The British pound has reversed directions after an impressive rally that saw GBP/USD climb 370 points. In the European session, GBP/USD is trading at 1.2154, down 0.24%. US dollar recovers The collapse of the Silicon Read more…
When is the UK Budget? Chancellor Jeremy Hunt will unveil the Spring Budget on Wednesday 15th March, usually around 12:30pm. What to expect? This will be the first budget following former PM Luz Truss and Read more…
EUR/GBP falls after UK jobs data UK unemployment stays at 3,7% Pay excluding bonuses cools to 6.5% from 6.7% EURGBP falls for a 5th day EURGBP is falling for a fifth straight day as investors Read more…
Daily Pivots: (S1) 160.57 (P) 161.82; (R1) 163.58; More… GBP/JPY recovered notably after dipping to 160.02 and intraday bias is turned neutral first. Outlook is unchanged that fall from 165.99 is probably developing into another Read more…
Daily Pivots: (S1) 0.6551; (P) 0.6596; (R1) 0.6626; More… AUD/USD failed to sustain above 0.6694 resistance so far and intraday bias remains neutral. . Focus is on whether 0.6546 fibonacci level would provide strong support Read more…
US yield curve inversion unwinding quickly, imminent recession concerns US Treasury yield has experienced a significant decline as funds continue to pour into bonds due to the collapse of Silicon Valley Bank. Overnight, the 2-year Read more…
Australia NAB Business Confidence dropped sharply from 6 to -4 in February. Business Conditions dropped from 18 to 17. Looking at some details, trading conditions were unchanged at 27. Profitability conditions dropped from 18 to Read more…
Australia NAB Business Confidence dropped sharply from 6 to -4 in February. Business Conditions dropped from 18 to 17. Looking at some details, trading conditions were unchanged at 27. Profitability conditions dropped from 18 to Read more…
Key Highlights GBP/USD recovered and surpassed the 1.2200 resistance. EUR/USD might extend gains and revisit 1.0800. The UK Claimant count could change -12.4K in Feb 2023. The US CPI could drop from 6.4 to 6.0% Read more…