GBP/USD Technical Analysis The GBP/USD pair witnessed limited upside attempts across recent trading sessions, seeking to claw back a portion of the losses sustained in previous sessions. That said, these moves continue to lack sufficient momentum to alter the prevailing negative technical outlook over the short term. Technical Outlook – …

US Crude Oil (WTI) Technical Analysis US crude oil prices mounted recovery attempts after anchoring on the pivotal support zone near $87.40, amid mixed price action that reflects a state of anticipation as market participants await a clear directional catalyst. Technical Outlook – 4-Hour Timeframe: With respect to intraday dynamics, …

Gold (XAU/USD) Technical Analysis Gold prices extended their sharp decline over the past few hours in alignment with our bearish technical outlook. The precious metal decisively breached all previously projected levels, sliding to an intraday low of $4,023 in early trading amid intense selling pressure and an accelerating downside trajectory. …

EUR/USD Technical Analysis The EUR/USD pair traded sideways within a narrow range during the previous session, preserving its negative momentum and remaining capped beneath the psychological resistance at 1.1600 — a development that underscores the persistent weakness in buying momentum and the dominance of the short-term downtrend. Technical Outlook – …

Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in April and the hottest reading since April 2023. In line with expectations: The print matched forecasts, offering no major surprise to markets. Monthly CPI cools slightly: Month-on-month inflation eased to 0.5% from 0.6% …

Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest reading since 2023. In line with expectations: The print matched market forecasts of 4.2%. Energy shock the driver: Iran war-driven fuel costs continue to be the primary force pushing prices higher. Fed …

Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to $89.96 — recovering from Tuesday’s 3% slide to seven-week lows. Trump loses patience: The president warned Iran has “taken too long” to negotiate and “will have to pay the price.” Escalatory rhetoric: Trump …

Key Takeaways 4.2% annual CPI expected: If confirmed, it would mark the highest inflation reading since April 2023. Core CPI seen at 2.9%: Up from 2.8% in April, suggesting price pressures are broadening beyond energy. Iran war the primary driver: Fuel disruptions from the conflict are spreading costs to other …

Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inflation; markets now pricing roughly three hikes total this year. Not a repeat of 2011: Barclays says the comparison is overstated — EU sovereign balance sheets, fiscal positions, and corporate health are all stronger today. Two hikes …

Key Takeaways Futures fall: S&P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.2% to 29,058.50, and Dow futures slipped 0.3% to 50,759.0. Peace deal hopes fade: The U.S. launched fresh strikes on Iran after Tehran downed a U.S. Apache helicopter Monday night. Second wave of attacks: Media …