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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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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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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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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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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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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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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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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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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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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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