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
EUR/USD – Recovery Requires Additional Positive Signals to Continue
The Euro gained traction, bouncing back by 0.3% after repeatedly finding support at the 100DMA (1.0814) following a pullback from the May 16 high of 1.0895. This formed an initial signal of a double-bottom pattern, suggesting a potential…
Read More...
Read More...
Gold – Hawkish Fed minutes dampen near-term sentiment further
Gold prices remain in the red for the third consecutive day, hitting their lowest point since May 15 during the early European session on Thursday, extending Wednesday’s 1.75% drop.
The Fed minutes, released late Wednesday, indicated…
Read More...
Read More...
Federal policymakers remain hopeful that inflation will keep declining – FOMC minutes reveal
The minutes from the US Federal Reserve's April 30 / May 1 FOMC policy meeting indicate that policymakers expect price pressures to continue easing, moving towards the 2% target in the coming months.
Recent inflation data…
Read More...
Read More...
The USDJPY maintains a strong stance in anticipation of the release of FOMC minutes.
Bullish momentum persists, with initial targets set at 156.78 (the high on May 14) and 157.01 (the Fibonacci 61.8% retracement level of the correction from 160.19 to 151.85).
The pair reached a new weekly high on Wednesday,…
Read More...
Read More...
The British pound hits a two-month high after the inflation data release, but bullish momentum lacks…
Cable surged to a two-month high of 1.2761 on Wednesday following the release of UK inflation data for April, which showed a decrease in price pressure below expectations, dampening speculation for a June rate cut by the Bank of…
Read More...
Read More...
Expectations for a Bank of England rate cut in June have been dampened by a smaller-than-anticipated…
Consumer prices in Britain rose by 2.3% year-on-year in April, a significant decrease from the 3.2% increase in March, marking the lowest rate in nearly three years (the CPI was 2.0% in July 2021). However, this rise fell short of the…
Read More...
Read More...
Oil declines for the third consecutive day due to the prospect of ‘higher for longer’…
On Wednesday, oil prices dipped by over 1%, marking a third consecutive retreat. This drop comes amidst expectations that the Federal Reserve might maintain higher interest rates in the U.S. for an extended period due to persistent…
Read More...
Read More...
Gold prices drop from record highs as concerns about interest rates continue
Gold prices fell in Asian trade on Tuesday, retreating from record highs as easing uncertainty over Iran reduced safe haven demand for the yellow metal, while concerns over U.S. interest rates persisted.
Among industrial metals, a rally…
Read More...
Read More...
Oil prices drop due to concerns about demand amid the Fed’s interest rate trajectory
Oil prices continued to decline in Asian trading on Tuesday as investors anticipated ongoing U.S. inflation and higher interest rates, which could reduce consumer and industrial demand.
Brent crude futures dropped 57 cents, or…
Read More...
Read More...
Gold prices have reached an all-time high, driven by geopolitical tensions and a surge in demand for…
Gold prices hit a record high in Asian trading on Monday, driven by heightened geopolitical tensions in the Middle East, which increased the demand for safe-haven assets. Additionally, a broader rally in metal markets contributed…
Read More...
Read More...