The British pound sterling continues to decline steadily against the US dollar. The GBP/USD pair is trending towards 1.2848. On the one hand, the pressure from the USD rate is evident. On the other hand, Read more…
Check back for updates throughout the trading day U.S. equity futures extended gains Thursday, powered in part by further advances for the tech sector and a pullback in Treasury bond yields, as investors reacted to Read more…
GBPJPY’s massive sell-off continues, reaches 3-month low Short-term risk bearish but oversold conditions detected BoE policy announcement might influence GBP at 11:30 GMT GBPJPY suffered another bold attack this week, giving back 8% of its Read more…
UK PMI Manufacturing was finalized at 52.1 in July, up from June’s 50.9. Production growth was the fastest since February 2022, while input price inflation hit an 18-month high. Rob Dobson, Director at S&P Global Read more…
Eurozone’s PMI Manufacturing was finalized at 45.8 in July, unchanged from June, indicating ongoing contraction. PMI Manufacturing Output fell from 46.1 to 45.6, a 7-month low. Input costs increased at the fastest rate in a Read more…
For the month of August, I have my eyes set on three pairs for my swing trading opportunities during the course of the month. Asides these three, most of my other trade ideas will be Read more…
The yen was last this strong in mid-March this year. News from central banks contributed to the decline in USD/JPY. Yesterday, the Bank of Japan raised interest rates to levels not seen in the past Read more…
Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… GBP/JPY’s fall from 208.09 continues today and intraday bias stays on the downside. Current decline is a larger scale correction and should target 185.49 fibonacci level. Read more…
Daily Pivots: (S1) 160.76; (P) 163.65; (R1) 165.29; More… EUR/JPY’s fall from 175.41 is in progress and intraday bias remains on the downside. This decline should be a larger scale correction and should target 155.91 Read more…
Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.8382 might extend with stronger recovery. But outlook continues to stay bearish with 0.8498 resistance Read more…