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- WTI crude – bearish momentum pauses as market consolidates ahead of potential renewed downside move
- Gold continues to set fresh record highs in every session, reaching close to $4400 during Friday’s trading.
- Dollar index – pullback encounters strong support at key technical level
- USDJPY extends its pullback on growing rate cut expectations, though key support levels remain intact
- EURUSD – fresh rebound requires daily cloud break to improve near-term outlook
- Gold – bulls pause briefly below the new record high
- Silver hits a new record high, supported by robust safe-haven demand and mounting concerns over supply constraints
- Bitcoin rebounds strongly, recovering over half of its recent sharp decline
- GOLD – Shallow correction from new record high keeps broader bullish trend intact
- Dollar’s upward momentum stalls near a key Fibonacci level, limiting further bullish progress.
UK Inflation Surpasses Expectations in November
Inflation in Great Britain rose above expectations in November, reaching its highest level since March, though the negative impact was partially offset by unchanged services inflation, one of the key indicators for underlying inflation…
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USD/JPY – The dollar continues to be well-supported by the wide divergence between the Fed’s and the…
USD/JPY remains steady, though trading in a narrower range on Wednesday, as investors await the FOMC decision later today.
Tuesday’s dip from a three-week high, which interrupted a six-day rally, is likely to be short-lived, as the…
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AUD/USD slides to a new low for 2024 as markets brace for a widely anticipated hawkish rate cut by…
AUD/USD has reached a new low for 2024, trading near its lowest level since October 2023 on Thursday, following a strong bearish signal generated by Tuesday's close below the previous annual low (0.6348, August 5 spike low).
The…
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Gold remains under pressure and targets key support levels
Gold prices extended their decline on Tuesday morning, following a two-day sharp drop (down 2.5%) that paused on Monday.
A stronger dollar, driven by growing expectations of elevated U.S. interest rates, continues to pressure the metal’s…
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Anticipation of sustained higher Federal Reserve interest rates to support the dollar in the long…
The dollar index strengthened in early Tuesday trading, nearing the recovery highs from the December 6 low of 105.37.
Despite Friday and Monday forming Doji candles signaling indecision, the pattern likely reflects a brief consolidation…
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Gold prices hold steady ahead of Fed rate decision; copper declines on weak China data
Gold prices remained subdued in Asian trade on Monday, consolidating recent losses as investors stayed focused on the U.S. dollar ahead of the Federal Reserve’s final meeting of the year.
Meanwhile, copper prices came under pressure due…
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Oil prices dip amid weak Chinese spending data
Oil futures retreated from multi-week highs on Monday, weighed down by disappointing consumer spending data from China, the world’s largest oil importer.
Brent crude futures declined by 32 cents, or 0.4%, to $74.17 per barrel by 1300…
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GBP/USD extends decline following weak UK economic data; potential consolidation may precede another…
GBP/USD extended its decline on Friday, remaining in the red for the third consecutive session as a stronger dollar and unexpectedly weak UK October GDP figures weighed on the pair.
The fresh weakness tested support at 1.2618 (last…
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EUR/USD – ECB rate cut and dovish stance deepen bearish fundamentals
EUR/USD – Post-ECB trading remains choppy, with the pair confined to a 50-pip range, offering little clarity on near-term direction.
The European Central Bank’s 25-basis-point rate cut and dovish tone, signaling openness to further…
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Swiss Franc weakens following an unexpected 0.50% rate cut by the Swiss National Bank (SNB)
USD/CHF surged to a two-week high with a 0.8% jump on Thursday morning, following an unexpected 50 basis points rate cut by the Swiss National Bank (SNB), reducing the rate from 1% to 0.50%. The move surprised markets, which had anticipated…
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