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- Gold Surges Beyond $5200, Poised for Seventh Straight Monthly Advance
- WTI Oil – Sharp Pullback Followed by Swift Rebound Signals Healthy Correction Before Renewed Upside Move
- German Consumer Sentiment Seen Deteriorating Further in March – GfK
- AUDUSD Supported by Stronger-Than-Expected Inflation, Though Dovish RBA Governor Caps Upside Momentum
- Japanese Yen Slides Nearly 1% Amid Renewed Monetary Policy Uncertainty
- WTI Oil – Bulls Maintain Control Amid Escalating Supply Disruption Fears
- BTCUSD drops to a three-week low amid uncertainty surrounding U.S. tariff developments.
- Gold breaks above the upper boundary of its recent trading range, triggering a renewed bullish signal.
- U.S. economic growth decelerated sharply in the fourth quarter, falling significantly short of forecasts, while inflationary pressures continued to run high
- UK unemployment rises to highest level in years while pay growth slows, boosting rate-cut bets.
EURUSD remains positive despite Powell’s more hawkish-than-expected comments
EURUSD is consolidating within a narrow range on Thursday morning, following a strong rally on Wednesday (up 0.65%), and remains constructive despite Wednesday’s upside rejection and a bull-trap above the converged 10/20DMA’s.…
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Dollar drops sharply on softer-than-expected US May inflation numbers
The US dollar fell across the board in immediate reaction to softer-than-expected US May inflation numbers, reviving hopes for a Fed rate cut in September.
US month-on-month consumer prices were flat in May after a 0.3%…
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Cable remains positive despite weak UK GDP numbers, with all eyes on the US CPI and Fed decisions.
Cable edged higher in European trading on Wednesday, showing little reaction to overall negative UK economic data, including flat GDP in April and sharp declines in construction and manufacturing output. Traders are awaiting the release of…
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UK Economic Growth Slows in April – A Negative Signal for the Conservative Party Ahead of Election
UK month-on-month gross domestic product was flat in April, matching expectations after a 0.4% rise in March. The annualized GDP increased by 0.6% in April, down slightly from 0.7% the previous month, in line with forecasts.…
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USDJPY remains positive, awaiting US inflation data and the Fed decision for new direction signals.
USDJPY remains constructive, probing above the 157 barrier (the upper boundary of the triangular consolidation and the 61.8% Fibonacci retracement of the 160.19/151.85 bear-leg). However, ranges are narrowing ahead of key releases…
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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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