Gold price edges higher but still capped under key barrier
Gold price edged higher in early Wednesday’s trading after softer than expected US retail sales numbers improved the sentiment on fresh expectations for Fed rate cut this year.
The price is holding near pivotal barrier at $2341 (recent…
Read More...
Read More...
British inflation returns to target for the first time in almost three years in May
The recent drop in British inflation to its 2% target in May, the first time in nearly three years, is indeed notable. However, underlying price pressures remain, with services price inflation at 5.7%, slightly higher than the expected…
Read More...
Read More...
US retail sales rise below expectations in May
In May, U.S. retail sales saw a marginal increase of 0.1%, missing expectations of a 0.3% rise and highlighting continued economic sluggishness in the second quarter. The previous month’s data was revised significantly downward to a 0.2%…
Read More...
Read More...
Dollar index remains constructive ahead of key economic data
The dollar index rose on Tuesday, keeping overall positive sentiment, driven by expectations for Fed rate cut in November and recent political turmoil in the Europe, which deflated Euro.
Traders look for fresh signals about the central…
Read More...
Read More...
Reserve Bank of Australia keeps rates on hold and expresses concerns about persisting inflationary…
The Reserve Bank of Australia has maintained interest rates at 4.35%, a 12-year high, signaling a cautious stance on inflation despite recent economic challenges.
This decision follows expectations of a steady outcome, influenced by…
Read More...
Read More...
USDJPY – bulls hold grip for retest of pivotal Fibo barrier
USDJPY firmed further on Monday and partially offset warning from long upper shadow of Friday’s daily candle, as fresh strength looks for retest of pivotal Fibo resistance at 158.22 (76.4% of 160.19/151.85) which capped Friday’s rally.…
Read More...
Read More...
EURUSD extends steep fall as political uncertainty sours the sentiment
EURUSD extends sharp fall into second straight day and trading near the lowest in 1 ½ month low on Friday.
Fresh risk aversion on growing political uncertainty in France, with tremors hitting the whole euro-bloc, put the single currency…
Read More...
Read More...
EURGBP at new multi-month low but bears may pause on oversold conditions
EURGBP hits new multi-month low (the lowest since early Aug 2022) on Friday and is on track for the biggest weekly loss since the first week of January, after starting to trade this week with gap lower, weighed by growing political…
Read More...
Read More...
USDJPY keeps bullish bias but looks for direction signal
USDJPY remains resilient following limited negative impact from CPI/Fed on Wednesday and today’s jobless claims and PPI data but continues to struggle to clear June’s peak at 157.47.
Near-term action is holding within a range which…
Read More...
Read More...
XAUUSD – medium term outlook – $2500 target remains in focus but consolidation likely to…
Gold is likely to retest the latest record high and attack psychological $2500 level in coming months, as all key factors that drive the metal’s price remain supportive.
Persisting geopolitical tensions and threats of escalation continue…
Read More...
Read More...