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The Euro gained traction, bouncing back by 0.3% after repeatedly finding support at the 100DMA (1.0814) following a pullback from the May 16 high of 1.0895. This formed an initial signal of a double-bottom pattern, suggesting a potential…
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Gold prices remain in the red for the third consecutive day, hitting their lowest point since May 15 during the early European session on Thursday, extending Wednesday’s 1.75% drop. The Fed minutes, released late Wednesday, indicated…
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The minutes from the US Federal Reserve's April 30 / May 1 FOMC policy meeting indicate that policymakers expect price pressures to continue easing, moving towards the 2% target in the coming months. Recent inflation data…
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Bullish momentum persists, with initial targets set at 156.78 (the high on May 14) and 157.01 (the Fibonacci 61.8% retracement level of the correction from 160.19 to 151.85). The pair reached a new weekly high on Wednesday,…
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Cable surged to a two-month high of 1.2761 on Wednesday following the release of UK inflation data for April, which showed a decrease in price pressure below expectations, dampening speculation for a June rate cut by the Bank of…
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Consumer prices in Britain rose by 2.3% year-on-year in April, a significant decrease from the 3.2% increase in March, marking the lowest rate in nearly three years (the CPI was 2.0% in July 2021). However, this rise fell short of the…
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On Wednesday, oil prices dipped by over 1%, marking a third consecutive retreat. This drop comes amidst expectations that the Federal Reserve might maintain higher interest rates in the U.S. for an extended period due to persistent…
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Gold prices fell in Asian trade on Tuesday, retreating from record highs as easing uncertainty over Iran reduced safe haven demand for the yellow metal, while concerns over U.S. interest rates persisted. Among industrial metals, a rally…
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Oil prices continued to decline in Asian trading on Tuesday as investors anticipated ongoing U.S. inflation and higher interest rates, which could reduce consumer and industrial demand. Brent crude futures dropped 57 cents, or…
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Gold prices hit a record high in Asian trading on Monday, driven by heightened geopolitical tensions in the Middle East, which increased the demand for safe-haven assets. Additionally, a broader rally in metal markets contributed…
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