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Fed cuts rates and keeps door open to a December move Powell appears confident about the inflation outlook Equities’ euphoria continues, strongest weekly rally of 2024 The Fed Announces a Rate...
Forex Strategies Bearish: GBP/USD is currently @ 1.2997 after a triple top in place. We are looking for a continuation to the ATR target @ 1.2916 and then further movement to the 0.618 Fibo @...
Global markets had a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China’s Standing Committee meeting, the US election, and Central Bank...
GBP/USD has broken below a long-term ascending trendline, signaling potential further downside. UK budget concerns and a drop in manufacturing PMI have contributed to the Pound’s struggle. The...
Growth figures for 3Q are published in the US and eurozone today. German CPI is also expected to have re-accelerated, but the impact on the euro may be limited. In the UK, Chancellor Reeves announces...
The GBP/USD was a touch higher on Tuesday after it managed to rebound on the back of a firmer risk tone on Monday. That followed Israel’s limited response in Iran at the weekend, raising hopes that...
GBP/USD loses momentum near uptrend line Stochastic ticks higher, but RSI flattens GBP/USD headed south in the preceding week, breaking the long-term ascending trendline to the downside. However,...
Gold Holds Steady as the US Dollar Strengthens Gold (XAU/USD) traded sideways last week, fluctuating between $2,720 and $2,750. Robust US economic data strengthened the US dollar (USD) and Treasury...
The British pound is steady on Friday. In the European session, GBP/USD is trading at 1.2986, up 0.07% on the day. UK PMIs Decelerate in October UK PMI releases on Thursday pointed to weaker activity...
GBP/USD saw a bounce despite weak UK PMI data, attributed to US Dollar weakness. The Bank of England may consider interest rate cuts due to slowing inflation, potentially weakening the Pound...
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