GBP/USD is declining due to speculation of a BoE rate cut and concerns about global growth. Market participants are pricing in a 53% chance of rate cuts in August, but economists polled predict an 80% Read more…
Steep fall extends into the ninth consecutive day and accelerated on Thursday (down 0.85% in Asian / European session), hitting the lowest levels since early May and being on track for the biggest weekly loss Read more…
On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153. According to Reuters, this could be attributed to effective intervention by the Bank of Japan. While intervention was Read more…
Market picture The pressure on financial markets has spread to cryptocurrencies – the flip side of the long-desired easing of institutional access to the crypto market. The launch of the Ethereum ETF coincided with the Read more…
Check back for updates throughout the trading day U.S. equity futures extended declines Thursday, following on from the worst day for the S&P 500 and the Nasdaq in nearly two years, as investors continue to Read more…
EURJPY extends steep fall into fifth straight day and hit 11-week low in early Thursday (down 1% in Asian session). Recent interventions by Japan’s authorities boosted yen across the board and fresh strength gained strong Read more…
Germany’s Ifo Business Climate Index fell from 88.6 to 87.0 in July, missing expectations of 89.0. Current Assessment Index also dropped from 88.3 to 87.1, below the anticipated 88.5. Additionally, Expectations Index declined from 88.8 Read more…
WTI crude oil tests 77.70 support Price holds beneath SMAs RSI and MACD indicate more losses WTI crude oil futures have been in a bearish movement after the pullback off the 84.70 resistance level. It Read more…
Daily Pivots: (S1) 1.0821; (P) 1.0844; (R1) 1.0861; More….. Intraday bias in EUR/USD stays mildly on the downside for the moment. Fall from 1.0947 short term top should extend to 55 D EMA (now at Read more…
Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… No change in GBP/USD’s as range trading continues. Intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will Read more…