Key Highlights GBP/USD started a fresh decline below the 1.3120 support. A connecting bearish trend line is forming with resistance at 1.3025 on the 4-hour chart. Gold prices rallied to a new all-time high above Read more…
BoC is widely anticipated to lower its policy rate by 50bps to 3.75% today, marking the fourth consecutive rate cut. The central bank is stepping up its monetary easing, as policymakers are increasingly worried that Read more…
San Francisco Fed President Mary Daly expressed optimism in a series of Twitter posts, noting that the US economy is in a much “better place” compared to two years ago. She highlighted that “inflation has Read more…
ECB Governing Council member Olli Rehn commented that disinflation process in the Eurozone is “well on track.” He acknowledged, however, that the economic growth outlook has “weakened quite clearly” over the past few months, which Read more…
In a lecture delivered overnight, ECB Governing Council member Francois Villeroy de Galhau stressed the importance of maintaining “agile pragmatism” in adjusting the current restrictive monetary policy. He emphasized that the risk of reducing the Read more…
Radio personality Ben Bernie first said it back in the 1930s. The term has been heard in the movie “They Shoot Horses, Don’t They,” and an “Happy Days” TV show while the band Chic used Read more…
EURGBP reversed from key support level 0.8315 Likely to rise to resistance level 0.8375 EURGBP currency pair recently reversed up from the key support level 0.8315 (which reversed the pair multiple times in September) standing Read more…
Silver under bullish pressure Likely to rise to resistance level 36.00 Silver is under bullish pressure after the earlier breakout of the resistance level 32.40 (which has been steadily reversing the price from the middle Read more…
One of the biggest barriers to homeownership for first-time buyers is affordability — specifically down payments and closing costs. Of course, the high mortgage rates and housing prices that have dominated the past few years Read more…
Despite the emissions benefits that come with switching from a car powered by gasoline or diesel-fueled engine to a battery-electric vehicle, it is not an entirely “clean” transition. Many automotive contemporaries like Ford CEO Jim Read more…