The dollar index remained confined within a tight range on Friday, trading a few hundred pips below the recent one-month high of 101.76, yet maintaining a bullish stance above the critical 100 level. The index is set for a second consecutive daily close above the psychological 100 support and a fourth straight weekly gain. However, the long…

WTI oil prices dropped over 3% on Thursday morning as optimism faded following positive news on US-Iran nuclear talks, which could lead to easing sanctions on Iranian oil exports, and a sharp unexpected rise in US crude inventories, intensifying concerns about oversupply. The sharp decline extended the pullback from the recent recovery peak at…

GBP/USD maintains a strong short-term outlook, extending its rebound following Tuesday’s 1% surge, which generated a positive signal by retracing over 50% of the 1.3444/1.3139 pullback and forming a bullish engulfing pattern on the daily chart. The rally continued on Wednesday, surpassing the 61.8% Fibonacci retracement, further reinforcing a…

Gold prices tumbled on Wednesday, breaching key support levels as optimism surrounding the US-China trade agreement reduced fears of a broader economic crisis, overshadowing safe-haven demand. Renewed risk appetite drove gold below pivotal levels at \$3,228 (50% Fibonacci retracement of the \$2,956/\$3,500 rally), which previously withstood…

USDJPY continues to retreat from a fresh multi-week high of 148.64 for the second consecutive day, as overbought conditions triggered profit-taking. The broader uptrend encountered strong resistance from the descending daily Ichimoku cloud, with a brief attempt to penetrate the cloud (spanning 147.87 to 150.56) proving short-lived. The pair also…

The Dow Jones surged to its highest level in nearly six weeks at the start of Monday's US session, building on a strong gap-higher open in Asia and advancing around 1.3% since then. The rally was fueled by a new trade deal between the US and China, which eased market anxiety after weeks of volatility driven by fears of a global trade war and its…

WTI oil prices surged over \$2 on Monday following the successful US-China trade talks over the weekend, which eased tensions and signaled progress toward resolving the trade conflict between the world’s two largest oil consumers. The positive developments boosted market sentiment, significantly improving the demand outlook and further…

Gold prices dropped roughly 2.5% at the start of the week, pressured by positive developments, including the US-China trade deal and an India-Pakistan ceasefire, which dampened safe-haven demand. Optimism over avoiding a disastrous escalation in the US-China trade conflict bolstered the US dollar, pushing gold to a near two-week low. Traders…