Unemployment Remains Elevated The U.K. unemployment rate stayed at 4.7% in the three months to July, according to the Office for National Statistics. This was in line with expectations and marks the highest level since July 2021, highlighting persistent softness in the labor market. Pay growth, excluding bonuses, eased slightly …
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The Dow Jones Industrial Average extended its rally on Wall Street, recording a new all-time high of 46,008. Technical Outlook – 4-hour timeframe: The 50-period simple moving average (SMA) continues to underpin the bullish momentum, acting as a dynamic support for price action. Meanwhile, the Relative Strength Index (RSI) is …
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The USD/CAD pair came under strong selling pressure after failing to sustain stability above the psychological barrier of 1.3800. Technical Outlook – 4-hour timeframe: Intraday price action is tilting downward, with the simple moving averages now acting as dynamic resistance, pressing on the pair from above. In addition, the break …
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The GBP/USD pair posted notable gains in the previous session, reaching 1.3625 before easing into a minor correction after the recent advance. Technical Outlook – 4-hour timeframe: Relative Strength Index (RSI): The indicator has begun issuing negative signals, suggesting a potential short-term weakening in buying momentum. 50-period Simple Moving Average …
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US crude oil (WTI) futures advanced at the start of the week, reaching $63.63 per barrel, though the upward momentum still requires confirmation. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support prices from below, providing a solid base for the current move. However, early signs …
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Gold prices (XAU/USD) extended their bullish momentum in the previous session, posting fresh record highs at $3,689 per ounce after surpassing the prior peak of $3,678. This confirms strong buying interest and clear investor control over the prevailing uptrend. Technical Outlook – 4-hour timeframe: Relative Strength Index (RSI): Although firmly …
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The EUR/USD pair remains under bullish control, reaching 1.1786 during the session and approaching the psychological barrier at 1.1800. Technical Outlook – 4-hour timeframe: Intraday movements show a mild pullback due to natural profit-taking after the prior rally, with the Relative Strength Index (RSI) issuing negative signals from overbought levels. …
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The U.S. Dollar Index (DXY) is currently trading at 97.343, down 0.28% for the day. This recent decline is part of a broader weakening trend for the dollar. Over the last month, the DXY has fallen by 0.86%, and the losses are even more significant over longer periods, with the …
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The global economic narrative is dominated by a high-stakes question: can the Federal Reserve navigate a soft landing? The data presents a contradictory picture. On one hand, the U.S. labor market is showing clear signs of cooling, with recent reports indicating softer job gains and a rise in initial jobless …
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President Donald Trump has reignited the debate over corporate financial reporting, advocating for an end to mandatory quarterly earnings reports in favor of a semi-annual schedule. The proposal, which was made public on social media, calls on the Securities and Exchange Commission (SEC) to make this significant change. According to …
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