Gold prices remained stable midweek as investors weighed weaker-than-expected US Consumer Price Index (CPI) data against signs of progress in the long-running US-China trade negotiations.  Despite some softening in safe-haven demand, XAU/USD held above the psychologically important $3,300 level, reflecting a market caught between dovish economic indicators and improving global trade sentiment. The Servelius brokers break down the key points of this issue in the article below. Subdued US CPI Data Reinforces Disinflationary Trend The release of the May CPI report marked a significant moment for traders. Headline inflation rose by 2.4% year-over-year, underperforming the 2.5% consensus estimate, while core...

The GBP/USD currency pair extended its bullish momentum on Wednesday during the North American session, as investors responded to the weaker-than-expected US Consumer Price Index (CPI) for May. The CPI print, which came in below consensus, raised expectations that the Federal Reserve (Fed) could initiate multiple rate cuts in 2025, enhancing demand for the British pound (GBP) against the US dollar (USD).  At the time of writing, the GBP/USD exchange rate trades at 1.3537, representing a 0.34% intraday gain. Get a detailed overview of this topic from the professionals at  Servelius in this article. US Inflation Undershoots Expectations In a...

The EUR/USD exchange rate remained mostly flat on Wednesday, hovering around 1.1425, just below its monthly high of 1.1495, as traders awaited two major catalysts: forward guidance from European Central Bank (ECB) officials and the highly anticipated US consumer inflation data.  These events are set to play a pivotal role in determining the short-term direction of this major currency pair, which accounts for the largest share of global forex transactions. This article from the Servelius team offers a thorough explanation of the matter. ECB Guidance: Rate Cuts Under Scrutiny In recent sessions, a slew of statements from ECB policymakers has...

The GBP/USD currency pair is showing signs of technical weakness just ahead of a high-impact fundamental release: the US inflation data. After peaking at a year-to-date high of 1.3615, the pair has pulled back to the psychological level of 1.3500, a key support zone watched by traders.  This retreat coincides with the release of UK labor market data and the market’s anticipation of upcoming US CPI numbers, adding both technical and fundamental pressure to the pair. Servelius brokers offer an in-depth analysis of this subject here. UK Jobs Data Adds Caution to the Bullish Narrative On Tuesday, the Office for...

The Bitcoin price is once again the focus of investor attention as the BTC/USD pair trades just shy of its all-time high. Currently hovering around $109,500, the cryptocurrency is inching closer to breaking the record set at $111,900. With a near 50% rally since April, all indicators suggest that the bullish momentum behind Bitcoin is far from over.  A potent mix of surging demand, falling supply, and favorable technical indicators is fueling optimism that this breakout could signal even further highs. The experts at Servelius delve into the details of this topic in the following article. Bitcoin’s Supply and Demand...