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
Bitcoin – Near-Term Sentiment Sours Following 3% Drop Early Tuesday
Bitcoin dropped 3% in early Tuesday's sharp selloff, signaling the continuation of a bear-leg from the June 7 peak of 71,929.
Fresh bearish sentiment emerged after a mild recovery was repeatedly capped by the psychological 70K…
Read More...
Read More...
GOLD – Bears Pause Ahead of US CPI Data and FOMC Policy Decision
Gold prices edged lower in early trading on Tuesday, following Monday’s limited consolidation after nearly a 4% drop on Friday.
The near-term outlook remains bearish following Friday’s massive losses, which were triggered by…
Read More...
Read More...
The dollar continues to surge on increasing expectations that the Fed will maintain its higher…
The dollar index extended its strong rally on Monday, following a 0.8% advance on Friday and starting the week with a higher gap opening.
Upbeat May NFP numbers on Friday reinforced the hawkish stance, indicating that the Fed…
Read More...
Read More...
Euro Continues Decline Following NFP Report Amid French Snap Election News
The Euro opened significantly lower on Monday, hitting a one-month low and extending Friday's 0.8% decline, which was the largest single-day loss since April 12.
This drop in the Euro was influenced by much higher than expected US…
Read More...
Read More...
Gold Drops Sharply on China News, NFP in Focus
During European trading on Friday, the price of gold experienced a sharp decline following news that China’s central bank had halted gold purchases last month after acquiring the yellow metal for 18 consecutive months.
The…
Read More...
Read More...
USD/CHF at Multi-Week Low, Breaching Key Supports Ahead of US Jobs Data
USD/CHF remains on the back foot, hitting a new multi-week low early Friday as markets await the release of the US jobs report for May.
The recent bearish move from 0.9158 (the lower top on May 24) has found solid support in the…
Read More...
Read More...
ECB Delivers Its First Rate Cut Despite Persistent Inflation
The European Central Bank delivered its first interest rate cut since 2019 today, signaling progress in its ongoing effort to bring inflation down to its 2% target, while acknowledging that the battle is far from over.
The ECB…
Read More...
Read More...
GBP/USD – Extended consolidation expected before a fresh push higher
Cable is consolidating just below a new multi-week high of 1.2817, with near-term action supported by the rising 10-day moving average (1.2758) and poised for a fresh push higher to challenge the 2024 high of 1.2893.
Daily moving…
Read More...
Read More...
EUR/USD – Bulls maintain control ahead of key event: ECB policy decision
The Euro edged higher on Thursday morning, partially reversing a two-day pullback from a new multi-week high at 1.0915. However, today's action has been choppy and directionless as traders await the European Central Bank's (ECB)…
Read More...
Read More...
US Dollar Index – Reversal pattern forming on daily chart as strong US Services PMI data lend fresh…
The dollar index surged on Wednesday, driven by much stronger than expected US services PMI data (May 53.8 vs 51.0 forecast and April 49.4). This data indicated a return to growth in the services sector, with the May figure reaching a…
Read More...
Read More...