The EUR remains in a narrow range, reflecting weak European data, while the GBP faces a downtrend due to limited upward movement despite steady UK PMI results. The JPY shows moderate gains as the BoJ’s potential rate hikes and weaker US data influence its rise. AUD is under pressure after a GDP slowdown, facing further bearish movements. Gold struggles with a declining trend, impacted by a strong USD and weak […]

The Euro, British Pound, Japanese Yen, and Gold are all experiencing varying levels of pressure influenced by U.S. economic data and central bank policies. The Euro remains cautious with a bearish outlook due to potential ECB rate cuts, while the British Pound hovers around support levels, affected by strong retail sales but weak consumer confidence. The Yen faces downward pressure from a strengthening dollar and expectations of U.S. rate cuts. […]

The Euro and Pound faced challenges as Eurozone manufacturing remained in contraction and the UK showed minimal growth. The Yen weakened as the USD rose due to optimism about the US economy, while Gold dipped under pressure from a stronger dollar. Eurozone manufacturing PMI remained stagnant, indicating ongoing economic struggles, while UK manufacturing displayed slight recovery. The USD/JPY pair advanced amid thin trading, despite Japanese economic improvements. Gold’s momentum faltered, […]

Last week was marked by significant attention on global economic data and central bank decisions. The US Federal Reserve’s stance on easing policy was highlighted, with markets closely analyzing jobs data in relation to potential rate cuts. The Bank of Canada (BoC) also remained in focus as investors anticipated a third consecutive rate cut amidst ongoing economic adjustments. Additionally, geopolitical tensions in the Middle East over the weekend had the […]