Daily Pivots: (S1) 1.0881; (P) 1.1000; (R1) 1.1238; More… GBP/USD’s rebound from 1.0351 is still in progress and intraday bias stays mildly on the upside. Further rise could be seen to 61.8% retracement of 1.2292 to 1.0351 at 1.1551. On the downside, break of 1.0760 minor support will indicate that the rebound is over, and […]
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Today’s PMI figures were released and came in worse than analysts’ expectations. The Flash Manufacturing PMI and Flash Services PMI for both Germany and France fell below the 50.0 threshold, indicating that Europe’s economy is Read more…
The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK Read more…
Market Picture Crypto market capitalisation surpassed $3.3 trillion, up 3.8% in the last 24 hours. Ethereum (+7.4%), Solana (+7.5%), XRP (+24%), and Cardano (+9.6%) provided traction. The price of Bitcoin broke through $99K on Friday Read more…