GBPUSD cracks 1.3500 barrier and hits a multi-month high on upbeat UK economic data
Cable rose 0.5% on Friday morning and cracked psychological 1.3500, hitting the highest since February 2022.
Fresh acceleration higher was sparked by upbeat UK retail sales, which strongly beat forecasts in April and boosted risk…
Read More...
Read More...
Eurozone business activity contracts in May – PMI
Euro zone preliminary PMI surveys for May showed that bloc’s business activity unexpectedly slipped back into contraction this month.
Dominant services industry contracted in May, as index dropped to 48.9, the lowest in 16 months, from…
Read More...
Read More...
Bitcoin hits new record high above 110K
BTCUSD surged through former top and psychological 110K barrier and hit new record high near112K on Thursday.
The sentiment brightened on growing hopes of progress in crypto regulatory that sparked strong demand from big names and pushed…
Read More...
Read More...
Cable hits new multi-month high on hotter than expected UK inflation
Cable eased to 1.3400 zone on Wednesday after fresh acceleration on hotter than expected UK inflation data probed through peaks of 2024 and 2025 (1.3434/1.3444) and hit the highest in over three years (1.3468).
Although gains were so far…
Read More...
Read More...
GOLD – bulls regained traction and establish above $3300
Gold keeps firm tone and attempts to establish above $3300 level, after the price hit the highest in over one week on Wednesday morning, in extension of Thursday’s 1.8% rally.
Fresh safe haven demand was fueled by further weakening of US…
Read More...
Read More...
AUDUSD drops after RBA rate cut but remains within broader consolidation range
AUDUSD fell on Tuesday after the Reserve Bank of Australia cut interest rate by 25 basis points, in a widely expected decision.
Fresh weakness has fully reversed Monday advance and heading into the lower part of the recent 0.6350/0.6500…
Read More...
Read More...
Reserve Bank of Australia cuts rate by 25 basis points, remains open for further easing
Reserve Bank of Australia cut its cash rate by 25 basis points to 3.85% from 4.10%, in its May policy meeting.
Today’s decision was in line with expectations and the policymakers argued it by colling inflation as well as easing…
Read More...
Read More...
BTCUSD tumbles but expected to keep overall bullish structure while above 100K
BTCUSD accelerated lower on Monday, with 5K drop seen on quick pullback from sessions spike high to 107K zone.
Bitcoin reacted negatively to US rating downgrade and the price fell to the lower side of recent congestion (101K/107K) where…
Read More...
Read More...
USDJPY-Bears hold grip and eye key support
USDJPY continues to descend for the fifth consecutive day, after a double upside rejection and a bull-trap at 148.49 Fibo barrier (76.4% of 151.15/139.88) contributed to the change of direction.
Weaker dollar (which acted as a safe haven…
Read More...
Read More...
GBPUSD – fresh recovery acceleration opens way for retest of key barriers at 1.3443/44
Cable jumped around a hundred pips on Monday morning, lifted by weaker dollar on surprise US credit rating downgrade and the latest EU/UK agreement on defense.
Fresh advance attempts to break above three-day congestion that would signal…
Read More...
Read More...