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- Gold Trades Cautiously Ahead of Key U.S. Jobs Report
- U.S. Private Payroll Growth Slows Sharply in May – ADP
- GOLD – Bullish Bias Persists Above Broken Triangle’s Upper Boundary
- Eurozone Inflation Slows More Than Expected in May
- Oil Prices Climb Nearly 4%, Key Resistance Levels Come Under Pressure
- Gold Prices Surge Amid Renewed Tariff Concerns and Geopolitical Tensions
- GBP/USD – Initial Support Levels Temporarily Halt the Pullback
- USD/JPY – Breakthrough of 4-Hour and Daily Ichimoku Cloud Bases Signals Potential for Deeper Short Squeeze
- Gold slips as dollar firms, though broader bullish trend likely to hold
- Kiwi dollar tests 0.60 pivot once more and reaches new 2025 high
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…
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The UK economy expanded at a pace significantly exceeding expectations in May
In May, UK gross domestic product (GDP) rose by 0.4% month-on-month, surpassing April's 0.2% increase and exceeding expectations for a 0.2% rise. The Bank of England's projection of 0.5% growth for the second quarter now appears…
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Gold prices climb on renewed rate cut expectations; US inflation data in the spotlight
Gold prices rose on Wednesday, buoyed by recent comments from Fed Chair Powell that rekindled expectations of a rate cut after several delays in the start of policy easing.
Powell's testimony on Tuesday hinted that the central bank…
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The Turkish lira is expected to decline further as ultra-high interest rates have had little…
USD/TRY – Fresh advance after a shallow correction reclaims the 33 mark and approaches the new record high of 33.13 set on June 25.
The lira remains under strong pressure due to high inflation (over 70%) and a significant trade deficit.…
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NZD Drops 1% Following Dovish RBNZ Announcement
NZDUSD fell sharply on Wednesday morning, down nearly 1%, pressured by the Reserve Bank of New Zealand’s dovish stance. The central bank kept interest rates steady at 5.5%, as expected, but signaled the possibility of rate cuts if…
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WTI Oil – Correction Expected to Find Firm Support Around $80 Zone
WTI oil prices are easing for the third consecutive day, correcting lower from a new multi-week high of $84.50, the highest level since mid-April.
Bulls lost traction after the hurricane's milder-than-expected impact on oil installations…
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GBPUSD – Bulls Pause Ahead of Powell’s Remarks
Cable is trading within a narrow range just below a new multi-week high during European trading on Tuesday, as markets anticipate today's key event – Fed Chair Powell's testimony.
The long upper shadow of Monday’s daily candle and…
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BTCUSD – Major Bears Pause, Consolidation Limited by 200DMA
The larger bears are taking a breather for the fourth consecutive day, holding above the lowest levels since late February.
The technical picture on the daily chart remains firmly bearish, with consolidation being capped by the 200 DMA,…
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EURUSD – Bullish Outlook Above Daily Cloud
EURUSD opened lower on Monday but quickly rebounded as larger bulls regained control, pushing the price towards last Friday’s multi-week high of 1.0842.
The dip was contained by the psychological support at 1.0800, which also…
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The US economy added slightly more jobs than expected in June, but the unemployment rate rose above…
The closely watched employment report from the US Labor Department’s Bureau of Labor Statistics revealed that US Nonfarm payrolls increased by 206,000 jobs in June, surpassing the expected rise of 190,000 and against May’s downwardly…
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