GBP/USD has been on quite roller coaster this summer and ride seems like it’ll continue.GBP/USD has been on quite roller coaster this summer and ride seems like it’ll continue. in the week brings both the US Federal Reserve System and therefore the Bank of England rate of interest Decisions. additionally , a breakdown within the […]
A breakout would present a stimulating trading opportunity: ChartThe US Dollar was bearish against most of its major pairs on Wednesday with the exception of the CHF and EUR. On the US economic data front, the Mortgage Bankers Association’s Mortgage Applications declined 2.5% for the week ending September 11th, compared to +2.9% within the prior […]
The lacklustre finish on Wall Street (except tech) has followed through into Europe, which points to a softer start before the Fed’s rate decision.Share: The lacklustre finish on Wall Street (except tech) has followed through into Europe, which points to a softer start before the Fed’s rate decision. Inflation beats GBP Holds SteadyAfter yesterday’s very […]
Japan recorded a trade surplus of 248.3 billion yen in August, much above 15 billion yen deficit expectedThis morning, government data showed that Japan recorded a trade surplus of 248.3 billion yen in August, much above 15 billion yen deficit expected, where exports declined 14.8% on year (vs -16.1% expected) and imports slid 20.8% (vs […]
Key technical indicators remain bearish: ChartThe US Dollar was bearish against most of its major pairs on Tuesday with the exception of the CAD and EUR. On the US economic data front, Empire Manufacturing jumped to 17.0 on month in September (6.9 expected), from 3.7 in August. Industrial Production advanced 0.4% on month in August […]
U.K. Prime Minister Boris Johnson’s Internal Market Bill passed its first hurdle in Commons.U.K. Prime Minister Boris Johnson’s Internal Market Bill, his decide to rewrite a part of the Brexit deal, passed its first hurdle in Commons. Also, the U.K. jobless rate for the three months to July was released at 4.1%, needless to say […]
Dollar index remains under pressure: ChartThe US Dollar was bearish against all of its major pairs on Monday. On the US economic data front, no major economic data was released. On Tuesday, Empire Manufacturing for September is predicted to rise to 7.0 on month, from 3.7 in August. Finally, Industrial Production for August is predicted […]
Investors were encouraged by a series of big-ticket merger & acquisition deals…On Monday, U.S. stocks closed 1% higher. The Dow Jones Industrial Average rose 327 points (+1.18%) to 27993, the S&P 500 gained 42 points (+1.27%) to 3383, and therefore the Nasdaq 100 rebounded 190 points (+1.72%) to 11277.Investors were encouraged by a series of […]