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This week Federal Reserve Chair Jerome Powell came out and said what the market had been thinking. He signaled that the US Federal Reserve could slow the rate at which it raises interest rates. The...
Markets may have over-priced Federal Reserve pivot Charts point to ‘oversold’ conditions on USD/JPY around key levels Long-term trend positive due to still-growing policy divergence...
Bullish: GBP/USD is currently at 1.1997 in a channel in a range. We are looking for a continuation to the ATR target at 1.2116 with a further target the 1.618 Fibo at the 1.2143 area.We have the start...
The British pound has risen to a 3-month high against the U.S. dollar on expectations that the Federal Reserve could slow the pace of interest rate hikes and a new U.K. Government budget proposal. The...
The British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at 1.2063, up 1.51%. The pound hasn’t been at these levels since mid-August. UK PMIs...
Today, the financial trading markets will mainly be focused on the PMI reports, which will be released throughout the day. So far, the EU and UK have released their PMI figures, while the US has...
Critics fault new budget for failure to plan for long-term growth US quiet ahead of Thanksgiving holiday as investors anticipate lower rate hikes ECB policymakers show little enthusiasm for another...
GBPUSD has been stuck in a prolonged downtrend since the beginning of the year, plummeting to an all-time low of 1.0324 in mid-September. Nevertheless, the pair has exhibited signs of recovery in...
The GBP/USD pair closes the week with gains amid upbeat Retail Sales data from the UK and as traders digest fiscal announcement from Chancellor of the Exchequer Jeremy Hunt.The British government...
Improved risk appetite helps support GBP/USD U.K.’s darkening macro-outlook means risks skewed to downside The key level for bears to defend is 1.20; for bulls 1.15 The GBP/USD managed to...
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