Key Highlights GBP/USD rallied above the 1.2200 and 1.2250 levels. A major bullish trend line is forming with support near 1.2170 on the 4-hours chart. EUR/USD started a consolidation phase above the 1.0450 support. Gold price is struggling to gain bullish momentum above $1,800. GBP/USD Technical Analysis The British Pound started a fresh increase from […]
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…