Germany’s Manufacturing Rebound Doesn’t Change the Gloomy Picture

The Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in February, in line with the consensus forecast. On a twelve-month basis, CPI inched up to 3.2% (from 3.1% in January). Energy prices rose 2.3% m/m, largely driven by an uptick in gasoline prices (+3.8% m/m). Conversely, food prices were flat on the month. Excluding food […]

Key Highlights GBP/USD is recovering higher from the 1.2300 support. It broke a connecting bearish trend line with resistance at 1.2420 on the 4-hour chart. EUR/USD is consolidating and aiming for a move above 1.0750. Crude oil prices found support near the $81.50 zone. GBP/USD Technical Analysis The British Pound extended losses and traded below […]

The Federal Reserve is widely expected to cut interest rates soon, which has boosted the appeal of gold. However, Daniel Ghali, a Senior Commodity Strategist at TDS, warns that a potential correction in gold prices is becoming more likely. Current investor positioning in gold has reached levels last seen during the pandemic, which often signals […]