Eurozone inflation remains unchanged at 2% in July
Inflation in the Eurozone remained unchanged at the ECB's 2% target in July, coming just a tick above 1.9% forecast and confirming the bank's softer view of prices outlook.
July’s numbers also add to the central bank’s stance to keep…
Read More...
Read More...
BTCUSD – break of two-week range floor is negative signal but key support still holds
BTCUSD fell to three-week low at 114K zone on Friday morning after the latest orders from President Trump to impose trade tariffs on a number of countries, soured the sentiment.
The latest dip that broke below two-week consolidation…
Read More...
Read More...
Copper extends steep fall, sparked by modification of Trump’s tariff plan for metal’s…
Copper remains firmly in red on Thursday after falling over 18% previous day and extends weakness to the lowest in almost four months.
Copper price collapsed from the zone near new record high after President Trump surprised markets by…
Read More...
Read More...
Gold bounces from a multi-week low but recovery faces strong barriers
Gold price bounced from one-month low ($3268) on Thursday, recovering the large part of Wednesday’s 1.6% drop.
Gold was deflated by stronger dollar which rallied on recent US trade deals and expectations that the Fed will keep its…
Read More...
Read More...
Cable remains under increased pressure
Cable fell to the lowest in almost 2 ½ months on Wednesday, extending a steep fall from 1.3588 (July 24 lower top) into fifth straight day.
Sterling is likely to weaken more as recent much better than expected US economic data (ADP…
Read More...
Read More...
EURUSD extends steep fall into third day, eyes Fed’s decision for fresh signals
EURUSD extends the sharp fall into third consecutive day, losing about 2.5% since Monday opening.
Fresh strength of dollar on very favorable for the US trade deal with EU and much stronger than expected US economic growth in the second…
Read More...
Read More...
WTI OIL – bulls pause under cloud top after strong advance in past two days
WTI oil price eases from new five-week high on Wednesday after advancing over 6% in past two days.
Partial profit taking after strong rally was caused by technical signals, as well as on uncertainty over President Trump’s latest threats…
Read More...
Read More...
Dollar continues to trend higher as sentiment brightens after US-EU trade deal
The dollar index keeps firm tone and rallies to new five-week high on Tuesday, in extension of Monday’s 1.1% advance (the biggest one-day gain since May 12).
The greenback accelerated higher on Monday after US and EU reached a trade…
Read More...
Read More...
USDJPY – bulls start to lose traction ahead of key barriers but still hold grip
Strong rally in past three days started to run out of steam on Tuesday, as daily action was so far shaped in long-legged Doji candle that signals indecision.
Bulls show signs of fatigue after retracing over 76.4% of 149.18/145.85…
Read More...
Read More...
Gold falls to three-week low as dollar benefits from US-EU trade deal
Gold continues to trend lower and extends drop from last week’s top ($3438) into fourth straight day on Monday.
The metal’s price fell to the lowest in three weeks after US-EU trade agreement further lifted dollar, pushing gold through…
Read More...
Read More...