USD/CAD Technical Analysis The USD/CAD pair extended its upward movement within a steady ascending trajectory, preserving its recent gains and now closing in on the 1.4200 level. Technical Outlook – 4-Hour Timeframe Across intraday price action, the technical outlook continues to lean constructively, albeit with a degree of caution. The …
Read More »Bearish Technical Cues Put Pressure on Sterling 22/6/2026
GBP/USD Technical Analysis The GBP/USD pair is witnessing mixed price action with a negative tilt, amid the persistence of selling pressure that caps the prospects of a recovery and preserves the downtrend intact over the short term. Technical Outlook – 4-Hour Timeframe: With respect to intraday dynamics, the simple moving …
Read More »Bearish Signals Return to Pressure Oil 22/6/2026
US Crude Oil (WTI) Technical Analysis US crude oil prices witnessed negative price action during the morning session of today’s trading, after the contract registered a level near $77.05 , a move that comes amid persistent technical pressures capping the prospects of a recovery over the short term. Technical Outlook …
Read More »Is Gold’s Bounce a Brief Blip or a Real Turnaround? 22/6/2026
Gold (XAU/USD) Technical Analysis Gold prices are mounting an attempt to claw back a portion of their recent losses in the wake of a series of sharp declines that drove the precious metal to a low near $4,022 — a move that comes amid technical efforts to rebuild momentum following …
Read More »Euro Loses Its Upside Momentum 22/6/2026
The EUR/USD pair began the week on a negative note, failing to maintain its recent gains that propelled it to a high of 1.1480 last Friday, and subsequently falling back under selling pressure. Technical Outlook – 4-Hour Timeframe: In the short term, the Relative Strength Index (RSI) continues to send …
Read More »UK Borrowing Surges Past Forecasts as Inflation Hits Debt Costs
Key Takeaways May’s budget deficit hit £23.3 billion, up 30% year-on-year and well above the £18.5 billion forecast. Debt interest costs jumped 54% in May, with further increases expected next month. Two-month borrowing for the fiscal year is running 24% above 2025 levels, exceeding OBR forecasts. UK 15-year bond yields …
Read More »Oil Holds Near $80 as U.S.-Iran Talks Collapse, Testing Fragile Truce
Key Takeaways Friday’s U.S.-Iran nuclear talks in Geneva were postponed after VP JD Vance scrapped his trip. Brent crude held steady near $80, up 0.31% on the day, as supply fears eased. Strait of Hormuz traffic is recovering, with 18 transits on June 17–18 — the highest of the conflict. …
Read More »Yen Nears 40-Year Low as Dollar Holds Firm on Hawkish Fed, Iran Uncertainty
Key Takeaways USD/JPY hit 161.8, closing in on 1986 levels, with traders watching for possible Japanese intervention. The dollar index gained 1% this week to a 13-month high after the Fed flagged a likely rate hike by year-end. Suspended U.S.-Iran talks added safe-haven demand for the dollar. The euro and …
Read More »Bitcoin Slides Toward Weekly Loss as Fed Hawkishness, Iran Talks Collapse Hit Risk Appetite
Key Takeaways Bitcoin fell 2% to $62,687.6, on track for a 2.8% weekly loss. Spot Bitcoin ETFs saw a sixth straight week of outflows, though the pace is slowing. U.S.-Iran talks in Switzerland were called off after Iran skipped sending a delegation and VP JD Vance withdrew. Ether, XRP, Solana, …
Read More »European Stocks Eke Out Gains as Fragile Iran Truce Meets Hawkish Fed
Key Takeaways The STOXX 600 rose 0.2%, with the DAX up 0.4%, CAC 40 up 0.3%, and FTSE 100 up 0.1%. Europe is on track for a second straight weekly gain, though a modest 0.6% trails Asia’s 1%+ rallies. A hawkish Fed surprise has markets pricing an 80% chance of …
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