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EURUSD extends its sharp decline into a second consecutive day, trading near a 1.5-month low on Friday. Fresh risk aversion stemming from growing political uncertainty in France, which is affecting the entire eurozone, has put significant…
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EURGBP hit a new multi-month low on Friday, reaching its lowest level since early August 2022. It is on track for its biggest weekly loss since early January, following a gap lower at the start of the week due to growing political…
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Gold is likely to retest the recent record high and challenge the psychological $2500 level in the coming months, as all key factors driving the metal’s price remain supportive. Persisting geopolitical tensions and threats of…
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EURUSD is consolidating within a narrow range on Thursday morning, following a strong rally on Wednesday (up 0.65%), and remains constructive despite Wednesday’s upside rejection and a bull-trap above the converged 10/20DMA’s.…
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The US dollar fell across the board in immediate reaction to softer-than-expected US May inflation numbers, reviving hopes for a Fed rate cut in September. US month-on-month consumer prices were flat in May after a 0.3%…
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Cable edged higher in European trading on Wednesday, showing little reaction to overall negative UK economic data, including flat GDP in April and sharp declines in construction and manufacturing output. Traders are awaiting the release of…
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UK month-on-month gross domestic product was flat in April, matching expectations after a 0.4% rise in March. The annualized GDP increased by 0.6% in April, down slightly from 0.7% the previous month, in line with forecasts.…
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USDJPY remains constructive, probing above the 157 barrier (the upper boundary of the triangular consolidation and the 61.8% Fibonacci retracement of the 160.19/151.85 bear-leg). However, ranges are narrowing ahead of key releases…
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Bitcoin dropped 3% in early Tuesday's sharp selloff, signaling the continuation of a bear-leg from the June 7 peak of 71,929. Fresh bearish sentiment emerged after a mild recovery was repeatedly capped by the psychological 70K…
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Gold prices edged lower in early trading on Tuesday, following Monday’s limited consolidation after nearly a 4% drop on Friday. The near-term outlook remains bearish following Friday’s massive losses, which were triggered by…
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