Dollar remains constructive, weekly close eyed for fresh signal
The dollar index keeps overall firm tone and heading for the second straight weekly gain, with some important technical barriers being cracked this week.
However, situation on daily chart indicates that bulls might be running out of…
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XRP – limited pullback from new record high anticipated
XRP remains the top performer among crypto assets and extended steep ascend to new record high ($3.66) following nearly 10% advance on Friday.
The sentiment has improved strongly after the US House of Representative has eventually passed…
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Gold holds in extended near-term range but overall picture remains bullishly aligned
Gold price stays in red on Thursday, with additional pressure seen from better than expected US retail sales which add to Fed’s stance of staying on hold with interest rates until getting clearer signals about inflation.
Fresh bears…
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Australian dollar came under increased pressure from weak labor data
Australian dollar fell almost 1% against its US counterpart during Asian / early European session on Thursday, deflated by disappointing labor data.
Australian unemployment jumped unexpectedly in June, hitting the highest in 3 ½ years,…
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Britain’s inflation unexpectedly jumps in June
Britain's annualized inflation unexpectedly rose to its highest in over a year at 3.6% in June, potentially making it a tougher call for the Bank of England to cut interest rates next month.
June's reading took the annual CPI rate to its…
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Gold – limited losses after US CPI data
Gold fell in immediate reaction to higher than expected US inflation in June that adds to Fed’s existing stance of keeping interest rates on hold until they have clearer picture of tariff impact on consumer prices.
Fresh weakness broke…
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US Inflation Picks Up in June Amid Tariff Pressures
U.S. consumer prices accelerated in June, potentially marking the beginning of a long-anticipated, tariff-driven rise in inflation. This development has made the Federal Reserve more cautious about resuming interest rate cuts.
The…
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China’s economy shows resilience but faces mounting pressure
China’s economy slowed less than expected in the second quarter, showing resilience against U.S. tariffs. However, analysts warn that weak domestic demand and rising global trade risks are likely to increase pressure on Beijing to introduce…
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GOLD – pullback from 3-week high found a footstep but the downside is still vulnerable
Gold price fell after bulls hit three-week high on Monday but faced multiple rejections at pivotal Fibo barrier at $3373 61.8% of $3452/$3246 bear-leg).
Pullback was so far short-lived as fresh bears found a footstep at $3350 double-Fibo…
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Silver hits new multi-year high
Silver hit the highest in nearly 14 years on Monday, testing levels above $39 as strong bullish acceleration extends into third consecutive day.
Growing uncertainty over US tariffs and weak economic outlook continue to fuel demand and…
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