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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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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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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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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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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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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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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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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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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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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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