Bitcoin edged higher on Wednesday after hitting a seven-week low in the previous session, as market sentiment remained cautious following U.S. President Donald Trump’s attempted firing of Federal Reserve Governor Lisa Cook, raising concerns over the central bank’s independence. As of 02:32 ET (06:32 GMT), Bitcoin traded 1.2% higher at …
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British producer output prices rose 1.9% year-on-year in June, while producer input prices fell 1.0% annually, according to interim data released Wednesday by the Office for National Statistics (ONS). These figures represent preliminary estimates, as the ONS paused regular publication of the Producer Price Index (PPI) in March after identifying …
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Gold prices pulled back in Asian trade on Wednesday after earlier climbing to a more than two-week high, as markets weighed renewed concerns over U.S. Federal Reserve independence following President Donald Trump’s attempts to remove Governor Lisa Cook. The yellow metal initially surged on Monday after Trump announced Cook’s immediate …
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The Dow Jones Industrial Average (DJI30) saw mixed movements in the previous trading session, attempting an upward rebound after hitting a low of 45,183. Technical Outlook – 4-hour timeframe: The 50-period simple moving average has once again shifted to support the price from below, providing a positive technical signal. At …
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The technical outlook remains unchanged, with the USD/CAD pair continuing to trade in a sideways range as conflicting technical signals persist. Technical Outlook – 4-hour timeframe: The 50-period simple moving average is pressing down on the price from above, creating a resistance level that may limit upward attempts. At the …
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The GBP/USD pair is under negative pressure in the morning session as it approaches the psychological resistance level of 1.3500. Technical Outlook – 4-hour timeframe: The pair’s stability below the simple moving average continues to reinforce the possibility of extended downside pressure. However, the Relative Strength Index (RSI) has started …
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US WTI crude oil futures reversed the upward trend anticipated in the previous technical outlook, which had been based on trading above the 63.65 level, instead recording a low of $63.07 per barrel. Technical Outlook – 4-hour timeframe: The price is currently attempting to stabilize above the key psychological support …
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Gold prices (XAU/USD) posted strong gains in the previous session, achieving the projected technical target at $3,392 and recording a high of $3,393, in line with prior bullish expectations. Technical Outlook – 4-hour timeframe: The metal is trading firmly above the 50-period simple moving average, which continues to support the …
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Mixed trading characterized the movements of the EUR/USD pair in the previous session, as it attempted to maintain stability above the 1.1600 level. Technical Outlook – 4-hour timeframe: Intraday action reflects the continuation of bearish pressure, with the pair remaining below the 50-period simple moving average, which acts as dynamic …
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As global markets brace for a pivotal week, the spotlight is turning toward Australia’s inflation data, set to influence currency movements and investor sentiment. On Tuesday, August 26, 2025, the US Dollar (USD) pulled back from recent gains, dipping toward the 98.00 mark on the US Dollar Index (DXY). This …
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