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Mohamed Abdelhamid

Market Drivers – US Session: Markets Brace for UK Jobs Data and US Retail Sales Amid Dollar Pullback

The US Dollar hit a speed bump, snapping a four-day winning streak as the US Dollar Index (DXY) retreated under renewed selling pressure. The pullback was triggered by fleeting rumors—later downplayed—that President Donald Trump might move to oust Federal Reserve Chairman Jerome Powell. Compounding the dollar’s woes were softer-than-expected US …

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WTI and Brent Crude Slide as OPEC+ Supply Surge Overshadows US Inventory Draw

West Texas Intermediate (WTI) crude oil prices dipped on July 16, 2025, falling 0.15% to $65.325 per barrel, while Brent crude oil followed suit, declining 0.26% to $68.60 per barrel. Both benchmarks faced downward pressure despite a larger-than-expected draw in US crude inventories, as rising OPEC+ production and persistent demand …

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Dow Jones Wavers as Trump’s Push to Oust Fed Chair Powell Sparks Market Jitters

The Dow Jones Industrial Average (DJIA) saw early gains on Wednesday, buoyed by softer-than-expected US Producer Price Index (PPI) data, which fueled optimism for a potential Federal Reserve rate cut. However, the rally fizzled as the index retreated to the 44,000 level, rattled by President Donald Trump’s provocative signals about …

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GBP/USD Soars as US PPI Softens and Trump’s Powell Firing Rumors Spark Dollar Volatility

The GBP/USD pair surged 0.55% to 1.3454, propelled by a weaker-than-expected US Producer Price Index (PPI) and heightened market uncertainty surrounding President Donald Trump’s reported consideration of firing Federal Reserve Chairman Jerome Powell. The US Dollar Index (DXY), which tracks the dollar’s strength against a basket of major currencies, fell …

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Silver Flexes Bullish Muscle: Targeting Fresh Highs Amidst Soaring Demand

Silver has decisively broken through critical resistance levels, signaling the official onset of a robust bull market. Analysts pinpoint a convergence of bullish technicals, tightening supply-demand dynamics, and a pronounced historical undervaluation, all propelling silver towards a potential retest of its $50 per ounce historical high.While gold consistently hit records, …

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