Eurozone inflation rises in August and adds pressure on ECB for another rate hike
Eurozone inflation jumped to 3.3% in August (the highest since September 2023) from 2.9% in July, as renewed tensions in the Middle East lifted energy costs and increased upward pressure on prices.
Although core inflation, excluding…
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The Hidden Psychology Traits of Top Traders: What No One Talks About
In the ever-moving trading landscape where headlines deliver breaking news, social media pushes the latest trading trends and smartphones constantly beep with market notifications, it is undoubtedly easy to lose focus and deviate from your…
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GOLD consolidates after Friday’s 3.2% drop, sparked by hawkish comments from Fed Warsh
Gold remains at the back foot on Monday, but bears found temporary footstep at $4400 zone (Fibo 38.2% of $3942/$4697 recovery leg / 20DMA) and consolidate after Friday’s 3.2% fall (the biggest one-day loss since June 10).
Gold was…
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AUDUSD rallies for the nine straight weeks, eyes 2022 peak
AUDUSD keeps firm tone and holds near the highest in 3 ½ months on Friday, on track for the ninth straight weekly gain and for the second consecutive monthly close in green.
The Reserve Bank of Australia kept hawkish stance and expressed…
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BTCUSD – bulls hold grip and maintain strong pressure at psychological 80K barrier
BTCUSD attacks the 80K psychological barrier again after Tuesday’s strong upside rejection at this zone left red daily candle with long upper shadow – initial negative signal, which was partially offset by subsequent bounce, but fresh…
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US DOLLAR rises on sticky inflation, markets focus on Fed Warsh’s speech in Jackson Hole
The dollar index remains constructive and extends recovery on Thursday, with hotter than expected US inflation (PCE Index) in July, reviving expectations for Fed’s more hawkish stance and offering fresh support to the greenback.…
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EURUSD consolidates above key supports ahead of US inflation data
EURUSD remains in extended consolidation under new 3 ½ month high (1.1711) with action holding above broken Fibo barrier at 1.1648 (61.8% of 1.1849/1.1324 descend) that maintains bullish bias (despite initial negative signals from long…
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Oil price falls to one-week low
Brent held in red for the second consecutive day and fell over 3% on Tuesday, as markets anticipated that the latest US strategy in imposing tough sanctions on Iran posses less risk to oil supply then military escalation,
Pullback from…
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GBPUSD consolidates under new multi-month peak
Cable trades near 6 ½ month peak (1.3675, hit on Friday) and moving in more quiet mode on Monday, as traders reduce speed ahead of this week’s key events – release of US PCE Index and the speech of Fed’s Warsh in Jackson Hole symposium,…
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AUDUSD – bulls pause after Friday’s strong rally, eye economic data for fresh signals
AUDUSD consolidates just under new 2 ½ month high on Monday after last Friday’s 0.8% gain completed uninterrupted eight-week rally.
Bulls cracked a double Fibo barrier at 0.7180 (Fibo 76.4% retracement of 0.7277/0.6865 / Fibo 161.8%…
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