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%…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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EURUSD remains constructive despite more hawkish than expected Powell
EURUSD is consolidating within a narrow range on Thursday morning, following strong rally on Wednesday (up 0.65%), but remains constructive despite Wednesday’s upside rejection and a bull-trap above converged 10/20DMA’s.
The single…
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Australian dollar rallies 1.35% vs its US counterpart as US inflation eases below expectations
Australian dollar was one of the top gainers among major currencies on Wednesday, after weaker than expected US CPI data revived hopes disinflation is back to play and added to doves advocating for September Fed rate cut.
AUDUSD pair…
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