Sergey Ershov / Blog
Last week again gave no clear direction, but it confirmed the main July themes: a cautious dollar, sideways EUR/USD, weak bitcoin momentum, strong oil, and gold held between geopolitics and technical resistance. On July 23, the ECB left the rate unchanged but kept the option of further tightening...
The past week confirmed most baseline scenarios but changed the oil picture sharply. The dollar found support from cautious demand for safe assets, although weak US inflation data limited its growth: CPI fell by 0.4% m/m, PPI dropped by 0.3%, and retail sales rose by only 0.2...
The past week did not give markets a clear direction. The dollar failed to build a full recovery, but its decline after weak Nonfarm Payrolls also stopped: ISM Services stayed in growth territory, while initial jobless claims fell to 215,000. Because of this, EUR/USD failed to hold above 1...
The past week was marked by a weaker US dollar after a weak US labour market report. Nonfarm Payrolls rose by only 57,000, well below expectations, while April and May figures were revised down...
In early June, the daily XAU/USD chart still looked like a market at a decision point. The rising support line, which had supported gold’s growth since August 2025, crossed the falling resistance line from the January peak...
As we expected, the past week was marked by further US dollar strength. The DXY index climbed to 101.79, while strong US economic data and persistent inflation reinforced expectations that the Federal Reserve will keep interest rates high for longer...
The past week was dominated by decisions from major central banks. The Federal Reserve kept interest rates unchanged and confirmed its cautious approach toward future policy easing. The Bank of England also left rates unchanged while maintaining a hawkish tone...
The past week was driven by US inflation data and the ECB interest rate decision. During the first half of the week, a stronger dollar and rising US Treasury yields increased pressure on the euro, gold, and cryptocurrencies. However, after the ECB raised rates by 0...
The past week was dominated by strong US labour market data. The Nonfarm Payrolls report came in above market expectations, the unemployment rate remained at low levels, and wage growth confirmed the resilience of the US economy...