Fed is expected to keep rates unchanged as worsening geopolitical situation and cooling economy…
The Federal Reserve is expected to keep interest rates unchanged at its June policy meeting as policymakers weigh signs of a cooling economy against risks of rising inflation, driven by recent US import tariffs and escalating tensions in…
Read More...
Read More...
UK inflation cools in May but BoE focuses on threats from rising energy prices
British inflation rose by 3.4% y/y in May, compared to 3.5% in April, but missed forecast for 3.3% increase.
Core CPI, stripped for the most volatile food and components, was down to 3.5% in May, from 3.8% previous month and came in line…
Read More...
Read More...
Cable – pullback finds footstep at key supports ahead of Fed / BOE rate decisions
Cable bounced from new three-week low (1.3415), hit after Tuesday’s 1.2% drop, boosted by weaker than expected UK inflation in May.
Weaker dollar also helps Wednesday’s recovery, as markets await Fed’s decision today and BOE’s monetary…
Read More...
Read More...
US Retail Sales Disappoint in May Amid Broader Economic Concerns
Retail sales in the United States dropped more than expected in May, falling 0.9% after a downwardly revised 0.1% dip in April, according to the Commerce Department's Census Bureau. This decline disappointed expectations for only…
Read More...
Read More...
Gold remains at the back foot but still above key supports
Gold trades within a narrow range on Tuesday morning, following almost 2% drop on Monday and daily close below psychological $3400 support (reverted to resistance and caps the action for now).
Surprise drop despite escalation of conflict…
Read More...
Read More...
Oil prices dip sharply as no immediate threats on global supply fade bullish sentiment
WTI oil price fell over 6% until early US session on Monday, as traders collected profits from last week’s almost 13% rally.
Oil was lifted by easing trade tensions between US and China that boosted expectations of stronger economic…
Read More...
Read More...
Gold may rise above $3500 if geopolitical situation escalates further
Gold surged to the highest in seven weeks ($3444) overnight following Israel’s attack on Iran that fueled safe haven demand and quickly lifted the price.
Break of $3400 zone (former strong resistances that reverted to supports) further…
Read More...
Read More...
Dollar index – bears remain firmly in play and pressure key supports
The dollar index remains firmly in red for the second consecutive day, under increased pressure on growing prospects of Fed rate cuts (following softer than expected inflation in May) and persisting uncertainty over tariff saga.
Fresh…
Read More...
Read More...
Gold rises on geopolitical tensions / Fed rate cut prospects
Gold hit one-week high early Thursday, in extension of Wednesday’s nearly 1% advance when gold price was inflated by softer than expected US inflation numbers that boosted bets for Fed rate cuts and weakened dollar.
Escalation in…
Read More...
Read More...
WTI oil hits new multi-week high on growing optimism about US-China trade talks
Growing optimism about a trade deal between the US and China that would ease tensions, boost economic growth and consequently boost demand, continues to lift oil prices.
WTI contract rose to the highest in over two months on Tuesday,…
Read More...
Read More...