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The British pound continued to decline at the start of the week following a brief consolidation on Friday. Current market bets indicate a 60% chance of a rate cut by the Bank of England at Thursday's policy meeting, putting…
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WTI oil opened higher on Monday due to escalating supply concerns following the latest developments in the Middle East conflict, which threaten to deepen the crisis. The price rebounded from last week’s low, retracing approximately 50%…
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The US personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge for monetary policy, edged up by 0.1% in June following a flat reading in May. On an annualized basis, the PCE price index increased…
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Gold prices increased on Friday as traders took profits from a sharp decline over the past two days, which saw a nearly 3% drop. The significant downturn on Thursday was triggered by strong US Q2 GDP numbers. The top of the daily…
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USD/JPY held a slight bullish bias on Friday, hinting at a potential reversal after Thursday's larger bearish movement stalled. This led to the formation of a long-tailed Doji candlestick, bouncing from a new multi-week low and creating a…
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The dollar index rose slightly on Friday morning, remaining within a volatile range for the sixth consecutive day. The long tails on the daily candles over the past two days and consistent closes above the upward-turning 10-day…
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The US economy's acceleration in the second quarter of 2024, paired with easing inflation, presents a multifaceted scenario for policymakers and financial markets. GDP growth at an annualized rate of 2.8%,…
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The steep decline in AUDUSD extends into its ninth consecutive day, accelerating on Thursday with a drop of 0.85% during the Asian and European sessions. The pair has reached its lowest levels since early May and is on track for…
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EURJPY continued its sharp decline into the fifth consecutive day, reaching an 11-week low early Thursday with a 1% drop during the Asian session. Recent interventions by Japanese authorities have…
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WTI oil prices fell nearly 2% on Tuesday, marking the biggest daily loss since June 3, as growing concerns about weaker demand from China and signals of a Fed rate cut in September dampened sentiment. Fresh bearish action pushed prices…
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