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  • Gold holds steady near the $4,000 level but continues to lack clear directional cues.
  • GBPUSD – modest advance after BoE holds interest rates steady
  • Dollar Index – bulls may pause for consolidation after breaking key resistance levels at the psychological 100 mark and the nearby falling 200DMA
  • WTI Oil – sellers reclaim control amid demand worries; focus turns to reaction at key $60 support level
  • USDJPY – bulls take a breather in tight consolidation, awaiting a fresh directional cue
  • EURUSD – bears maintain control, with consolidation likely before a potential break below the key 1.1500 support area
  • GBPUSD – sharp selloff deepens, breaking below key support zone
  • USDJPY jumps to multi-month high following Fed and BoJ policy announcements
  • EURGBP climbed to its highest level in more than two years as growing expectations of a dovish shift in Bank of England policy, coupled with mounting concerns over the UK’s fiscal outlook, continued to pressure the pound.
  • GBPUSD extends sharp losses as expectations for a Bank of England rate cut increase

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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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Lastest Posts
  • Gold holds steady near the $4,000 level but continues to lack clear directional cues.

  • GBPUSD – modest advance after BoE holds interest rates steady

  • Dollar Index – bulls may pause for consolidation after breaking key resistance levels at the psychological 100 mark and the nearby falling 200DMA

  • WTI Oil – sellers reclaim control amid demand worries; focus turns to reaction at key $60 support level

  • USDJPY – bulls take a breather in tight consolidation, awaiting a fresh directional cue

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