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
USDJPY could decline further if US retail sales miss expectations in June
USDJPY remains in an extended consolidation phase following last week’s sharp fall, triggered by US inflation data and intervention by Japanese authorities.
The near-term action is holding above the 55-day moving average (157.55), which…
Read More...
Read More...
Gold advances further on Powell’s dovish comments
Gold prices rose further in early Tuesday trading following dovish comments from Fed Chair Powell in his Monday speech. This has heightened expectations that the Fed may soon decide to start cutting interest rates.
Powell…
Read More...
Read More...
The Dollar Index remains in the red as markets await Powell’s speech
The dollar index turned red on Monday after initially opening higher due to market reactions to the assassination attempt on former President Donald Trump. However, dollar-negative sentiment prevailed during the European and early…
Read More...
Read More...
The cable is holding near the 1.30 barrier ahead of Powell’s speech
The cable maintained its strong stance on Monday, hitting a new yearly high and trading just below the psychological barrier of 1.30.
Over the past two weeks, the pair has made significant gains, although bulls may face…
Read More...
Read More...
China’s economic growth slowed in Q2, highlighting the need for additional stimulus measures
China’s economy grew by 4.7% in the second quarter, marking the slowest pace of growth since Q1 2023. This is a decline from the 5.3% expansion in the first three months of 2024 and falls short of the expected 5.1% growth.
The…
Read More...
Read More...
Bitcoin surges to a two-week high on Monday
BTCUSD surged nearly 5% in early Monday trading, breaking above the $63K barrier for the first time in two weeks. The fresh rally extends into its third consecutive day, accelerating higher after the weekend's assassination…
Read More...
Read More...
EURUSD – bulls maintain momentum for further gains
EURUSD continues to trend higher, showing minimal negative impact from hotter-than-expected US PPI data (June 0.2% m/m vs 0.1% forecast and 0.0% in May).
The latest bullish leg extends into its third consecutive day, pressuring…
Read More...
Read More...
The dollar index is consolidating above its one-month low, with prospects for further losses
On Friday, the dollar index remained defensive, consolidating below a new one-month low of 103.74 set after Thursday’s 0.8% decline.
The weaker-than-expected US CPI data for June deflated the greenback, increasing expectations…
Read More...
Read More...
Gold may continue to rally following US CPI data, which has increased expectations for a Fed rate…
Gold prices eased from a new seven-week high on Friday morning as traders took profits following Thursday’s 1.9% rally, sparked by US CPI data.
The yellow metal received a fresh boost from cooler-than-expected US inflation,…
Read More...
Read More...
Stronger-than-expected UK GDP numbers lift Cable to a four-month high
On Thursday, the British pound (Cable) reached a new four-month high in European trading, buoyed by better-than-expected UK GDP numbers for May. This dampened expectations of a rate cut by the Bank of England next month
The renewed…
Read More...
Read More...