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GBP/USD is currently at 1.1565 in a 5th wave and a trend. If we can break the slope support, we are looking for a final move to the ATR target at the 1.1382-1405 area and then a reversal.We have...
Europe’s major currencies are trading lower once again today after Russia decided to shut its Nord Stream 1 pipeline that supplies much of Europe with gas. Understandably, this move from Moscow...
The bank holiday is over in North America, and the market is getting ready for increased trade volumes due to returning investors.The main stories in the market catching investors' attention are...
The dollar index rose above 110, updating 20-year highs on Monday morning as a flash reaction to increased pressure on the euro and British pound. European currencies are selling off amid an energy...
European stock markets are plunging at the start of the week following a day of mixed trade in Asia, with Gazprom's (MCX:GAZP) announcement on Friday weighing heavily on the bloc.A bank holiday in the...
The Federal Reserve continues to “price in” the next expected rate hike by the US Dollar, Indices, and gold. According to JP Morgan, who spoke to Bloomberg this morning, the market is...
The British pound can’t buy a break and has fallen for a fifth straight day. GBP/USD is trading at 1.1586 in Europe, down 0.29%.UK Manufacturing PMI contractsThe UK manufacturing sector has been...
GBPUSD has been underperforming over the past two days, meeting a new 29-month low at 1.1670. When looking at the bigger picture, the pair has been developing within a descending channel since...
Last month's nonfarm payrolls (NFP) data showed the US economy added 530K jobs in June. The number of jobs caught many off-guard as it was more than double what the market expected.July’s NFP...
The day we’ve all been waiting for has finally arrived as Jerome Powell prepares for his keynote speech at Jackson Hole. I have no doubts Powell will have chosen his words very carefully today,...
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