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EURGBP extends its strong rally into a second straight day, reaching its highest level in 4.5 months on Monday. The pound weakened due to dovish comments from Bank of England officials, who revised their outlook and now expect inflation to…
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WTI oil prices fell to their lowest level in nearly four weeks early Monday, following a brief surge on Friday triggered by Israel’s attack on Iran. The mood quickly turned negative as concerns about conflict escalation eased, and…
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USDJPY maintains a steady tone and continues to trade close to the key 155 barrier, where strong resistance halts the action amid expectations that Japan’s authorities might intervene at this level. The technical outlook on daily and…
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Gold briefly rose above the $2,400 mark for the second time, bolstered by heightened safe-haven demand after Israel's attack on Iran early Friday. Although the metal's price peaked at $2,417, the surge was…
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Thursday saw the dollar gaining momentum, propelled by robust US economic indicators. Weekly jobless claims held steady, matching last week's figures, while the Philadelphia Fed manufacturing index surged to a two-year high in April,…
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EURGBP experienced a decline in early Thursday's trading session, following two unsuccessful attempts to break above the falling 100-day moving average (0.8572) and the formidable resistance zone around 0.8580 (comprising the Fibonacci…
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The Euro exhibits a positive trend, edging up early Thursday following Wednesday's 0.5% rebound from a recent multi-month low. However, further evidence is required to confirm the initial reversal signal, especially considering the…
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Thursday saw another drop in WTI oil prices, extending the previous day's 3% decline, marking the second largest daily loss of 2024 and reaching a new three-week low. The unexpected increase in US crude inventories, as reported by the…
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Eurozone inflation took a further dip in March, aligning neatly with forecasts and reinforcing speculation about a potential interest rate cut by the European Central Bank (ECB) in June. The inflation rate in the euro area slipped to…
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Following a significant pullback of $100 per ounce from its recent peak, gold has once again approached the psychological threshold of $2400. Market sentiment remains largely positive, buoyed by ongoing geopolitical tensions and concerns…
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