GBP/USD rise from 1.0351 continued last week and met target of 100% projection of 1.0351 to 1.1494 from 1.1145 at 1.2288. Further rally is expected as long as 1.1898 support holds. Sustained trading above 1.2288 will target 1.2759 medium term fibonacci level. In the bigger picture, rise from 1.0351 medium term bottom is at least […]
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Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who Read more…
In focus today Tonight, FOMC will publish minutes from its November meeting. Markets remain divided over whether the Fed will continue cutting rates in December, so any clues about the most likely policy rate path Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…