Gold prices slipped modestly in Asian trading on Monday, pulling back from last week’s gains after U.S. President Donald Trump over the weekend backed off from his threat to immediately impose 50% tariffs on the European Union. Spot gold dipped 0.2% to $3,349.45 an ounce, while gold futures for June …
Read More »U.S. Dollar Falls Sharply as Fiscal Concerns Mount, Euro and Yen Strengthen on Growth and Inflation Data
The U.S. dollar extended losses on Friday, putting it on track for its worst weekly performance since early February, as concerns over Washington’s mounting fiscal risks deepened following the House’s approval of President Donald Trump’s sweeping tax and spending bill. At 05:00 ET (09:00 GMT), the Dollar Index — which …
Read More »German Economy Beats Expectations in Q1 on Pre-Tariff Export Surge, but Momentum Seen as Temporary
Germany’s economy grew more than initially estimated in the first quarter of 2025, buoyed by a sharp rise in exports and industrial activity as firms rushed to ship goods ahead of looming U.S. tariffs, according to revised data released Friday by the federal statistics office. Gross domestic product (GDP) expanded …
Read More »Wall Street Futures Stabilize, But Weekly Losses Loom Amid U.S. Debt Concerns and Tax Bill Uncertainty
U.S. stock index futures held steady in early trading Friday, following a volatile week dominated by fiscal concerns and political wrangling in Washington. At 05:55 ET (09:55 GMT), Dow Jones Futures edged down 10 points (-0.1%), while S&P 500 Futures inched up 3 points (+0.1%), and Nasdaq 100 Futures gained …
Read More »Bitcoin Holds Near Record High as Stablecoin Optimism and ETF Inflows Sustain Momentum
Bitcoin hovered just below its all-time high on Friday, easing slightly amid profit-taking and large-scale wallet movements, but continued to enjoy strong support from bullish U.S. regulatory developments and persistent demand from institutional investors. As of 02:05 ET (06:05 GMT), Bitcoin traded at $110,827.50, down 0.6% from the previous session. …
Read More »Selling Pressure on the Dow Jones Continues 23/5/2025
Oil, Crude, trading
Read More »CAD Heads Toward Downside Targets 23/5/2025
As anticipated, the downtrend continues to dominate USD/CAD, following the pair’s failure to maintain stability above the psychological resistance at 1.3900. This rejection has led to renewed selling pressure and a shift to negative intraday momentum. From a technical perspective, the 4-hour chart reveals that 1.3900 remains a key resistance …
Read More »GBP Pushes Higher Versus the Greenback 23/5/2025
Oil, Crude, trading
Read More »Oil May Extend Its Decline 23/5/2025
U.S. crude oil futures posted significant losses in line with the previously outlined bearish scenario, reaching the first official downside target at $60.45 and recording a session low of $60.27 per barrel. From a technical standpoint, oil prices are currently trading below the 50-day simple moving average, which is acting …
Read More »Gold Moves in Line with the Uptrend Line 23/5/2025
The key support level at $3,260, highlighted in the previous report, successfully limited the downside in gold prices during the prior session. Early European trading today has opened with a stable advance above the psychological $3,300 level, reinforcing the bullish structure. From a technical perspective, the uptrend remains intact. The …
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