GBP/USD traded near a fresh 6½-month high of 1.3675, reached on Friday, and remained in a quieter consolidation phase on Monday as investors turned cautious ahead of this week's key risk events. Market participants are focused on the release of the U.S. PCE Price Index and remarks from Fed Governor Kevin Warsh at the Jackson Hole Symposium, both of…

AUD/USD pauses below a fresh 2½-month high on Monday, consolidating after last Friday’s 0.8% rally capped an uninterrupted eight-week advance. The pair has broken through a significant technical barrier at 0.7180, where the 76.4% Fibonacci retracement of the 0.7277/0.6865 decline converges with the 161.8% Fibonacci expansion of the third…

Investors are now turning their attention to fresh signals on the U.S. monetary policy outlook, focusing on Wednesday’s release of the U.S. PCE Price Index, the Federal Reserve’s preferred measure of inflation, and remarks from Fed Chair Kevin Warsh at the Jackson Hole Symposium, which begins on Thursday. The technical picture continues to…

Brent crude remains on a firm upward trajectory on Friday, trading near a one-month high and heading for a second consecutive week of strong gains, with prices up nearly 6% so far this week. The latest rally continues to be fueled by mounting uncertainty in the Middle East, where tensions remain elevated as the United States pushes for…

BTC/USD extended its powerful advance for a third consecutive session, rising more than 20% and reaching levels last seen in mid-May. The cryptocurrency is also on track to post its strongest weekly performance since the first week of December 2017. The latest rally has been largely driven by U.S. Treasury measures aimed at supporting…

EUR/USD extended its strong rally into a second straight session on Thursday, climbing to its highest level in three months as bullish momentum remained firmly in control. The pair continues to draw support after Wednesday’s 0.85% jump, its strongest daily gain since March 19, with buyers gaining confidence following a decisive break above…

Gold prices surged more than 3% on Wednesday, fueled by a sharp decline in the U.S. dollar amid growing expectations that the Federal Reserve will maintain a dovish monetary policy stance. The latest advance marks a renewed attempt to break above the eight-day consolidation range, supported by a floor at $4,310 and reinforced by the daily…

The dollar index dropped to a two-month low on Monday after finally breaking below the pivotal 99.50 support zone, an area reinforced by the base of the daily Ichimoku cloud and a key trendline that had successfully repelled several recent downside attempts. The greenback remains under pressure for a second consecutive session as investors…