Oil prices regained traction and rose on Friday, advancing over 1.5% during European session, after being in a quiet mode in past two days. Double tight Doji candles on Wed/Thu signaled that traders were on hold after the latest rally and awaiting fresh signals. Escalation of the conflict between the US and Iran has again drastically reduced…

Gold trades below $4000 level on Friday following Thursday’s break and daily close below this level (the first close well below the mark since 6 November 2025), after the price moved around 4K for almost one month, but all attacks failed to register a clear break lower. Fresh violation of very significant 4K support may signal an end of extended…

The dollar index regains traction after suffering losses in past two days, sparked by softer than expected US inflation data for June (CPI, PPI) that cooled expectations for Fed rate hikes. Wednesday’s break of trendline support (100.40) hit one-month low and generated bearish signal, though the price remained above pivotal 100 support…

EURGBP edges higher in early Thursday after hitting 13-month low following 0.8% drop on Wednesday (the biggest daily loss since June 22), when the pound was strongly lifted by signals that new PM Burnham will pick a fiscally conservative finance minister to be in charge of handling fragile public finances. Oversold daily studies contributed to…

Brent price rallies for the second consecutive day on intensifying hostilities between the US and Iran that resulted in closure of strategic Strait of Hormuz and fueled fears about prolonged supply disruptions that may send fresh shockwaves towards already weakened western economies. Oil price hit new highs of over one month on Tuesday and so…

The US dollar jumped on opening on Monday and quickly reversed gains but remained within approx. $50 range for the day. Fresh escalation in the Middle East added to inflation concerns and expectations that the Fed would keep its hawkish stance for some time, with news that large pension funds are returning to dollar, after last year’s migration,…

Gold edged lower after opening with $20 gap lower on Monday, following the latest escalation in the Middle East that fueled inflationary risk and added to expectations that the Fed will keep higher interest rates or possibly opt for rate hikes, providing support to US dollar. Markets also focus on this week’s key economic data – release of US…

EURGBP holds within narrow consolidation on Thursday after hitting new over one year low in strong bearish acceleration in past couple of sessions. The pair is also on track for the third consecutive strong weekly loss, as Sterling continues to benefit from calmer political situation after resignation of PM Starmer (although still with a lot of…