Trending
- Bitcoin sees intensified selling pressure after breaking important supports.
- Gold weakens further on unstable geopolitical backdrop
- Risk appetite improves on US–Iran talks optimism, weighing on the dollar
- Brent Falls Below $100 on US–Iran Talks Optimism
- British retail sales post a strong decline in April
- Eurozone PMI points to moderating economic expansion in May
- Gold bears pause near key support zone, though downside pressure persists as geopolitics stay in focus.
- Britain’s inflation rate cools unexpectedly in April
- Dollar Index retests key resistance levels following a period of consolidation.
- Brent crude reaches a two-week peak but encounters stiff resistance near the $110 area.
Eurozone economic growth saw an uptick in Q3, though the overall outlook remains bleak
The eurozone economy expanded more than expected in the third quarter, with GDP growth reaching 0.4%, up from 0.2% in the previous quarter and beating forecasts of 0.2%. Despite this growth, underlying issues such as stagnation in the…
Read More...
Read More...
BTCUSD challenges a key resistance zone, driven by rising expectations of a Trump election victory
BTCUSD maintains a firm tone, hovering near its new record high of 73,839 reached in March, after a strong 3.6% surge on Tuesday pushed it above 73K for the first time in seven and a half months, nearing its all-time peak.
Bitcoin has…
Read More...
Read More...
The U.S. goods trade deficit surged to its highest level in two and a half years in September
The U.S. goods trade deficit climbed to a 2.5-year high in September, reaching $108.2 billion, according to the Commerce Department’s Bureau of Economic Analysis. This 14.9% increase, the largest monthly rise since March 2022, reflects a…
Read More...
Read More...
Gold – bulls hold steady amid geopolitical tensions and uncertainty around the U.S. election
Gold maintains a strong position, trading just below last week's record high, driven by solid safe-haven demand amid ongoing geopolitical tensions and increasing U.S. election uncertainty.
Markets are now focused on upcoming U.S. labor…
Read More...
Read More...
Oil opens with a gap down as supply concerns ease following Israel’s strike on Iran
WTI oil opened with a wide gap down on Monday, dropping to nearly one-month lows with a 5% decline at the start of the week.
The primary driver was Israel’s weekend strike on Iran, which left Iran’s oil facilities unaffected, easing…
Read More...
Read More...
German business sentiment improved more than anticipated in October, according to the Ifo Institute
The latest survey from the Ifo Institute shows a surprising boost in German business sentiment, with the Ifo business climate index rising to 86.5 in October, up from September’s 85.4 and beating market expectations of 85.6. This increase…
Read More...
Read More...
EURUSD – weaker-than-expected PMI data and a dovish stance from the ECB are likely to hinder ongoing…
The recovery is likely to remain limited, as the pair is entrenched in a broader downtrend driven by both negative technical signals and weak fundamentals.
Recent PMI data from the EU, Germany, and France revealed mixed results. French…
Read More...
Read More...
AUDUSD – bearish momentum pauses, but a clearer directional signal is anticipated with a breakout on…
AUDUSD edged higher on Thursday morning after bears repeatedly failed to break through the 200-day moving average support at 0.6627.
The recovery is in its early stages and requires further upside movement to confirm a stronger bullish…
Read More...
Read More...
Dollar climbs higher on a more cautious Fed rate cut outlook
The dollar continues its strong bullish rally for the third straight day, fueled by expectations that a Trump victory in the U.S. presidential election would bolster the economy and ease pressure on the Federal Reserve. Additionally,…
Read More...
Read More...
USDJPY climbed 1% in Wednesday morning trading
A strong upward movement during Asian and early European trading on Wednesday saw the USDJPY rise by 1%, reaching new multi-week highs last seen in late July.
The recent breach of the psychological 150 barrier was accompanied by a…
Read More...
Read More...