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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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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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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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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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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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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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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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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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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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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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