Trending
- Gold Surges Beyond $5200, Poised for Seventh Straight Monthly Advance
- WTI Oil – Sharp Pullback Followed by Swift Rebound Signals Healthy Correction Before Renewed Upside Move
- German Consumer Sentiment Seen Deteriorating Further in March – GfK
- AUDUSD Supported by Stronger-Than-Expected Inflation, Though Dovish RBA Governor Caps Upside Momentum
- Japanese Yen Slides Nearly 1% Amid Renewed Monetary Policy Uncertainty
- WTI Oil – Bulls Maintain Control Amid Escalating Supply Disruption Fears
- BTCUSD drops to a three-week low amid uncertainty surrounding U.S. tariff developments.
- Gold breaks above the upper boundary of its recent trading range, triggering a renewed bullish signal.
- U.S. economic growth decelerated sharply in the fourth quarter, falling significantly short of forecasts, while inflationary pressures continued to run high
- UK unemployment rises to highest level in years while pay growth slows, boosting rate-cut bets.
GBPUSD – Bulls Encounter Resistance Headwinds but Maintain Their Hold for Now
Bulls are showing early signs of fatigue as GBPUSD edges closer to the key resistance at 1.3434 — the 2024 high from September 26 — after repeatedly failing to sustain moves above the 1.3400 mark.
Heavily overbought conditions on the…
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USDJPY – Bears likely to pause near key support zone at 140.00/139.57
USDJPY saw a slight uptick on Tuesday after bears broke the psychological 140 support level, reaching a new multi-month low at 139.88, and came close to testing the key mid-term support at 139.57, the 2024 low from September 16.
Partial…
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Gold Soars Past $3500
Gold surged dramatically since Monday's opening at $3333, reaching $3500 by Tuesday morning, marking a 5% increase in just over 24 hours.
The rally that began at the start of the year shows no signs of slowing down, with gold climbing…
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Japan’s Inflation Accelerates in March, Increasing Pressure on the BOJ
Japan’s core consumer price index — which includes oil products but excludes fresh food — rose by 3.2% in March, matching forecasts but accelerating from 3.0% in February.
The increase was mainly driven by a persistent rise in food…
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Crude Oil – Solid Weekly Rally Signals Rebound, but Weak Demand Outlook Weighs on Sentiment
WTI crude marked its second consecutive weekly gain, rising 3.3% this week, buoyed by growing optimism over easing trade tensions between the United States and the European Union, the prospect of a possible deal, fresh U.S. sanctions on…
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Dollar Index – Tight consolidation expected before fresh drop, with 100 level acting as key barrier
The dollar index remains stuck in a narrow consolidation just above fresh multi-month lows, extending its sideways movement into a fifth consecutive session.
Larger bearish momentum is taking a breather following a steep two-week slide,…
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China’s GDP expanded more than expected in the first quarter, offering a stronger-than-anticipated…
China’s economy expanded at a faster-than-expected pace in the first quarter, supported by strong industrial output and resilient consumer spending, which together drove upbeat early-year performance.
Gross domestic product rose 5.4%…
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Gold surges to a fresh all-time high, breaking above $3300
Gold surged past the key psychological barrier at $3300, setting a new record high on Wednesday morning, as escalating tensions in the US-China trade war triggered a renewed rush into safe-haven assets, with additional support coming from a…
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AUDUSD extends its rally for a fifth consecutive session, approaching key resistance levels
AUDUSD extended its strong rally into a fifth consecutive session on Tuesday, reaching a two-week high, as continued weakness in the US dollar and firmer commodity prices provided solid support for the Aussie dollar.
The technical…
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German investor sentiment dropped in April at its sharpest rate since early 2022, according to the…
Data released Tuesday by the ZEW economic research institute showed a sharp drop in German investor sentiment, with the index falling to -14 in April from 51.6 the previous month — far below expectations for a rise to 10.6.
This marks…
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