A surplus in a nation’s current account could help to strengthen its currency in the foreign exchange market. Canva What Is the Current Account? A nation’s current account represents the broadest measure of trade in Read more…
The Euro started a decent increase above the 1.0200 and 1.0280 resistance levels against the US Dollar. The EUR/USD pair gained pace above the 1.0420 level to move into a positive zone. It tested the Read more…
The British pound has pushed above the 1.19 line on Friday. GBP/USD is currently trading at 1.1924, up 0.49%. Retail sales bounce back Retail sales showed some life in October, posting a gain of 0.6% Read more…
The USDJPY is holding in extended directionless mode, consolidating around 140 handle after last week’s heavy losses (the pair was down 5.7% for the week). Sharp fall found firm ground at 138.62/14 zone (base of Read more…
Image: iFixit Repair specialists iFixit have released a new video of themselves stabbing and, ultimately, nail gunning a series of batteries in the name of teaching the world about battery safety. The takeaway? Despite the Read more…
The Japanese yen is unchanged on Friday and is trading at 14.017 in the European session. Japan’s Core CPI beats forecast Inflation continues to creep up in Japan. Core CPI accelerated to 3.6% in October, Read more…
EURGBP has been in a consolidation phase over the past two weeks, maintaining a foothold above the 0.8700 level and the support trendline drawn from the August low of 0.8338. The momentum indicators currently reflect a neutral-to-bearish Read more…
ECB President Christine Lagarde said in a speech, “the ECB will ensure that a phase of high inflation does not feed into inflation expectations, allowing too-high inflation to become entrenched.” “We have acted decisively, raising Read more…
WTI oil is consolidating within a narrow range in early Friday’s trading after bears accelerated on Thursday, pushing the price down nearly 4% for the day. Oil came under fresh pressure on concerns about weakening Read more…
USDCAD is hovering above the 1.3300 mark after several days of trying to break the 1.3225 support level. The short-term bias is neutral to bearish as the RSI is flattening below the neutral threshold of Read more…