Eurozone inflation slows below expectations in May
Inflation in the Eurozone slowed to 1.9% in May after growing to 2.2% in April and also fell below 2.0% consensus. a fall in energy prices and a sharp decline in services inflation.
Core inflation, which excludes the most volatile…
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EURUSD rises to 5-week high as dollar suffers from fresh tariff threats
EURUSD hit the highest in over five weeks on Monday, inflated by weaker dollar on the latest threats of doubling import duties on steel and aluminium.
The pair gained around 0.8% by the mid-US session and pressure strong resistance at…
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Oil price rises nearly 4%, key barriers under pressure
WTI oil price jumped around 3.7% and hit the highest in almost two weeks on Monday, on track for the biggest daily gain since April 9.
Fresh advance penetrated daily cloud (spanned between $62.83 and $63.92) and cracked psychological…
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Gold price surges on fresh tariff worries, geopolitical factors
Gold opened with gap higher and surged in early Monday trading, lifted by escalation of war in Ukraine, President Trump’s fresh threats of doubling current tariffs on imports of steel and aluminium and victory of Eurosceptic candidate in…
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Inflation in US rose moderately in April – PCE
The US Personal Consumption Expenditures (PCE) Price Index rose 0.1% in April, in line with expectations, after being unchanged in March.
Annualized PCE prices increased 2.1%, below expected 2.2% increase, after advancing 2.3% in March.…
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GBPUSD – initial supports hold pullback for now
Cable remains at the back foot on Wednesday after Tuesday’s pullback from new multi-month high (1.3593) cracked psychological 1.3500 support.
Price dipped to 1.3561 this morning, but quick bounce to 1.3500 zone points to…
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USDJPY – penetration of falling 4-hr and daily cloud bases to open way for stronger short…
Strong bounce on Tuesday is generating initial reversal signal on daily chart and warning of potential stronger short squeeze, as the pair is on track to dent the recent downtrend on daily close above the latest lower top…
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Gold eases on firmer dollar, larger bulls expected to remain intact
Gold price fell on Tuesday morning, as dollar firmed across the board. Fresh weakness emerged after a double failure at pivotal Fibo barrier ($3355, 61.8% of $3500/$3120) with overbought stochastic contributing to negative technical…
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Kiwi dollar probes again through 0.60 pivot and hits new 2025 high
NZDUSD jumped to new 2025 high on Monday, in extension of Friday’s 1.9% rally, after fresh threats of US tariffs on Apple and European Union and subsequent U-turn in policies with the EU, deflated US dollar and boosted risk appetite.…
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EURUSD hits one-month high on fresh twist in US-EU tariff story
EURUSD rose to one-month high on Monday after receiving fresh boost from the latest US/EU trade tariffs.
President Trump shocked markets again after announcing 50% tariffs on all imports from EU as from June1, with unexpected change of…
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