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Following a robust rally over the past couple of weeks, the USDJPY pair is currently undergoing a period of consolidation just below critical resistance levels at 150.90/94, corresponding to the highs of 2023/22. The surge in USDJPY can…
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Gold prices saw an uptick in Asian trading this Monday, yet they lingered beneath their recent peak levels due to the ongoing dominance of the dollar. The strength of the dollar exerted significant pressure on metal markets, keeping gold…
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Oil steadied on Friday with Brent crude hovering above $85 a barrel, as the likelihood of a ceasefire in Gaza gained momentum. Brent crude futures fell two cents to $85.76 a barrel by 1017 GMT, while U.S. West Texas Intermediate (WTI)…
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On Friday, gold prices continued to decline, extending their pullback from the new record high of $2222 reached on Thursday, following a strong rejection upon testing the psychological barrier of $2200. The precious metal faced increased…
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In March, there were signs of slight improvement in Euro zone business activity, as indicated by the Purchasing Managers’ Index (PMI). Although the recovery was uneven, with services activity accelerating while the manufacturing sector…
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The USDCHF surged by 1% during the early European session on Thursday, spurred by the Swiss National Bank's unexpected decision to slash interest rates by 25 basis points. Market expectations had leaned towards the central bank maintaining…
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In a surprising move, the Swiss National Bank (SNB) has reduced its main interest rate by 25 basis points to 1.50%, diverging from the widely held expectation of maintaining rates at 1.75%. This unexpected decision positions the SNB as…
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The dollar index continues its upward trajectory, reaching a two-week high on Wednesday. This surge is fueled by optimistic sentiments regarding the Federal Reserve's forthcoming monetary policy decision. The central bank's anticipated…
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Bitcoin managed to rebound above $63,000 on Wednesday morning following a pullback from its recent peak, finding support just above the crucial Fibonacci level at $60,340 (38.2% retracement of the rally from $38,501 to $73,839) and the…
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In February, British inflation displayed a slight easing, surpassing initial forecasts. This development has fueled expectations that the Bank of England might initiate interest rate cuts in the near future. Annual…
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