The British pound has posted very slight gains on Friday. In the European session, GBP/USD is trading at 1.3720, up 0.09% on the day. The pound is yawning despite better than expected UK data today. Read more…
EUR/USD During yesterday’s trading session, the U.S. blue-chip index breached the support level of 36237 and the forecast is for the index to test the important support at 35899. A possible breach of this level Read more…
Silver extends its recovery on the back of a weak US dollar. The metal saw support at the psychological level of 22.00. A break above the resistance at 22.80 and then an acceleration to the Read more…
The euro rose after ECB Vice President Luis de Guindos said the inflation spike may last longer than projected. Nonetheless, the bearish sentiment still prevails after the pair failed to hold on to 0.8370. The Read more…
The Nasdaq 100 faltered after an unexpected rise in US initial jobless claims. The tech index bounced off the demand zone around 15200 which used to be a resistance on the daily chart. A bullish Read more…
UK GDP rose strongly by 0.9% mom in November, well above expectation 0.4% mom. Looking at some details, services grew 0.7%, production rose 1.0% mom, and production increased 3.5% mom. Monthly GDP was back above Read more…
Markets US equities suffered a violent sell-off yesterday. Investors especially targeted the Nasdaq (-2.51%). The tech-heavy stock index is sensitive to (expectations of) higher rates. This is probably what drove Thursday’s move. In her Fed Read more…
US stocks wavered on Thursday ahead of the earnings season that kicks off today. The Dow Jones rose by over 100 points while the tech-heavy Nasdaq 100 index declined by about 80 points. The key Read more…
Optimism about a less dovish speech from the Federal Reserve (Fed) Chair Jerome Powell and a ‘not higher than expected inflation print earlier this week remained rather short-lived, as other FOMC officials didn’t beat about Read more…
Market movers today Today is the last day that the Fed can send any signals ahead of the January meeting, as the blackout period starts tomorrow. With the Fed signalling increasing support for a March Read more…