Trending
- Eurozone inflation edges higher in August, matching expectations
- Gold holds close to a new record high, with upcoming US labor data seen as potential trigger for fresh rally
- Dollar stays under pressure on Fed rate cut expectations, with focus turning to release of key US data
- Silver jumps above \$40 to reach the highest level since 2011
- US core inflation rises in July – PCE
- Gold extends gains above $3400, US inflation data in spotlight
- Dollar Index – recovery extends as bulls test critical resistances
- BTC/USD – bearish pressure persists while price remains under cloud base
- Gold rises amid heightened uncertainty following Trump’s firing of Fed Governor
- BTCUSD – bears back in control though key support remains resilient
Euro Zone Inflation Rises Unexpectedly in July
Euro zone inflation unexpectedly rose in July, ticking up to 2.6% from 2.5% in June, surpassing forecasts that anticipated an unchanged rate. The core CPI, the ECB’s key measure of underlying price growth that excludes volatile components…
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USDJPY Drops Sharply After BoJ Rate Hike and Bond-Buying Plan
The USDJPY accelerated lower in early European trading on Wednesday following the Bank of Japan's decision to raise interest rates from 0.10% to 0.25% and unveil a plan to halve its bond-buying program.
This move boosted the yen's…
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Bank of Japan’s Rate Hike Signals Major Shift in Monetary Policy
The Bank of Japan’s unexpected decision to raise interest rates and reduce its massive bond-buying program marks a significant shift in its monetary policy stance. This move has various immediate and…
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Dollar Index Surges on Strong US Data
The dollar index climbed to a three-week high on Tuesday, boosted by stronger-than-expected US JOLTS data and consumer confidence figures.
These solid numbers reinforce the view that the US economy remains resilient, providing fresh…
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AUDUSD Consolidates Around Key Support Levels
AUDUSD remains in extended consolidation around the base of a thick daily cloud (0.6538) and above the pivotal Fibo support at 0.6528 (61.8% of 0.6362/0.6798), following a steep decline over the past nine days.
While the bears take a…
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EURUSD Attempts Recovery After Monday’s Fall
EURUSD edged higher on Tuesday morning after Monday's significant drop was cushioned by strong support at 1.0807 (daily Kijun-sen / 50% retracement of 1.0666/1.0948 rally) and failed to close below the converged 55/200DMA’s…
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BTCUSD Rises on Dovish Central Banks and Pro-Crypto Remarks from Trump
BTCUSD surged on Monday, climbing 2.8% by early US trading, buoyed by dovish positions from major central banks and comments from Republican presidential candidate Donald Trump, who pledged more favorable regulations for the crypto…
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Sterling Weakens Amid BoE Rate Cut Speculations
The British pound continued to decline at the start of the week following a brief consolidation on Friday.
Current market bets indicate a 60% chance of a rate cut by the Bank of England at Thursday's policy meeting, putting…
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WTI Oil Opens Higher Amid Middle East Tensions, Faces Technical Resistance
WTI oil opened higher on Monday due to escalating supply concerns following the latest developments in the Middle East conflict, which threaten to deepen the crisis.
The price rebounded from last week’s low, retracing approximately 50%…
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US PCE Price Index Rises Slightly in June, Supporting Expectations for Fed Rate Cuts
The US personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge for monetary policy, edged up by 0.1% in June following a flat reading in May. On an annualized basis, the PCE price index increased…
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