Brent crude regained momentum on Tuesday, climbing back above the key $108 mark as buyers reasserted control following a brief period of consolidation. The renewed strength helps offset cautionary signals from Monday’s candlestick, which formed a Doji with a long upper shadow, typically seen as a sign of emerging selling pressure. The latest…

Cable came under renewed pressure on Monday as a fresh wave of risk aversion boosted demand for the US dollar, prompting another test of the key support zone at 1.3470. The area, marked by the 38.2% Fibonacci retracement of the 1.3140/1.3675 rally and reinforced by the rising 55-day moving average and bullish trendline off the 1.3140 low, has…

EUR/USD extended its decline in early Monday trading, falling about 0.5% as the US dollar strengthened on mounting expectations of another Federal Reserve rate hike. Additional support for the greenback came from a risk-off market mood after fresh warnings over the pace of artificial intelligence development sparked a selloff in AI-related stocks…

Gold edged higher in early Friday trading, recovering modestly after Thursday’s sharp 2% decline as investors engaged in profit-taking while awaiting key U.S. inflation data for fresh direction. The precious metal came under significant pressure following a surge in oil prices and growing expectations that the Federal Reserve could raise…

Brent crude oil surged more than $3 on Thursday, climbing to near $106 per barrel, a level last seen on May 22. The rally accelerated after prices broke and closed above the psychologically significant $100 threshold on Wednesday, generating a strong bullish signal. Escalating tensions in the Middle East have been the primary catalyst behind…

The U.S. dollar index remained under pressure for a second consecutive week, slipping to its lowest level in nearly three weeks on Wednesday. The greenback resumed its broader downtrend after the U.S.-backed intervention to support the yen and bond-buying operations in late July triggered a sharp decline from 101.48 to 99.45, where sellers…

AUD/USD extended its latest advance from the 0.7121 higher low for a fifth straight session, supported by growing market expectations that the Reserve Bank of Australia will raise interest rates at its September 29 policy meeting. Recent remarks from an RBA policymaker reinforced the central bank’s concerns over persistently elevated inflation.…

Brent crude surged to a fresh multi-week high on Tuesday as renewed tensions in the Middle East threatened to further disrupt limited oil flows through the strategic Strait of Hormuz. Prices moved closer to the psychologically significant $100-per-barrel mark after Iran-backed Houthi forces in Yemen launched attacks on Saudi Arabian energy…