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
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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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)…
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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…
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