edged up by 0.1% in June following a flat reading in May. On an annualized basis, the PCE price index increased…
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Technical Outlook

Gold Price Rises on Friday Amid Profit-Taking and Anticipation of US Data

English Analysis Jul 26, 2024

Gold prices increased on Friday as traders took profits from a sharp decline over the past two days, which saw a nearly 3% drop. The significant downturn on Thursday was triggered by strong US Q2 GDP numbers. The top of the daily…
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Technical Outlook

USD/JPY Maintains Slight Bullish Bias Amid Potential Reversal Signs

English Analysis Jul 26, 2024

USD/JPY held a slight bullish bias on Friday, hinting at a potential reversal after Thursday's larger bearish movement stalled. This led to the formation of a long-tailed Doji candlestick, bouncing from a new multi-week low and creating a…
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Technical Outlook

Dollar Index Edges Higher Ahead of Key Inflation Data

English Analysis Jul 26, 2024

The dollar index rose slightly on Friday morning, remaining within a volatile range for the sixth consecutive day. The long tails on the daily candles over the past two days and consistent closes above the upward-turning 10-day…
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Economy

US Economy Exceeds Expectations in Q2 – GDP Report

English Analysis Jul 25, 2024

The US economy's acceleration in the second quarter of 2024, paired with easing inflation, presents a multifaceted scenario for policymakers and financial markets. GDP growth at an annualized rate of 2.8%,…
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Technical Outlook

AUDUSD – Sharp Downtrend Breaks Below Thick Daily Cloud Base

English Analysis Jul 25, 2024

The steep decline in AUDUSD extends into its ninth consecutive day, accelerating on Thursday with a drop of 0.85% during the Asian and European sessions. The pair has reached its lowest levels since early May and is on track for…
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Technical Outlook

EURJPY Drops to Multi-Week Low After Breaking Key Support

English Analysis Jul 25, 2024

EURJPY continued its sharp decline into the fifth consecutive day, reaching an 11-week low early Thursday with a 1% drop during the Asian session. Recent interventions by Japanese authorities have…
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Technical Outlook

Oil prices fell nearly 2%, but key support levels remain intact

English Analysis Jul 16, 2024

WTI oil prices fell nearly 2% on Tuesday, marking the biggest daily loss since June 3, as growing concerns about weaker demand from China and signals of a Fed rate cut in September dampened sentiment. Fresh bearish action pushed prices…
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Economy

US retail sales remained flat in June, surpassing the negative forecast

English Analysis Jul 16, 2024

The unchanged retail sales in June, despite expectations of a decline, indicate a stronger underlying trend in consumer spending, which could positively influence economic growth estimates for the second quarter. This stable performance…
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Technical Outlook

USDJPY could decline further if US retail sales miss expectations in June

English Analysis Jul 16, 2024

USDJPY remains in an extended consolidation phase following last week’s sharp fall, triggered by US inflation data and intervention by Japanese authorities. The near-term action is holding above the 55-day moving average (157.55), which…
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Technical Outlook

Gold advances further on Powell’s dovish comments

English Analysis Jul 16, 2024

Gold prices rose further in early Tuesday trading following dovish comments from Fed Chair Powell in his Monday speech. This has heightened expectations that the Fed may soon decide to start cutting interest rates. Powell…
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Technical Outlook

The Dollar Index remains in the red as markets await Powell’s speech

English Analysis Jul 15, 2024

The dollar index turned red on Monday after initially opening higher due to market reactions to the assassination attempt on former President Donald Trump. However, dollar-negative sentiment prevailed during the European and early…
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Technical Outlook

The cable is holding near the 1.30 barrier ahead of Powell’s speech

English Analysis Jul 15, 2024

The cable maintained its strong stance on Monday, hitting a new yearly high and trading just below the psychological barrier of 1.30. Over the past two weeks, the pair has made significant gains, although bulls may face…
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Economy

China’s economic growth slowed in Q2, highlighting the need for additional stimulus measures

English Analysis Jul 15, 2024

China’s economy grew by 4.7% in the second quarter, marking the slowest pace of growth since Q1 2023. This is a decline from the 5.3% expansion in the first three months of 2024 and falls short of the expected 5.1% growth. The…
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Technical Outlook

Bitcoin surges to a two-week high on Monday

English Analysis Jul 15, 2024

BTCUSD surged nearly 5% in early Monday trading, breaking above the $63K barrier for the first time in two weeks. The fresh rally extends into its third consecutive day, accelerating higher after the weekend's assassination…
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Technical Outlook

EURUSD – bulls maintain momentum for further gains

English Analysis Jul 12, 2024

EURUSD continues to trend higher, showing minimal negative impact from hotter-than-expected US PPI data (June 0.2% m/m vs 0.1% forecast and 0.0% in May). The latest bullish leg extends into its third consecutive day, pressuring…
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Technical Outlook

The dollar index is consolidating above its one-month low, with prospects for further losses

English Analysis Jul 12, 2024

On Friday, the dollar index remained defensive, consolidating below a new one-month low of 103.74 set after Thursday’s 0.8% decline. The weaker-than-expected US CPI data for June deflated the greenback, increasing expectations…
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Technical Outlook

Gold may continue to rally following US CPI data, which has increased expectations for a Fed rate…

English Analysis Jul 12, 2024

Gold prices eased from a new seven-week high on Friday morning as traders took profits following Thursday’s 1.9% rally, sparked by US CPI data. The yellow metal received a fresh boost from cooler-than-expected US inflation,…
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Technical Outlook

Gold prices climb on renewed rate cut expectations; US inflation data in the spotlight

English Analysis Jul 10, 2024

Gold prices rose on Wednesday, buoyed by recent comments from Fed Chair Powell that rekindled expectations of a rate cut after several delays in the start of policy easing. Powell's testimony on Tuesday hinted that the central bank…
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Technical Outlook

The Turkish lira is expected to decline further as ultra-high interest rates have had little…

English Analysis Jul 10, 2024

USD/TRY – Fresh advance after a shallow correction reclaims the 33 mark and approaches the new record high of 33.13 set on June 25. The lira remains under strong pressure due to high inflation (over 70%) and a significant trade deficit.…
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Technical Outlook

NZD Drops 1% Following Dovish RBNZ Announcement

English Analysis Jul 10, 2024

NZDUSD fell sharply on Wednesday morning, down nearly 1%, pressured by the Reserve Bank of New Zealand’s dovish stance. The central bank kept interest rates steady at 5.5%, as expected, but signaled the possibility of rate cuts if…
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Technical Outlook

WTI Oil – Correction Expected to Find Firm Support Around $80 Zone

English Analysis Jul 9, 2024

WTI oil prices are easing for the third consecutive day, correcting lower from a new multi-week high of $84.50, the highest level since mid-April. Bulls lost traction after the hurricane's milder-than-expected impact on oil installations…
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Technical Outlook

GBPUSD – Bulls Pause Ahead of Powell’s Remarks

English Analysis Jul 9, 2024

Cable is trading within a narrow range just below a new multi-week high during European trading on Tuesday, as markets anticipate today's key event – Fed Chair Powell's testimony. The long upper shadow of Monday’s daily candle and…
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Technical Outlook

BTCUSD – Major Bears Pause, Consolidation Limited by 200DMA

English Analysis Jul 8, 2024

The larger bears are taking a breather for the fourth consecutive day, holding above the lowest levels since late February. The technical picture on the daily chart remains firmly bearish, with consolidation being capped by the 200 DMA,…
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Technical Outlook

EURUSD – Bullish Outlook Above Daily Cloud

English Analysis Jul 8, 2024

EURUSD opened lower on Monday but quickly rebounded as larger bulls regained control, pushing the price towards last Friday’s multi-week high of 1.0842. The dip was contained by the psychological support at 1.0800, which also…
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Economy

The US economy added slightly more jobs than expected in June, but the unemployment rate rose above…

English Analysis Jul 5, 2024

The closely watched employment report from the US Labor Department’s Bureau of Labor Statistics revealed that US Nonfarm payrolls increased by 206,000 jobs in June, surpassing the expected rise of 190,000 and against May’s downwardly…
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Economy

Expectations for the US Non-Farm Payrolls – Today’s Key Economic Event

English Analysis Jul 5, 2024

The upcoming release of June labor market data by the US Bureau of Labor Statistics will be closely scrutinized for indications of the Federal Reserve’s future policy moves, particularly regarding the timing of…
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Technical Outlook

Gold prices stay strong ahead of the US NFP report

English Analysis Jul 5, 2024

Gold prices rose further on Friday morning, pressing important technical barriers ahead of the key US NFP report. The metal has gained around 1.7% so far this week, benefiting from a weaker dollar driven by soft US…
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Technical Outlook

EUR/USD remains constructive, but the formation of a bull trap raises caution

English Analysis Jul 4, 2024

EUR/USD remains on the front foot in early Thursday trading, holding just below the new three-week high (Wednesday's spike at 1.0816). Bulls are probing through the cracked daily Kijun-sen (1.0791) and eyeing a retest of the…
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Technical Outlook

Dollar extends weakness following downbeat ADP data; US services PMI and NFP reports eyed for…

English Analysis Jul 3, 2024

The dollar index fell to a one-week low on Thursday, extending its weakness for the second consecutive day. This decline was driven by dovish comments from Fed Chair Powell and a weaker-than-expected ADP private sector payrolls…
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Technical Outlook

GBP/USD rises further on better-than-expected UK PMI data

English Analysis Jul 3, 2024

GBP/USD advances for the second consecutive day, bolstered by better-than-expected UK services PMI (the dominant sector of the economy) released earlier today. Fresh bulls have cracked the psychological 1.2700 barrier and the…
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Technical Outlook

EUR/USD – Bulls regain control and aim for a retest of key resistance levels

English Analysis Jul 3, 2024

EUR/USD regained traction on Wednesday after experiencing wide swings without clear direction over the past two days. The fresh strength aims for a retest of pivotal barriers at 1.0768/71 (55 DMA / daily cloud base), which capped…
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Technical Outlook

Gold price rises ahead of key economic data but remains within a broader range

English Analysis Jul 3, 2024

Gold prices rose during early trading on Wednesday after being stuck in a narrow range for the past three days. The fresh strength pushed gold to its highest level in almost two weeks, though it has been moving within a broader…
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Central Banks

Fed needs more evidence of falling inflation before cutting rates, says Powell

English Analysis Jul 2, 2024

The US central bank needs more data before cutting interest rates to ensure that recent weaker inflation readings accurately reflect underlying price pressures, Federal Reserve Chair Jerome Powell said on Tuesday. Data for May…
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Technical Outlook

WTI oil price climbs above $84 for the first time in over two months

English Analysis Jul 2, 2024

WTI oil price rose to a nine-week high on Tuesday, extending Monday’s strong rally (up almost 2.5% for the day). Increased demand from the summer driving season and persistent supply fears due to a heated geopolitical situation…
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Uncategorized

Eurozone inflation slightly moderates in June

English Analysis Jul 2, 2024

Eurozone inflation eased slightly to 2.5% in June from the previous month’s 2.6%, in line with expectations. However, core inflation held steady at 2.9%, slightly above the consensus forecast of 2.8%. Persistent core inflation, driven…
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Technical Outlook

USD/JPY Hits New Multi-Decade High Despite Persistent Intervention Threats and Overbought Conditions

English Analysis Jul 1, 2024

USD/JPY rose further on Monday, signaling a continuation after bulls paused for consolidation on Thursday and Friday. Despite traders remaining cautious due to looming intervention threats from Japanese authorities, who…
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Technical Outlook

EUR/USD – The post-French election rally has so far been capped by a thickening daily cloud.

English Analysis Jul 1, 2024

EUR/USD opened with a gap higher and rose to a three-week high in early European trading on Monday, boosted by the results of the first round of the French parliamentary election. The rally was capped by the base of a…
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Technical Outlook

GBP/JPY Reaches New Multi-Year High

English Analysis Jul 1, 2024

GBP/JPY continues its unobstructed uptrend, hitting a new multi-year high (the highest since 2008) early Monday. The pair has extended its steep ascent for the eleventh consecutive day, following its sixth straight monthly gain in June.…
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Technical Outlook

GBP/USD – Initial signs of a reversal are emerging above the thickening daily cloud on the daily…

English Analysis Jun 28, 2024

GBP/USD edged higher in European trading on Friday ahead of the release of US inflation data, the key economic event of the day. The better-than-expected UK Q1 GDP numbers also contributed to the improving sentiment. The…
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Economy

The British economy grew beyond expectations in Q1

English Analysis Jun 28, 2024

Recent data indicates that the UK's GDP growth of 0.7% in Q1 2024 exceeded expectations and marked an exit from recession. Despite this positive economic performance, broader economic conditions remain fragile due to low long-term…
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Technical Outlook

The dollar index retreats from its recent multi-week high due to US data and warnings of potential…

English Analysis Jun 27, 2024

The dollar index declined on Thursday following slightly better-than-expected US economic data and warnings from Japanese authorities about possible action against the yen's sharp decline. The US economy grew by 1.4% in Q1, exceeding the…
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Technical Outlook

Silver prices may decline further if pivotal support levels are breached, but a period of…

English Analysis Jun 27, 2024

In the near term, silver remains in a bearish trend, breaking the initial pivot at $28.65 (June 13 low) and putting pressure on other key supports at $28.49 and $28.25 (Fibo 38.2% retracement of $26.00/$32.51 and daily cloud base,…
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Technical Outlook

USD/JPY tests the 160 barrier once more, reaching new multi-decade highs.

English Analysis Jun 26, 2024

On Wednesday, USD/JPY reached a new multi-decade high, climbing above 160, as bullish momentum regained control following a two-day consolidation. The fresh move above the psychological 160 barrier indicates strong bids,…
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Technical Outlook

Gold retreats as Fed’s hawkish comments weigh; market awaits US GDP and inflation data

English Analysis Jun 26, 2024

Gold prices fell to a one-week low on Wednesday, driven down by recent hawkish remarks from Fed policymakers. The US central bank intends to tackle inflation by maintaining the policy rate unchanged for the…
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Technical Outlook

The Australian dollar jumps nearly 1% against the New Zealand dollar following the release of…

English Analysis Jun 26, 2024

The Australian dollar surged 0.9% against the New Zealand dollar on Wednesday morning, driven by renewed hawkish signals suggesting the RBA may consider a rate hike next month. This followed Australia's…
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Technical Outlook

Australian Dollar Surges on Strong Inflation Data

English Analysis Jun 26, 2024

The Australian dollar climbed 0.6% early Wednesday, buoyed by higher-than-expected inflation figures. The inflation rate for May rose to 4.0%, compared to 3.6% in April and surpassing the forecast of 3.8%, marking the highest…
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Technical Outlook

Dollar Index – Maintains Bullish Bias Above Daily Cloud, US Inflation Data in Focus

English Analysis Jun 25, 2024

The dollar index regained traction on Tuesday, edging higher after a 0.4% drop on Monday. The pullback was contained by the top of the daily cloud, representing a mild correction within a larger uptrend that remains intact.…
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Technical Outlook

USDJPY – Bulls hesitate near the 160 barrier, potential intervention point in sight

English Analysis Jun 25, 2024

USDJPY dips slightly after nearing the 160 barrier, widely seen as a potential intervention trigger, recalling Japan's intervention when the pair surpassed this level at the end of April. Monday’s session closed in the red for…
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Technical Outlook

GBPUSD – recovery must break through the 1.27 resistance zone to signal continuation

English Analysis Jun 25, 2024

GBPUSD remains bullish in early Tuesday trading, building on Monday's 0.43% rebound, which formed a bullish engulfing pattern on the daily chart. However, fresh bullish momentum faces strong resistance around the 1.2700 level…
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Technical Outlook

Bitcoin Pressures $60K Support After 4% Drop on Monday

English Analysis Jun 24, 2024

itcoin fell around 4% by early US trading on Monday, marking the largest one-day loss since April 30. The fresh downward acceleration is putting pressure on the psychological 60K support level, which is also near the 76.4%…
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Technical Outlook

EURUSD Bounce Must Break 1.0760 Barrier to Indicate Stronger Correction

English Analysis Jun 24, 2024

The EURUSD pair saw a rebound on Monday as traders took profits from the decline observed on Thursday and Friday. Despite weaker-than-expected German Ifo data, the euro regained traction due to improving sentiment driven by…
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Technical Outlook

EURJPY Extends Rally, Reaches New Record High

English Analysis Jun 24, 2024

EURJPY continues its upward trend, extending its steep rise for the sixth consecutive day and surpassing the 171 mark in early Monday trading. Despite overbought conditions and signals from Japanese authorities about possible…
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Central Banks

The Bank of England maintains interest rates at their current levels as anticipated.

English Analysis Jun 20, 2024

The Bank of England (BoE) has opted to maintain its main interest rate at 5.25%, holding steady at a 16-year high just before the July 4 election. This decision, endorsed by a 7-2 vote from the Monetary Policy…
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Technical Outlook

USDJPY once again tests the critical Fibonacci barrier, fueled by diverging monetary policies.

English Analysis Jun 20, 2024

USDJPY maintains its upward trajectory, breaching the significant Fibonacci barrier at 158.22 (76.4% of 160.19/151.85) that had previously thwarted multiple attempts. A sustained breakthrough here would signal fresh bullish momentum,…
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Technical Outlook

USDCHF – Swiss Franc Weakens Following SNB’s 0.25% Rate Cut

English Analysis Jun 20, 2024

USDCHF surged by approximately 0.7% on Thursday following the SNB's 25 basis points rate cut, reducing the interest rate from 1.5% to 1.25%. The central bank justified its decision by citing the ongoing decline in inflation and the…
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Market News

Gold Prices Rise as Investors Reevaluate Economic Outlook

English Analysis Jun 17, 2024

Gold prices saw a notable rise today as investors reassessed the global economic outlook and the monetary policies of major central banks. This increase comes amid declining consumer sentiment in the United States and growing concerns over…
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Market News

Oil Prices Rise on Summer Demand Hopes Despite Weak Chinese Data

English Analysis Jun 17, 2024

Oil prices edged higher on Monday as hopes for increased demand from the summer driving season in the northern hemisphere offset disappointing Chinese economic data, highlighting a bumpy recovery for the world's largest crude…
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Technical Outlook

EURUSD extends its steep decline as political uncertainty dampens sentiment.

English Analysis Jun 14, 2024

EURUSD extends its sharp decline into a second consecutive day, trading near a 1.5-month low on Friday. Fresh risk aversion stemming from growing political uncertainty in France, which is affecting the entire eurozone, has put significant…
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Technical Outlook

EURGBP hits a new multi-month low, but bears may pause due to oversold conditions.

English Analysis Jun 14, 2024

EURGBP hit a new multi-month low on Friday, reaching its lowest level since early August 2022. It is on track for its biggest weekly loss since early January, following a gap lower at the start of the week due to growing political…
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Technical Outlook

XAUUSD – Medium-Term Outlook: $2500 Target Remains in Focus, but Consolidation Likely Before Fresh…

English Analysis Jun 13, 2024

Gold is likely to retest the recent record high and challenge the psychological $2500 level in the coming months, as all key factors driving the metal’s price remain supportive. Persisting geopolitical tensions and threats of…
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Technical Outlook

EURUSD remains positive despite Powell’s more hawkish-than-expected comments

English Analysis Jun 13, 2024

EURUSD is consolidating within a narrow range on Thursday morning, following a strong rally on Wednesday (up 0.65%), and remains constructive despite Wednesday’s upside rejection and a bull-trap above the converged 10/20DMA’s.…
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Technical Outlook

Dollar drops sharply on softer-than-expected US May inflation numbers

English Analysis Jun 12, 2024

The US dollar fell across the board in immediate reaction to softer-than-expected US May inflation numbers, reviving hopes for a Fed rate cut in September. US month-on-month consumer prices were flat in May after a 0.3%…
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Technical Outlook

Cable remains positive despite weak UK GDP numbers, with all eyes on the US CPI and Fed decisions.

English Analysis Jun 12, 2024

Cable edged higher in European trading on Wednesday, showing little reaction to overall negative UK economic data, including flat GDP in April and sharp declines in construction and manufacturing output. Traders are awaiting the release of…
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Economy

UK Economic Growth Slows in April – A Negative Signal for the Conservative Party Ahead of Election

English Analysis Jun 12, 2024

UK month-on-month gross domestic product was flat in April, matching expectations after a 0.4% rise in March. The annualized GDP increased by 0.6% in April, down slightly from 0.7% the previous month, in line with forecasts.…
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Technical Outlook

USDJPY remains positive, awaiting US inflation data and the Fed decision for new direction signals.

English Analysis Jun 11, 2024

USDJPY remains constructive, probing above the 157 barrier (the upper boundary of the triangular consolidation and the 61.8% Fibonacci retracement of the 160.19/151.85 bear-leg). However, ranges are narrowing ahead of key releases…
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Technical Outlook

Bitcoin – Near-Term Sentiment Sours Following 3% Drop Early Tuesday

English Analysis Jun 11, 2024

Bitcoin dropped 3% in early Tuesday's sharp selloff, signaling the continuation of a bear-leg from the June 7 peak of 71,929. Fresh bearish sentiment emerged after a mild recovery was repeatedly capped by the psychological 70K…
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Technical Outlook

GOLD – Bears Pause Ahead of US CPI Data and FOMC Policy Decision

English Analysis Jun 11, 2024

Gold prices edged lower in early trading on Tuesday, following Monday’s limited consolidation after nearly a 4% drop on Friday. The near-term outlook remains bearish following Friday’s massive losses, which were triggered by…
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Technical Outlook

The dollar continues to surge on increasing expectations that the Fed will maintain its higher…

English Analysis Jun 10, 2024

The dollar index extended its strong rally on Monday, following a 0.8% advance on Friday and starting the week with a higher gap opening. Upbeat May NFP numbers on Friday reinforced the hawkish stance, indicating that the Fed…
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Technical Outlook

Euro Continues Decline Following NFP Report Amid French Snap Election News

English Analysis Jun 10, 2024

The Euro opened significantly lower on Monday, hitting a one-month low and extending Friday's 0.8% decline, which was the largest single-day loss since April 12. This drop in the Euro was influenced by much higher than expected US…
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Technical Outlook

Gold Drops Sharply on China News, NFP in Focus

English Analysis Jun 7, 2024

During European trading on Friday, the price of gold experienced a sharp decline following news that China’s central bank had halted gold purchases last month after acquiring the yellow metal for 18 consecutive months. The…
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Technical Outlook

USD/CHF at Multi-Week Low, Breaching Key Supports Ahead of US Jobs Data

English Analysis Jun 7, 2024

USD/CHF remains on the back foot, hitting a new multi-week low early Friday as markets await the release of the US jobs report for May. The recent bearish move from 0.9158 (the lower top on May 24) has found solid support in the…
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Central Banks

ECB Delivers Its First Rate Cut Despite Persistent Inflation

English Analysis Jun 6, 2024

The European Central Bank delivered its first interest rate cut since 2019 today, signaling progress in its ongoing effort to bring inflation down to its 2% target, while acknowledging that the battle is far from over. The ECB…
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Technical Outlook

GBP/USD – Extended consolidation expected before a fresh push higher

English Analysis Jun 6, 2024

Cable is consolidating just below a new multi-week high of 1.2817, with near-term action supported by the rising 10-day moving average (1.2758) and poised for a fresh push higher to challenge the 2024 high of 1.2893. Daily moving…
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Technical Outlook

EUR/USD – Bulls maintain control ahead of key event: ECB policy decision

English Analysis Jun 6, 2024

The Euro edged higher on Thursday morning, partially reversing a two-day pullback from a new multi-week high at 1.0915. However, today's action has been choppy and directionless as traders await the European Central Bank's (ECB)…
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Technical Outlook

US Dollar Index – Reversal pattern forming on daily chart as strong US Services PMI data lend fresh…

English Analysis Jun 5, 2024

The dollar index surged on Wednesday, driven by much stronger than expected US services PMI data (May 53.8 vs 51.0 forecast and April 49.4). This data indicated a return to growth in the services sector, with the May figure reaching a…
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Technical Outlook

Gold – crucial economic events this week to offer new direction signals

English Analysis Jun 5, 2024

Gold prices edged higher early Wednesday, rebounding from the lower boundary of their near-term range. However, the metal remains directionless as markets await fresh cues from key economic events this week. Conflicting…
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Technical Outlook

WTI oil continues its sharp decline amid rising demand worries

English Analysis Jun 4, 2024

WTI oil prices remain in a steep decline for the fifth consecutive day, falling over 1% and hitting a new four-month low in early Tuesday trading. This follows a 3.8% drop on Monday, the largest daily fall since November 16. The market…
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Technical Outlook

AUD/USD: Bulls Reclaim Control Following a Healthy Correction

English Analysis Jun 3, 2024

AUD/USD is on the front foot this Monday, extending its advance into a third consecutive day and pressuring the pivotal barrier at 0.6680, the recent range ceiling. This fresh strength enhances the near-term outlook, supported by the…
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Technical Outlook

EUR/USD Declines on Reduced Demand as Markets Await ECB Decision

English Analysis Jun 3, 2024

The Euro began losing traction in European trading on Monday, building on the initial warning from Friday’s daily candle, which featured a long upper shadow formed after a strong upside rejection. The initial signal of the two-day…
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Economy

Higher-than-expected EU inflation in May issues a new warning to the ECB

English Analysis May 31, 2024

Consumer prices in the Eurozone increased by 2.6% year-on-year in May, diverging further from the ECB’s 2% target. This follows a 2.4% increase in the previous two months and exceeded the 2.5% consensus. The more significant and closely…
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Economy

China’s manufacturing sector activity unexpectedly declined in May – PMI

English Analysis May 31, 2024

China’s official Manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in May from April's 50.4, missing the forecast of 50.4 and dropping below the crucial 50 level that distinguishes growth from contraction. The unexpected…
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Technical Outlook

Swiss Franc Climbs to Two-Week High Against Dollar, Pressures Key Barriers

English Analysis May 30, 2024

A strong downward acceleration pushed the USDCHF to a two-week low on Thursday. The Swiss franc advanced nearly 1% by early US trading, marking its biggest one-day gain since late December. This surge was…
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Economy

US Q1 Economic Growth Adjusted Downward

English Analysis May 30, 2024

The US economy grew more slowly in the first quarter of the year than initially estimated, with GDP increasing at an annualized rate of 1.3%, down from the previously reported 1.6%. This marks a significant decline from the…
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Technical Outlook

USDTRY – Extended consolidation likely before renewed strength as negative fundamentals weigh on the…

English Analysis May 30, 2024

The Turkish lira performed slightly better against the US dollar in May but remains within a broader range above its new record low. USDTRY remains in a prolonged sideways trend, with the risk of a fresh rise persisting due to…
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Technical Outlook

EUR/USD – Bears Encounter Significant Resistance at Key Support Zone

English Analysis May 30, 2024

The Euro is consolidating early Thursday after a sharp decline on Wednesday, where the pair fell 0.5%, marking the largest daily loss since April 30, driven by renewed risk aversion. Bears have found support just above the…
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Technical Outlook

GBP/JPY reaches a new multi-year peak

English Analysis May 28, 2024

The GBP/JPY pair continues to trend higher, solidifying its position above the 200 mark (Monday’s close above this level was the first since August 2008). Bulls have breached the barrier at 200.50 (April 29 spike high), with a sustained…
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Technical Outlook

EUR/USD – Bulls maintain control, targeting key resistance levels ahead of German CPI data release

English Analysis May 28, 2024

The Euro remains strong as diminishing expectations of an ECB rate cut shift market focus to tomorrow’s German inflation data release (annualized CPI expected to rise in May). The bullish move from the higher low at 1.0805,…
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Economy

Ifo Survey: German Business Climate Steady in May

English Analysis May 27, 2024

The German Ifo Business Climate Index remained unchanged at 89.3 in May, falling short of the forecasted 90.4, heightening concerns about a slowdown in the economic recovery of Europe’s largest economy. The weaker-than-expected…
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Technical Outlook

The dollar index is on the back foot ahead of this week’s key economic releases

English Analysis May 27, 2024

The dollar traded within a narrow range during the Asian and early European sessions on Monday, but the near-term outlook remains bearish. This is influenced by Friday’s 0.3% drop and the formation of a bearish engulfing pattern…
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Technical Outlook

Gold – despite a thick cloud of daily activity and a sharp pullback, the current recovery appears…

English Analysis May 27, 2024

Gold prices edged higher in early trading on Monday following last week’s 5% pullback from a new record high, finding solid support at $2327/25, the top of the thick rising daily Ichimoku cloud. Partial profit-taking lifted the…
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Technical Outlook

GBPUSD bulls have regained momentum and are poised for a renewed assault on significant resistance…

English Analysis May 24, 2024

Cable showed resilience despite the positive US PMI data on Thursday and disappointing UK retail sales figures on Friday. It managed to climb above the 1.2700 mark during US trading on Friday. The pair is set for its second consecutive…
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Technical Outlook

AUDUSD picks up momentum after experiencing a decline of more than 1% earlier this week

English Analysis May 24, 2024

AUDUSD creeps higher on Friday as traders take profits from the recent four-day decline. Today's uptick marks the first gain of the week, although the pair is still set for a weekly loss exceeding 1%. Technical indicators on the daily…
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Technical Outlook

WTI crude oil continues its decline as hawkish Federal Reserve minutes stoke worries about demand

English Analysis May 24, 2024

WTI crude oil prices continue their downward trajectory for the fourth consecutive day, pressing against a fresh three-month low of $76.42 established in the previous session. Short-term market sentiment took a hit following the release…
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Technical Outlook

EUR/USD – Recovery Requires Additional Positive Signals to Continue

English Analysis May 23, 2024

The Euro gained traction, bouncing back by 0.3% after repeatedly finding support at the 100DMA (1.0814) following a pullback from the May 16 high of 1.0895. This formed an initial signal of a double-bottom pattern, suggesting a potential…
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Technical Outlook

Gold – Hawkish Fed minutes dampen near-term sentiment further

English Analysis May 23, 2024

Gold prices remain in the red for the third consecutive day, hitting their lowest point since May 15 during the early European session on Thursday, extending Wednesday’s 1.75% drop. The Fed minutes, released late Wednesday, indicated…
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Central Banks

Federal policymakers remain hopeful that inflation will keep declining – FOMC minutes reveal

English Analysis May 23, 2024

The minutes from the US Federal Reserve's April 30 / May 1 FOMC policy meeting indicate that policymakers expect price pressures to continue easing, moving towards the 2% target in the coming months. Recent inflation data…
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Technical Outlook

The USDJPY maintains a strong stance in anticipation of the release of FOMC minutes.

English Analysis May 22, 2024

Bullish momentum persists, with initial targets set at 156.78 (the high on May 14) and 157.01 (the Fibonacci 61.8% retracement level of the correction from 160.19 to 151.85). The pair reached a new weekly high on Wednesday,…
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Technical Outlook

The British pound hits a two-month high after the inflation data release, but bullish momentum lacks…

English Analysis May 22, 2024

Cable surged to a two-month high of 1.2761 on Wednesday following the release of UK inflation data for April, which showed a decrease in price pressure below expectations, dampening speculation for a June rate cut by the Bank of…
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Economy

Expectations for a Bank of England rate cut in June have been dampened by a smaller-than-anticipated…

English Analysis May 22, 2024

Consumer prices in Britain rose by 2.3% year-on-year in April, a significant decrease from the 3.2% increase in March, marking the lowest rate in nearly three years (the CPI was 2.0% in July 2021). However, this rise fell short of the…
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Market News

Oil declines for the third consecutive day due to the prospect of ‘higher for longer’…

English Analysis May 22, 2024

On Wednesday, oil prices dipped by over 1%, marking a third consecutive retreat. This drop comes amidst expectations that the Federal Reserve might maintain higher interest rates in the U.S. for an extended period due to persistent…
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Market News

Gold prices drop from record highs as concerns about interest rates continue

English Analysis May 21, 2024

Gold prices fell in Asian trade on Tuesday, retreating from record highs as easing uncertainty over Iran reduced safe haven demand for the yellow metal, while concerns over U.S. interest rates persisted. Among industrial metals, a rally…
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Market News

Oil prices drop due to concerns about demand amid the Fed’s interest rate trajectory

English Analysis May 21, 2024

Oil prices continued to decline in Asian trading on Tuesday as investors anticipated ongoing U.S. inflation and higher interest rates, which could reduce consumer and industrial demand. Brent crude futures dropped 57 cents, or…
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Market News

Gold prices have reached an all-time high, driven by geopolitical tensions and a surge in demand for…

English Analysis May 20, 2024

Gold prices hit a record high in Asian trading on Monday, driven by heightened geopolitical tensions in the Middle East, which increased the demand for safe-haven assets. Additionally, a broader rally in metal markets contributed…
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Market News

Oil prices rise following the death of Iran’s president and concerns over the health of the…

English Analysis May 20, 2024

Oil prices extended gains on Monday amid political uncertainty in major producing countries after Iran's president died in a helicopter crash and Saudi Arabia's crown prince canceled a trip to Japan due to concerns over the king's health.…
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Market News

Oil prices hold steady; poised for weekly gains on demand optimism

English Analysis May 17, 2024

Oil prices edged higher on Friday and were on track for a positive week, buoyed by milder U.S. inflation, shrinking U.S. inventories, and increased Chinese stimulus, which fueled hopes of rising demand. Brent oil futures rose…
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Market News

Gold prices reduce some weekly gains as expectations for rate cuts diminish

English Analysis May 17, 2024

Gold prices fell slightly on Friday, trimming some of their weekly gains as comments from several Federal Reserve officials presented a more cautious outlook on interest rate cuts.The yellow metal had surged to nearly $2,400 an ounce…
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Technical Outlook

GBPUSD bulls are pausing their advance following a five-day rally.

English Analysis May 16, 2024

The pound eased from its new multi-week high of 1.2700 on Thursday, encountering resistance from significant levels at the 1.2700 zone, including the top of the daily Ichimoku cloud and the peaks of April 9-10.…
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Economy

April sees US inflation rise slightly below expectations, signaling positively for the Federal…

English Analysis May 16, 2024

The most recent US consumer price data suggests that April's inflation uptick fell below expectations, indicating a continued downward trajectory into the second quarter. This news has strengthened market…
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Technical Outlook

EURUSD reaches a five-week peak and probes a critical resistance area before the unveiling of US CPI…

English Analysis May 15, 2024

The Euro maintains a robust stance, reaching a fresh five-week high in early European trading on Wednesday. A new bullish wave, extending into the third consecutive day, breaches pivotal barriers around the…
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Economy

UK labor statistics provide modest backing for a potential rate reduction in June

English Analysis May 15, 2024

In March, British wages outpaced expectations, registering a notable 6.0% increase in the first quarter of 2024 compared to the same period the previous year. This slightly exceeded the consensus forecast of…
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Market News

Oil prices increase following the release of Chinese inflation data, with attention now turning to…

English Analysis May 13, 2024

Oil prices rebounded on Monday, recovering from mild losses the previous week as traders assessed mixed Chinese inflation data ahead of crucial U.S. inflation reports scheduled for this week. Brent oil futures…
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Market News

Gold prices decrease as US inflation examination approaches

English Analysis May 13, 2024

Gold prices pulled back during Asian trading on Monday, consolidating recent gains as traders leaned towards the dollar in anticipation of crucial U.S. inflation figures later in the week. Last week, the yellow metal exhibited strength…
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Market News

Oil prices are expected to rise this week due to increased demand and ongoing tensions in the Middle…

English Analysis May 10, 2024

Oil prices climbed on Friday and are poised to end the week on a positive note, buoyed by signs of growing demand in both the U.S. and China and ongoing tensions in the Middle East. As of 08:40 ET (12:40 GMT), Brent oil futures rose 0.5%…
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Market News

Gold prices increase, poised for weekly gains after soft US labor data pressures yields

English Analysis May 10, 2024

Gold prices climbed in Asian trading on Friday, continuing their upward trend from the previous session as signs of a cooling U.S. labor market impacted the dollar and Treasury yields, boosting the appeal of gold. The precious metal was…
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Market News

Gold Prices Remain Steady Amid Awaited U.S. Economic Data

English Analysis May 9, 2024

Gold prices have remained stable in recent weeks after a sharp drop last month due to concerns about a potential escalation in the Middle East conflict. Today, XAU/USD held its position as investors anticipated…
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Market News

Oil rebounds on US crude stock drawdown and increase in Chinese imports

English Analysis May 9, 2024

Oil prices climbed on Thursday as the decline in U.S. crude inventories and increased Chinese imports fueled optimism for demand growth in the world's two largest crude-consuming countries. Brent crude futures…
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Technical Outlook

Crude oil prices continued to decline due to increasing worries about demand

English Analysis May 8, 2024

WTI oil prices declined early on Wednesday as the unexpected increase in US crude inventories heightened concerns about weakening demand. This fresh downturn fell below the base of the rising daily Ichimoku cloud and broke through pivot…
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Technical Outlook

GBPUSD trading decelerates as markets await the Bank of England’s policy decision on Thursday

English Analysis May 7, 2024

Cable remains in a narrow trading range on Tuesday as traders await new signals from this week's key economic event for sterling: the Bank of England's monetary policy meeting on Thursday. Today's data, including UK construction PMI…
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Central Banks

The Reserve Bank of Australia keeps interest rates at a multi-year high, though its approach is less…

English Analysis May 7, 2024

The Reserve Bank of Australia maintained interest rates at a 12-year high of 4.35% following its two-day May policy meeting, surprising the markets with a less aggressive stance than anticipated, as many expected signals of another rate…
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Economy

US job growth in April fell short of expectations, slowing down more than anticipated

English Analysis May 3, 2024

US job growth in April showed a slower pace of hiring, with nonfarm payrolls rising by 175,000, compared to a revised higher figure for March. Though this number fell short of expectations, it still points to a relatively tight labor…
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Technical Outlook

Crude oil is set to close the week down by more than 5%, pressured by worries about demand

English Analysis May 3, 2024

WTI oil prices are consolidating for the second consecutive day after a sharp drop earlier in the week but maintain a strong bearish outlook below the key $80 level. Oil is on track for its largest weekly…
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Technical Outlook

EUR/USD – Bulls maintain their hold and continue to challenge key resistance levels; traders…

English Analysis May 3, 2024

The Euro maintains a firm stance, marking its third consecutive day of gains and putting pressure on key resistance at the 1.0750 zone (50% retracement of the 1.0885/1.0601 range and daily Kijun-sen). A…
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Economy

Eurozone factory activity declined further in April, according to PMI data

English Analysis May 2, 2024

The recent report on eurozone manufacturing activity presents a mixed scenario, with overall conditions declining despite some areas showing signs of improvement. In April, manufacturing activity across the eurozone decreased further due…
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Technical Outlook

EURGBP faces resistance from a thin daily cloud, which poses challenges to recovery and increases…

English Analysis May 2, 2024

The two-day recovery appears to be losing momentum as it repeatedly struggles to break above the thin daily cloud. The long upper shadows on the daily candles signal continued pressure. The daily chart's technical outlook remains…
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Central Banks

The Federal Reserve keeps interest rates steady as anticipated, but cautions about high inflation…

English Analysis May 2, 2024

The US Federal Reserve maintained interest rates steady following its policy meeting that concluded on Wednesday, as widely anticipated. The Fed hinted at future reductions in borrowing costs but also cautioned about unexpectedly high…
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Technical Outlook

Bitcoin experiences increased bearish pressure following a breach of the critical $60,000 support…

English Analysis May 1, 2024

Bitcoin dropped to its lowest point since February 27 on Wednesday as the downward trend continued for the third consecutive day. This decline was driven by diminishing expectations of imminent Fed rate cuts. On Monday, Bitcoin broke and…
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Economy

U.S. private payrolls exceed expectations in April – ADP

English Analysis May 1, 2024

The latest ADP Employment report indicates a stronger-than-expected increase in private payrolls, with 192,000 jobs added in April, surpassing forecasts and maintaining momentum into the second quarter. The data suggests that the labor…
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Central Banks

The Federal Reserve is expected to keep rates unchanged as high inflation diminishes the likelihood…

English Analysis May 1, 2024

The Federal Reserve concludes its two-day policy meeting today, with the release of a new statement and remarks from Chair Jerome Powell expected to shed light on how recent disappointing inflation data have…
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Technical Outlook

Crude oil prices persist in their downward trend, putting pressure on a key support zone

English Analysis May 1, 2024

WTI oil prices remain down for the third consecutive day, impacted by rising hopes of a ceasefire agreement in the Middle East and an increase in U.S. crude inventories. Persistently high U.S. inflation continues to dampen expectations…
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Technical Outlook

The dollar remains strong as expectations grow for the Federal Reserve to take a more hawkish stance

English Analysis May 1, 2024

The dollar maintained its strong tone and reached new multi-month highs early on Wednesday, following a 0.56% surge fueled by stronger-than-expected U.S. data on Tuesday. The U.S. employment cost index increased more than anticipated…
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Technical Outlook

Gold prices continue to decline ahead of the Federal Reserve meeting and the release of non-farm…

English Analysis Apr 30, 2024

Gold prices faced renewed pressure on Tuesday, losing around 1.5% so far and breaking through the pivotal $2,300 level, which aligns with key technical support levels such as the psychological barrier, the daily Kijun-sen, and the April…
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Economy

Eurozone inflation remained stable in April, strengthening the argument for a potential rate cut by…

English Analysis Apr 30, 2024

Eurozone inflation held steady at 2.4% in April, as anticipated, but core inflation, which excludes volatile items such as food, energy, alcohol, and tobacco, dipped to 2.7% from 2.9% in March, slightly above the expected 2.6%. The…
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Economy

Economic activity in China across both manufacturing and services sectors declined in April –…

English Analysis Apr 30, 2024

Recent data from China reveals a deceleration in growth across both the manufacturing and services sectors in April, indicating a loss of momentum for the world's second-largest economy at the start of the second quarter. Although strong…
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Technical Outlook

Bitcoin remains under pressure and approaches a crucial support zone, with investors watching FOMC…

English Analysis Apr 29, 2024

Bitcoin dropped 2.5% on Monday, maintaining a weak near-term outlook as the extension of the bear-leg from the April 23 lower top at 67,264 brings the key 60,000 support zone into focus. A cluster of strong supports between 60,700 (daily…
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Technical Outlook

USDJPY retreats from a fresh multi-decade high amid suspected market intervention

English Analysis Apr 29, 2024

USDJPY surpassed the psychological 160 barrier and reached a new multi-decade high early Monday. This was followed by a sharp decline to the 155.00 area, possibly due to suspected market intervention. The recent decline breached a key…
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Economy

US inflation increased as expected in March – PCE

English Analysis Apr 26, 2024

The Personal Consumption Expenditures (PCE) price index, a key inflation gauge favored by the Federal Reserve for its 2% target, increased by 0.3% month-over-month in March, matching the previous month's rate and…
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Technical Outlook

USDJPY climbs above 156 as the Bank of Japan maintains interest rates

English Analysis Apr 26, 2024

USDJPY reached a new 34-year high on Friday, driven by the Bank of Japan's decision to keep its ultra-low interest rates unchanged and the lack of clear guidance on the timing of the next rate hike, which further…
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Central Banks

The Bank of Japan has maintained its ultra-low interest rates as anticipated

English Analysis Apr 26, 2024

The Bank of Japan decided to keep its ultra-low interest rates steady, a widely anticipated move, and conveyed growing confidence in meeting its 2% inflation target in the coming years. As expected, the BOJ maintained its ultra-low…
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Technical Outlook

Gold stays favorable while holding above $2300; key U.S. data is being watched for new signals

English Analysis Apr 24, 2024

Gold prices are trading within a tight range on Wednesday, following a nearly 3% drop over the last two days. This movement breached the psychological $2300 support level, but it failed to sustain a lower break, held back by the daily…
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Economy

German business sentiment improves beyond expectations in April – Ifo report

English Analysis Apr 24, 2024

The Ifo survey revealed that German business morale improved more than expected in April, according to data released on Wednesday. The Ifo institute reported that its business climate index increased to 89.4…
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Economy

Australia’s inflation eased less than anticipated in the first quarter, dampening hopes for a…

English Analysis Apr 24, 2024

Australian consumer price inflation moderated less than expected in the first quarter, largely due to persistent pressures on service costs, which disappointed policymakers. Here's a summary of the recent…
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Economy

US business activity decelerates in April – PMI

English Analysis Apr 23, 2024

The data released on Tuesday reveals a slowdown in U.S. business activity in April, reaching a four-month low due to weakened demand. However, there is a slight easing of inflation rates, providing potential relief as the Federal Reserve…
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Technical Outlook

The British pound rebounds following strong economic data and a hawkish stance from the Bank of…

English Analysis Apr 23, 2024

The British pound rebounded from a new multi-month low on Tuesday, buoyed by stronger-than-expected UK services PMI data and a hawkish stance from Bank of England policymakers. They indicated a potential delay in rate cuts, viewing an early…
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Technical Outlook

The FTSE100 reaches a new all-time high

English Analysis Apr 23, 2024

The FTSE 100 index set a slightly higher record on Tuesday, continuing its strong bullish momentum for the third consecutive day. Significant gains in UK defense stocks, food producers, and retailers, combined…
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Technical Outlook

BTC/USD has a mild bullish inclination while staying above the daily cloud, yet clearer directional…

English Analysis Apr 23, 2024

Bitcoin is stabilizing early Tuesday following a 2.8% increase on Monday, maintaining a positive outlook as the recent rise resulted in a marginal close above key resistance levels at $66,144 (50% retracement…
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Technical Outlook

Gold drops 2% as safe haven demand diminishes

English Analysis Apr 22, 2024

Gold prices dropped about 2% on Monday as safe haven demand diminished due to easing tensions in the Middle East, alleviating fears of conflict escalation. Traders took profits in part after gold consistently struggled to maintain gains…
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Technical Outlook

EURGBP gains for a second consecutive day as dovish remarks from Bank of England officials weaken…

English Analysis Apr 22, 2024

EURGBP extends its strong rally into a second straight day, reaching its highest level in 4.5 months on Monday. The pound weakened due to dovish comments from Bank of England officials, who revised their outlook and now expect inflation to…
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Technical Outlook

Crude oil prices drop as bears take charge, driven by easing concerns over conflict escalation

English Analysis Apr 22, 2024

WTI oil prices fell to their lowest level in nearly four weeks early Monday, following a brief surge on Friday triggered by Israel’s attack on Iran. The mood quickly turned negative as concerns about conflict escalation eased, and…
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Technical Outlook

The breakthrough of a critical Fibonacci level reinforces the strong bullish outlook, though 155…

English Analysis Apr 22, 2024

USDJPY maintains a steady tone and continues to trade close to the key 155 barrier, where strong resistance halts the action amid expectations that Japan’s authorities might intervene at this level. The technical outlook on daily and…
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Technical Outlook

Gold has surpassed $2,400 once more, as the worsening geopolitical situation increases demand

English Analysis Apr 19, 2024

Gold briefly rose above the $2,400 mark for the second time, bolstered by heightened safe-haven demand after Israel's attack on Iran early Friday. Although the metal's price peaked at $2,417, the surge was…
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Technical Outlook

Strong US data boosts the dollar, yet the potential for a more extensive correction remains

English Analysis Apr 18, 2024

Thursday saw the dollar gaining momentum, propelled by robust US economic indicators. Weekly jobless claims held steady, matching last week's figures, while the Philadelphia Fed manufacturing index surged to a two-year high in April,…
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Technical Outlook

EURGBP seeks a new signal for direction

English Analysis Apr 18, 2024

EURGBP experienced a decline in early Thursday's trading session, following two unsuccessful attempts to break above the falling 100-day moving average (0.8572) and the formidable resistance zone around 0.8580 (comprising the Fibonacci…
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Technical Outlook

EURUSD maintains its position, yet full recovery awaits confirmation

English Analysis Apr 18, 2024

The Euro exhibits a positive trend, edging up early Thursday following Wednesday's 0.5% rebound from a recent multi-month low. However, further evidence is required to confirm the initial reversal signal, especially considering the…
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Technical Outlook

Further decline in oil prices attributed to growing apprehensions regarding demand and diminishing…

English Analysis Apr 18, 2024

Thursday saw another drop in WTI oil prices, extending the previous day's 3% decline, marking the second largest daily loss of 2024 and reaching a new three-week low. The unexpected increase in US crude inventories, as reported by the…
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Economy

Inflation in the EU persists in its downward trend, fueling expectations for the ECB’s June…

English Analysis Apr 17, 2024

Eurozone inflation took a further dip in March, aligning neatly with forecasts and reinforcing speculation about a potential interest rate cut by the European Central Bank (ECB) in June. The inflation rate in the euro area slipped to…
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Technical Outlook

Gold Holds Firm Around $2400 Threshold

English Analysis Apr 17, 2024

Following a significant pullback of $100 per ounce from its recent peak, gold has once again approached the psychological threshold of $2400. Market sentiment remains largely positive, buoyed by ongoing geopolitical tensions and concerns…
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Economy

UK Inflation Moderates Slightly in March, Falling Short of Expectations but Maintaining Progress…

English Analysis Apr 17, 2024

British inflation decelerated less than anticipated, reaching a two-and-a-half-year low of 3.2% year-on-year in March, a slight drop from February's 3.4% surge. However, it surpassed the forecasted 3.1%, primarily attributed to a slowdown…
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Technical Outlook

Sterling gains from UK CPI surpassing expectations by a small margin

English Analysis Apr 17, 2024

The pound saw a rebound from its recent five-month low during early Wednesday trading, spurred by March's UK inflation figures surpassing expectations. This unexpected rise in inflation alleviates pressure on the Bank of England (BoE) to…
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Economy

China’s Q1 Economic Growth Surpasses Forecasts

English Analysis Apr 16, 2024

China's economy showed stronger-than-anticipated growth in the first quarter, providing a glimmer of hope for officials grappling with ongoing challenges in the property sector and local government debt. The…
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Technical Outlook

USD/JPY Nears 155 Mark, Triggering Concerns of Possible Japanese Intervention Zone

English Analysis Apr 16, 2024

On Tuesday, USD/JPY edged closer to the 155.00 barrier, marking its fifth consecutive day of bullish momentum. The dollar continues to capitalize on upbeat signals regarding the robustness of the US economy, potentially delaying any…
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Economy

German Investor Confidence Reaches Two-Year Peak

English Analysis Apr 16, 2024

April brought a pleasant surprise for German investors as morale soared beyond expectations, marking its highest point in more than two years, according to the latest report from the ZEW economic research institute. The ZEW economic…
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Technical Outlook

EURUSD: Limited Consolidation Expected Before Further Downward Movement

English Analysis Apr 16, 2024

EURUSD rose slightly from its recent 5 ½ month low of 1.0602 on Tuesday, driven by profit-taking as daily indicators signaled oversold conditions. Short-term sentiment has turned overwhelmingly bearish, influenced by a significant weekly…
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Technical Outlook

Dollar Index Surges to Five-Month Peak Amidst Robust US Data, Sparking Rate Cut Speculation

English Analysis Apr 16, 2024

The dollar's upward momentum persisted for the fifth consecutive day, reaching a new five-month high early on Tuesday against major currencies. The latest US economic data revealed a stronger-than-expected increase in retail sales,…
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Economy

March Sees Surprising Surge in US Retail Sales, Brightening Q1 Outlook

English Analysis Apr 15, 2024

In March, US retail sales exceeded projections, adding to the indication of a robust performance for the economy in the initial quarter of 2024. Marking a notable increase, retail sales escalated by 0.7% month-on-month in March,…
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Technical Outlook

Bitcoin: Robust Rebound Recovers More Than 50% of Last Week’s 12% Decline

English Analysis Apr 15, 2024

Bitcoin has bounced back strongly from its recent multi-week low of $60,227, reclaiming over 50% of the almost 12% drop seen last Friday and Saturday. This bounce has temporarily mitigated downside threats. The latest rally has pushed…
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Technical Outlook

USDJPY rally picks up again following a short break.

English Analysis Apr 15, 2024

USDJPY resumes its uptrend on Monday, hitting a new multi-decade high just shy of the 154.00 mark after a brief pause last Thursday and Friday. Conditions, with last week's close above key barriers at the 152.00 zone signaling further…
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Technical Outlook

A significant retreat in gold prices from its recent record peak signals a potential weakening in…

English Analysis Apr 15, 2024

Despite a significant retreat from its recent peak of $2431 in late Friday trading, gold maintains its strength early on Monday. The ongoing geopolitical tensions and concerns about escalating conflicts in the Middle East are sustaining…
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Technical Outlook

Gold reaches unprecedented peak

English Analysis Apr 12, 2024

On Friday, gold soared to a fresh all-time peak, surpassing the psychological milestone of $2400. Its ascent remained swift, requiring only a few days to traverse from one significant round figure to another. Rising geopolitical tensions…
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Technical Outlook

EURUSD Continues Sharp Decline as Bears Seize Command Following US Inflation Figures and ECB Policy…

English Analysis Apr 12, 2024

The Euro's downward trajectory persisted on Friday, hitting fresh lows for 2024, marking the third consecutive day of significant declines. This downturn positions the currency pair for its most substantial weekly loss since the second week…
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Market News

The dollar index remains buoyed by US consumer prices surpassing expectations.

English Analysis Apr 11, 2024

The dollar index maintained its strong position on Thursday, building on a notable increase of over 1% from the previous day, marking the most significant single-day gain since February 3, 2023. This upward surge was propelled by US…
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Market News

EURUSD bears are pausing before the ECB policy announcement.

English Analysis Apr 11, 2024

The Euro remains firmly entrenched in negative territory, hovering near last week's low at 1.0725, after experiencing a significant decline on Wednesday, with the pair down by 1%. The unexpected surge in US inflation during March tempered…
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Market News

The USDJPY surged to a fresh multi-decade peak following robust US CPI figures, sparking speculation…

English Analysis Apr 11, 2024

USDJPY is currently consolidating near a new multi-decade high, hovering above the 153 mark, propelled by a robust 1% surge following stronger-than-anticipated US inflation data. A potential breakout beyond the narrow two-week range…
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Technical Outlook

The Australian dollar maintains a bullish bias leading up to the release of the US inflation report

English Analysis Apr 9, 2024

On Tuesday morning, AUDUSD remains confined within a narrow trading range, retaining a slight bullish inclination following Monday's 0.5% climb and a positive indication from the daily close above 0.6597 (the 100-day moving average and…
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Technical Outlook

The EURUSD continues to trade within a prolonged sideways pattern, with early signs of bearish…

English Analysis Apr 9, 2024

Short-term market activity continues to exhibit a sideways trend, oscillating within a range bounded by the closely positioned 55-day and 200-day moving averages at 1.0831 and the 100-day moving average at…
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Economy

Industrial production in Germany exceeded expectations in February, experiencing a notable increase.

English Analysis Apr 8, 2024

In February, industrial production in Germany surged by 2.1% compared to the prior month, surpassing the anticipated 0.6% growth forecast. This robust performance follows a revised upward increase of 1.3% in the…
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Technical Outlook

Gold Surpasses $2300, Sets New Record High

English Analysis Apr 8, 2024

Gold's Upward Trajectory Persists, Reaching a New Record High of $2354 in Monday's Early Trading Session, Following Last Week's 4% Gain, Marking a Bullish Signal with a Weekly Close Above the Psychological…
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Economy

Crude Oil Poised for Second Consecutive Weekly Increase Amidst Shrinking Supply Prospects

English Analysis Apr 5, 2024

Oil prices continued their upward trajectory on Friday, poised for a second consecutive weekly gain. This surge was underpinned by escalating geopolitical tensions in the Middle East, concerns surrounding a tightening supply, and optimistic…
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Technical Outlook

USDJPY Trades in Extended Narrow Range Before Key US Labor Data

English Analysis Apr 5, 2024

USD/JPY continues to hover within a two-week span, consolidating just below multi-year highs in the 151.90/152.00 range (peaking in October 2022, November 2023, and March 2024). The prolonged sideways movement,…
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Technical Outlook

AUDUSD Breaks Through Key Resistance at 0.6600 Zone with Strong Recovery

English Analysis Apr 4, 2024

For the third consecutive day, AUDUSD surges, buoyed by a softer US dollar and discouraging US services PMI figures (released Wednesday). Bullish momentum breaks through crucial resistance at the 0.6600…
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Technical Outlook

Bullish Momentum for GBPUSD Holds Above 200-Day Moving Average, Yet Faces Challenges from Thin Daily…

English Analysis Apr 4, 2024

The British Pound's recent upward movement, known as "Cable," has been steady following the double bottom formation around 1.2540 (April 1st and 2nd lows). Currently, it is challenging a significant resistance level at 1.2674, marked by the…
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Technical Outlook

Dollar Index Lags Ahead of Crucial US Data Release

English Analysis Apr 4, 2024

The dollar index continues its downward trend for the third consecutive day, retracting from its recent multi-week high of 104.83. Bearish sentiment persists as fresh pressure weighs on critical support levels at 103.84/80, representing…
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Economy

Eurozone Inflation Dips, ECB Rate Cut Expectations Rise

English Analysis Apr 3, 2024

In a surprising turn of events, inflation in the Eurozone took an unexpected downturn last month, fueling discussions about the European Central Bank's (ECB) contemplation of reducing borrowing costs from their current historic highs.…
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Technical Outlook

USDTRY: possibility of a more significant correction occurring

English Analysis Apr 3, 2024

The USDTRY pair continues to face downward pressure, testing the lower boundary of its recent consolidation range around the 31.800 mark. Indicators on the daily chart are hinting at the possibility of a deeper correction, reminiscent of…
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Technical Outlook

Gold: Anticipating a Healthy Correction Before a Renewed Upsurge

English Analysis Apr 3, 2024

Gold experienced a slight decline from its recent record high of $2288, showing signs of exhaustion among bullish investors following a rapid ascent of over 5% within the last six days. Despite resuming its upward trajectory in early…
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Technical Outlook

WTI Crude Oil Surges to Five-Month Highs, Eyes Further Upside

English Analysis Apr 2, 2024

On Tuesday, the price of WTI oil continued its upward trajectory, reaching a five-month peak and breaching the $85.00 mark for the first time since late October. This recent surge marks the fourth consecutive day of bullish momentum,…
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Technical Outlook

EUR/USD: Bears Targeting 2024 Low

English Analysis Apr 2, 2024

The Euro suffered a decline to fresh multi-week lows early on Tuesday, primarily influenced by a robust dollar and recent dovish remarks from ECB policymakers, who anticipate implementing four rate cuts in 2024. Monday saw a 0.4%…
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Technical Outlook

Bitcoin Continues to Trade in an Extended Range

English Analysis Apr 1, 2024

Bitcoin experienced a slight decline on Monday, yet it remains ensconced within a prolonged range that has persisted for seven consecutive days. The immediate trajectory continues to exhibit lateral movement, with the search for clearer…
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Technical Outlook

Gold reached a fresh all-time peak amid increasing optimism for a Federal Reserve interest rate…

English Analysis Apr 1, 2024

Gold surged to a new all-time high of $2265 as trading resumed on Monday following the Easter break. The metal kicked off the month on a strong bullish note, fueled by anticipation of a Federal Reserve interest rate cut in June, with…
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Economy

US Inflation Sees Moderate Increase in February

English Analysis Mar 29, 2024

In February, prices in the United States experienced a moderate rise, with the cost of services, excluding housing, showing a notable slowdown. This has kept market speculations alive regarding the possibility of…
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Technical Outlook

Cable Trading Sideways Ahead of Crucial US Data

English Analysis Mar 29, 2024

The cable market remains stagnant within an extended sideways trend, experiencing a narrow range as trading thins out for the Good Friday holiday. Current activity shows a fluctuation between the 200-day moving average at 1.2588 and a slim…
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Economy

Oil rises more than $1 a barrel on tighter supply outlook

English Analysis Mar 29, 2024

Oil prices surged by over $1 per barrel on Thursday, concluding the month on a higher note due to several factors influencing the supply outlook. The rally was fueled by expectations of OPEC+ maintaining production cuts, persistent attacks…
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Technical Outlook

EURUSD: Bears Test Crucial Support Zone

English Analysis Mar 28, 2024

For the third consecutive day, the Euro has sustained losses, with a noticeable decline seen early on Thursday. It has breached significant support levels around the 1.0800/1.0790 area, which previously served as a higher base, coinciding…
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Economy

The UK economy slipped into recession last year, as evidenced by its GDP

English Analysis Mar 28, 2024

Last year saw the UK economy slipping into a recession, as indicated by a contraction of 0.1% in GDP during the third quarter, followed by a further decline of 0.3% in the fourth quarter, according to official statistics.…
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Technical Outlook

The USDCHF climbs to its peak in nearly five months.

English Analysis Mar 27, 2024

The USDCHF surged to its highest level in almost five months, extending its upward trajectory within a broader bullish channel and reaching a new multi-week peak on Wednesday, marking its highest point since November 2nd. Bullish…
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Technical Outlook

Warning of Strong Intervention Issued as USDJPY Surges to New Multi-Decade High

English Analysis Mar 27, 2024

During the Asian session on Wednesday, USDJPY climbed to a slightly higher multi-decade high of 151.97, indicating a persistent bullish trend as the US dollar gained momentum from favorable US data released on Tuesday. The bullish…
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Technical Outlook

Gold is once again testing the $2200 mark as demand for safe-haven assets sees a resurgence.

English Analysis Mar 26, 2024

The price of gold saw a significant rise on Tuesday, pushing towards the psychological barrier of $2200. This surge was fueled by a weakening dollar amidst growing optimism regarding potential rate cuts by the Federal Reserve, coupled with…
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Technical Outlook

GBPUSD is seeing bullish momentum gather pace following a double rejection at the 200-day moving…

English Analysis Mar 26, 2024

The British Pound is showing resilience in early Tuesday trading, buoyed by upbeat UK data from Monday and diminishing expectations of a rate cut by the Bank of England in May. The recent upswing has been supported by a double bounce off…
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Technical Outlook

Bullish Momentum in USDJPY Remains Strong Post Consolidation

English Analysis Mar 25, 2024

Following a robust rally over the past couple of weeks, the USDJPY pair is currently undergoing a period of consolidation just below critical resistance levels at 150.90/94, corresponding to the highs of 2023/22. The surge in USDJPY can…
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Technical Outlook

Gold prices rise but pinned below record highs as dollar strength persists

English Analysis Mar 25, 2024

Gold prices saw an uptick in Asian trading this Monday, yet they lingered beneath their recent peak levels due to the ongoing dominance of the dollar. The strength of the dollar exerted significant pressure on metal markets, keeping gold…
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Economy

Oil Stabilizes as Momentum Grows for a Ceasefire in Gaza

English Analysis Mar 22, 2024

Oil steadied on Friday with Brent crude hovering above $85 a barrel, as the likelihood of a ceasefire in Gaza gained momentum. Brent crude futures fell two cents to $85.76 a barrel by 1017 GMT, while U.S. West Texas Intermediate (WTI)…
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Technical Outlook

Gold prices retreated from their recent peak

English Analysis Mar 22, 2024

On Friday, gold prices continued to decline, extending their pullback from the new record high of $2222 reached on Thursday, following a strong rejection upon testing the psychological barrier of $2200. The precious metal faced increased…
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Economy

March PMI Indicates Slight Improvement in Euro Zone Business Activity

English Analysis Mar 21, 2024

In March, there were signs of slight improvement in Euro zone business activity, as indicated by the Purchasing Managers’ Index (PMI). Although the recovery was uneven, with services activity accelerating while the manufacturing sector…
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Technical Outlook

USDCHF Hits 4-Month High After SNB Rate Cut Dampens Swiss Franc

English Analysis Mar 21, 2024

The USDCHF surged by 1% during the early European session on Thursday, spurred by the Swiss National Bank's unexpected decision to slash interest rates by 25 basis points. Market expectations had leaned towards the central bank maintaining…
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Central Banks

Swiss National Bank’s Unexpected 25 Basis Points Interest Rate Reduction Rocks Markets

English Analysis Mar 21, 2024

In a surprising move, the Swiss National Bank (SNB) has reduced its main interest rate by 25 basis points to 1.50%, diverging from the widely held expectation of maintaining rates at 1.75%. This unexpected decision positions the SNB as…
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Technical Outlook

Bullish Sentiment Holds Firm on Dollar Index Amid Fed’s Expected Hawkish Stance

English Analysis Mar 20, 2024

The dollar index continues its upward trajectory, reaching a two-week high on Wednesday. This surge is fueled by optimistic sentiments regarding the Federal Reserve's forthcoming monetary policy decision. The central bank's anticipated…
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Technical Outlook

Pause in Decline Above Strong Support Area, Awaiting Federal Reserve Comments for Direction

English Analysis Mar 20, 2024

Bitcoin managed to rebound above $63,000 on Wednesday morning following a pullback from its recent peak, finding support just above the crucial Fibonacci level at $60,340 (38.2% retracement of the rally from $38,501 to $73,839) and the…
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Economy

British Inflation Dips Below Predictions, Fueling Anticipation of BoE Rate Reductions Later in 2024

English Analysis Mar 20, 2024

In February, British inflation displayed a slight easing, surpassing initial forecasts. This development has fueled expectations that the Bank of England might initiate interest rate cuts in the near future. Annual…
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Technical Outlook

Yen Weakens as Fed/BOJ Rate Gap Widens Further

English Analysis Mar 19, 2024

The USDJPY pair surged nearly 1% following a significant policy shift by the Bank of Japan (BOJ), signaling a dovish stance that suggests any future tightening of policies will be gradual. This move accentuates the already substantial…
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Central Banks

Bank of Japan Lifts Interest Rates for the First Time in 17 Years

English Analysis Mar 19, 2024

After nearly a decade of maintaining negative interest rates, the Bank of Japan (BOJ) has opted for a significant policy shift. This marks a departure from its previous strategy of stimulating economic growth through extensive monetary…
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Technical Outlook

Oil prices are on an upward trajectory, buoyed by an optimistic demand forecast.

English Analysis Mar 14, 2024

The price of WTI oil surged on Thursday, surpassing the significant psychological threshold of $80 and aiming for its first daily close above this mark since November 6th. Positive sentiment in the near term received a boost…
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Technical Outlook

GBPUSD maintains a positive outlook ahead of key US data releases.

English Analysis Mar 14, 2024

In early Thursday trading, the Cable is testing above the 1.2800 level, suggesting that the recent shallow correction from its recent 8-month high of 1.2893 may have run its course The two-day pullback found support around the rising…
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Technical Outlook

Gold prices fall from record highs, near $2,150 after hot CPI data

English Analysis Mar 13, 2024

Gold prices steadied in Asian trade on Wednesday, but were nursing a tumble from record highs after a strong U.S. inflation reading kept fears of higher-for-longer interest rates in play The yellow metal was also hit with a degree of…
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Technical Outlook

Oil higher on strong US demand, Fed policy in focus

English Analysis Mar 13, 2024

Oil prices surged on Wednesday, buoyed by robust global demand projections, particularly from the United States, the world's leading consumer of oil. Despite lingering concerns about inflation in the U.S., market sentiment remained largely…
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