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Despite a quiet economic calendar to start the week, GBP/USD has seen some volatile price action on the back of the US Services PMI report. GBP/USD continues to find support at the bottom of its...
So far this year, the GBP/USD has made significant progress to the upside and the reason was firstly weak USD as speculators thought that FED is nearing the end of a hiking cycle, and of course strong...
UK headline inflation falls but the core rate jumps US debt ceiling impasse continues, boosting US dollar GBP/USD is down for a third straight day, trading at 1.2374, down 0.33%. Earlier, GBP/USD...
Another release of UK consumer inflation well above expectations has failed to take the issue off the country's agenda.The report for April showed a 1.2% rise in consumer prices, compared to the 0.8%...
GBPUSD is moving with weak momentum within the 20- and the 50-day simple moving averages (SMAs), indicating that a sideways move may be on the cards in the short-term timeframe. The recent outlook is...
The US dollar has strengthened against its major rivals over the past two weeks, gaining 2% against a basket of major currencies. The Dollar Index surpassed 103, a level not seen since the second half...
Three events stand out next week. The preliminary PMI readings for many high-income countries and the policy meetings of the Federal Reserve and the Bank of Canada. The geopolitical backdrop remains...
Let’s start with a quote today by finance executive Steven P. Greiner: “Uncertainty is about our inability to calculate the risk accurately." It embodies everything about the stock market...
The Canadian dollar continues to have a quiet week. In the North American session, USD/CAD was trading around 1.2530.Canada’s Manufacturing sales climbed for a second consecutive month in...
The relentless, multi-year rally in the shares of Microsoft (NASDAQ:MSFT) continues to defy even the most bullish forecasters.In 2021 alone, the software giant gained almost 55%, almost double the...
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