A series of macro statistics continue to be published to help build a picture of the economy ahead of the Bank of England’s final decision on Thursday. The economy is reported to have lost 0.3% Read more…
At the upcoming meeting, the American department is not expected to take steps aimed at changing monetary parameters. At the same time, officials will likely abandon overly hawkish or dovish rhetoric and focus on incoming Read more…
WTI oil price hit new multi-month low on Wednesday morning, in extension of Tuesday’s nearly 4% drop which fully reversed recovery of past three days. Larger bears regained full control after limited correction and signal Read more…
Eurozone industrial production fell -0.7% mom in October, worst than expectation of -0.3% mom. Production of capital goods fell by -1.4%, intermediate goods and non-durable consumer goods both by -0.6%, while production of durable consumer Read more…
BoE to keep rates steady at 5.25% and stick to existing guidance Avoid rate cut signals as no press conference or new projections scheduled No rate cut surprises expected; UK economy is still resilient The Read more…
NZDUSD experiences a sharp pullback from its 4-month peak But the 200-day SMA acts as a strong floor for now Momentum indicators deteriorate but remain in positive areas NZDUSD had been staging a solid rebound from its Read more…
Gold jumped to new highs last week Overall trend remains positive But RSI and stochastic suggest bearish correction Gold prices climbed to a high of 2,144.60 last week before falling. The price has been clearly Read more…
USDJPY in the green today ahead of this week’s key events It is now hovering below a key support area Momentum indicators confirm the weakening bearish pressure USDJPY is trying to record a green candle Read more…
Swiss State Secretariat for Economic Affairs has revised down its 2024 economic growth forecast for Switzerland, now expecting a growth of 1.1% instead of previous 1.2%. This revision indicates an expectation of below-average growth for Read more…
GBP/USD is moving lower from the 1.2650 resistance. USD/CAD is rising and might aim for more gains above the 1.3620 resistance. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a fresh Read more…