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USDJPY extends its decline for the fifth consecutive session, pressured by a double rejection at the 148.49 Fibo barrier (76.4% of the 151.15/139.88 decline) and a bull-trap formation, which triggered a shift in direction. The drop is…
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GBPUSD surged nearly 100 pips on Monday morning, driven by a weaker dollar following the unexpected US credit rating downgrade and the recent EU/UK defense agreement. The fresh advance is challenging the three-day consolidation range,…
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The dollar index remained confined within a tight range on Friday, trading a few hundred pips below the recent one-month high of 101.76, yet maintaining a bullish stance above the critical 100 level. The index is set for a second…
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WTI oil prices dropped over 3% on Thursday morning as optimism faded following positive news on US-Iran nuclear talks, which could lead to easing sanctions on Iranian oil exports, and a sharp unexpected rise in US crude inventories,…
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GBP/USD maintains a strong short-term outlook, extending its rebound following Tuesday’s 1% surge, which generated a positive signal by retracing over 50% of the 1.3444/1.3139 pullback and forming a bullish engulfing pattern on the daily…
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Gold prices tumbled on Wednesday, breaching key support levels as optimism surrounding the US-China trade agreement reduced fears of a broader economic crisis, overshadowing safe-haven demand. Renewed risk appetite drove gold below…
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USDJPY continues to retreat from a fresh multi-week high of 148.64 for the second consecutive day, as overbought conditions triggered profit-taking. The broader uptrend encountered strong resistance from the descending daily Ichimoku…
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The US consumer price index rose by 0.2% month-over-month in April, following a 0.1% decline in March (the first negative figure in five years), falling short of the expected 0.3% increase. Year-over-year inflation rose by 2.3% in April,…
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The Dow Jones surged to its highest level in nearly six weeks at the start of Monday's US session, building on a strong gap-higher open in Asia and advancing around 1.3% since then. The rally was fueled by a new trade deal between the US…
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WTI oil prices surged over \$2 on Monday following the successful US-China trade talks over the weekend, which eased tensions and signaled progress toward resolving the trade conflict between the world’s two largest oil consumers. The…
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