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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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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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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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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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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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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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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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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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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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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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