The British Pound has lost around 0.5% against the Dollar since the start of the day on Tuesday, falling to 1.2660. Markets have eased expectations for aggressive US interest rate cuts. In addition, UK employment Read more…
UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment report. In the European session, GBP/USD is trading at Read more…
The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier. Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by Read more…
Apple’s latest iPhone 15 and 15 Plus. | Photo by Dan Seifert / The Verge For the first time ever, Apple beat out Samsung to ship the most smartphones in a year according to IDC’s Read more…
Apple’s latest iPhone 15 and 15 Plus. | Photo by Dan Seifert / The Verge For the first time ever, Apple beat out Samsung to ship the most smartphones in a year according to IDC’s Read more…
AUDUSD posts a new negative wave RSI looks oversold 50- and 200-period SMAs ready for bearish cross AUDUSD is plunging towards a fresh one-month low of 0.6606 today, confirming the negative structure that started from Read more…
GBPUSD experiences losses in the past couple of sessions But its short-term sideways structure holds Momentum indicators turn slightly negative GBPUSD had been trending higher within an upward sloping channel, posting a fresh four-month peak of Read more…
EURJPY takes a breather after one-month high A break above the 160 area is required EURJPY has been moving back and forth within the 158.50-160.00 region following last week’s aggressive bounce to a one-month high of 160.17. Read more…
In a Reuters interview, ECB Governing Council Member Tuomas Valimaki addressed the disparity between market pricing, which suggests a 150 basis points rate cut this year, and the views of economists. He pointed out that Read more…
At the World Economic Forum in Davos, ECB Governing Council member Mario Centeno highlighted the positive direction of medium-term inflation, noting that its “trajectory is very positive right now.” He further told CNBC that “we Read more…