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GBP/JPY continues its unobstructed uptrend, hitting a new multi-year high (the highest since 2008) early Monday. The pair has extended its steep ascent for the eleventh consecutive day, following its sixth straight monthly gain in June.…
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GBP/USD edged higher in European trading on Friday ahead of the release of US inflation data, the key economic event of the day. The better-than-expected UK Q1 GDP numbers also contributed to the improving sentiment. The…
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Recent data indicates that the UK's GDP growth of 0.7% in Q1 2024 exceeded expectations and marked an exit from recession. Despite this positive economic performance, broader economic conditions remain fragile due to low long-term…
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The dollar index declined on Thursday following slightly better-than-expected US economic data and warnings from Japanese authorities about possible action against the yen's sharp decline. The US economy grew by 1.4% in Q1, exceeding the…
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In the near term, silver remains in a bearish trend, breaking the initial pivot at $28.65 (June 13 low) and putting pressure on other key supports at $28.49 and $28.25 (Fibo 38.2% retracement of $26.00/$32.51 and daily cloud base,…
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On Wednesday, USD/JPY reached a new multi-decade high, climbing above 160, as bullish momentum regained control following a two-day consolidation. The fresh move above the psychological 160 barrier indicates strong bids,…
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Gold prices fell to a one-week low on Wednesday, driven down by recent hawkish remarks from Fed policymakers. The US central bank intends to tackle inflation by maintaining the policy rate unchanged for the…
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The Australian dollar surged 0.9% against the New Zealand dollar on Wednesday morning, driven by renewed hawkish signals suggesting the RBA may consider a rate hike next month. This followed Australia's…
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The Australian dollar climbed 0.6% early Wednesday, buoyed by higher-than-expected inflation figures. The inflation rate for May rose to 4.0%, compared to 3.6% in April and surpassing the forecast of 3.8%, marking the highest…
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The dollar index regained traction on Tuesday, edging higher after a 0.4% drop on Monday. The pullback was contained by the top of the daily cloud, representing a mild correction within a larger uptrend that remains intact.…
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