Trending
- Japan’s Inflation Accelerates in March, Increasing Pressure on the BOJ
- Crude Oil – Solid Weekly Rally Signals Rebound, but Weak Demand Outlook Weighs on Sentiment
- Dollar Index – Tight consolidation expected before fresh drop, with 100 level acting as key barrier
- China’s GDP expanded more than expected in the first quarter, offering a stronger-than-anticipated start to the year, even as markets brace for the economic impact of newly imposed U.S. tariffs
- Gold surges to a fresh all-time high, breaking above $3300
- AUDUSD extends its rally for a fifth consecutive session, approaching key resistance levels
- German investor sentiment dropped in April at its sharpest rate since early 2022, according to the latest ZEW survey
- GBP/USD – Bulls retest the 1.3200 level while monitoring UK data for additional cues
- Dollar Index — Modest Rebounds Likely Before Renewed Downside Move
- The safe-haven Swiss franc hits its highest levels in a decade against the US dollar as the trade war escalates
WTI oil prices are entering a corrective phase following a sharp decline
Bears are pausing after a sharp three-day decline, during which oil prices dropped 5%, driven by easing tensions in the Middle East and a rise in U.S. crude inventories (as per the API report).
Oversold daily indicators and…
Read More...
Read More...
Gold prices are consolidating just below their new record high as markets await the FOMC minutes
Gold remains strong, consolidating just below its new record high of $2,531 set on Tuesday, with a third consecutive daily close above the $2,500 mark, signaling a potential breakout.
The metal continues its steep multi-month uptrend,…
Read More...
Read More...
GBP/USD climbs above 1.30 for the first time since mid-July
GBP/USD broke above the psychological 1.30 level on Tuesday, marking its first push beyond this barrier since July 17/18.
The rally from the August 8 low of 1.2664—where the rising daily cloud halted the previous downtrend and triggered…
Read More...
Read More...
USD Index Slips to Multi-Month Low as Focus Shifts to FOMC Minutes and Fed Chair Powell’s Speech
The dollar index dropped to a new multi-month low on Tuesday, continuing its steep decline for the third consecutive day.
Short-term sentiment remains bearish amid renewed risk appetite, as markets have fully priced in a 25 basis point…
Read More...
Read More...
EUR/USD: Bulls Maintain Control for Continued Gains; Shallow Correction Expected Before New Upsurge
EUR/USD reached a new 2024 high of 1.1088 on Tuesday, but signs of fatigue are emerging among bulls following a strong rally over the past two days.
Fundamentals remain supportive, with the Eurozone’s trade surplus widening…
Read More...
Read More...
China keeps key lending benchmarks unchanged as anticipated
China’s decision to keep its benchmark lending rates unchanged in August aligns with market expectations and highlights the challenges facing the country's banking sector. The one-year Loan Prime Rate (LPR) remains at 3.35%, while the…
Read More...
Read More...
AUD/USD continues to climb ahead of the FOMC minutes and Powell’s speech at the Jackson Hole…
AUD/USD climbed to its highest level in nearly a month on Monday, building on Friday’s 0.9% gain and a 1.5% rise last week.
The pair is now in its third consecutive week of strong gains, with the recent acceleration driven by…
Read More...
Read More...
The Japanese yen regains momentum against the dollar amid renewed expectations of a dovish stance…
USD/JPY extends its decline on Monday, signaling that the corrective phase from the 141.68 low (August 5 spike) may be coming to an end.
The rally from 141.68 faced repeated resistance at the key Fibonacci level of 149.36 (38.2%…
Read More...
Read More...
The dollar stays on the defensive as expectations grow for a dovish stance from the Fed.
The dollar index remains deep in negative territory in early Monday trading, extending Friday’s 0.93% decline and breaking key support at 101.94 (the August 5 low, marking an eight-month low).
The dollar weakened broadly amid renewed…
Read More...
Read More...
EUR/USD: Break Above 1.10 Strengthens Bullish Outlook, Limited Pullbacks Expected
EUR/USD maintains a strong tone at the start of the week, extending gains above the key 1.10 psychological level after closing above it last week for the first time since late December.
Bulls also cleared the 1.1012 Fibonacci resistance…
Read More...
Read More...