German consumer sentiment slipped slightly in July, with the Gfk index easing from -20.0 to -20.3, missing expectations of a recovery to -19.0. The drop came despite a strong rebound in the economic expectations component, Read more…
In focus today In the US, the final Q1 GDP data is set for release today. However, preliminary May trade balance data could be more interesting to follow, as it gives the first sense of Read more…
Daily Pivots: (S1) 1.3613; (P) 1.3642; (R1) 1.3694; More… GBP/USD’s rally continues today and intraday bias stays on the upside. Current rise from 1.2099 should target 100% projection of 1.2099 to 1.3206 from 1.3138 at Read more…
Dollar weakness deepened in Asian session, with the greenback falling to multi-year lows against both Euro and Sterling. For now, downside pressure remains concentrated against European majors. The latest catalyst is a show of fiscal Read more…
Trump denied earlier intelligence reports suggesting that the US strikes on Iranian nuclear sites caused only limited damage. On the contrary, he claimed the operation was a historic success and even declared the war over Read more…
July RBA cash rate cut now expected, moved forward from August, but this is no shoo-in. We now expect the next RBA rate cut to be in July rather than August, but this is not Read more…
Key Highlights Gold started a fresh decline from the $3,450 resistance. A key bearish trend line is forming with resistance at $3,360 on the 4-hour chart. WTI Crude Oil prices dipped sharply below the $68.00 Read more…
Fed Chair Jerome Powell defended the central bank’s cautious stance on interest rates during day two of his Congressional testimony, citing significant uncertainty around the inflationary impact of tariffs. While Powell acknowledged tariff-driven price hikes Read more…
EURUSD: ⬆️ Buy EURUSD broke resistance level 1.1575 Likely to rise to resistance level 1.1800 EURUSD currency pair recently broke the resistance level 1.1575 , which is the former monthly high from the middle of Read more…
GBPUSD: ⬆️ Buy GBPUSD broke resistance level 1.3590 Likely to rise to resistance level 1.3880 GBPUSD currency pair recently broke the resistance level 1.3590, which is the upper border of the narrow sideways price range Read more…