The British pound continues to lose ground on Wednesday. In the European session, GBP/USD is trading at 1.2546, down 0.35%. UK inflation holds steady at 4.0% The January inflation report showed that inflation didn’t budge Read more…
Cable extends weakness into second straight day, initially deflated by stronger dollar on unexpectedly hot US inflation on Tuesday, while today’s softer than expected UK CPI data raised bets for BoE rate cut by June Read more…
Daily Pivots: (S1) 188.87; (P) 189.48; (R1) 190.50; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations could be seen first. Downside should be contained well above 185.21 support to Read more…
Daily Pivots: (S1) 0.8491; (P) 0.8513; (R1) 0.8526; More… Intraday bias in EUR/GBP is turned neutral with current recovery. But further decline is expected as long as 0.8571 resistance holds. Current fall is seen as Read more…
Daily Pivots: (S1) 149.73; (P) 150.31; (R1) 151.37; More… USD/JPY’s rally from 140.25 is still in progress and intraday bias stays on the upside for 151.89/93 key resistance zone. Decisive break there will confirm larger Read more…
Daily Pivots: (S1) 0.8786; (P) 0.8833; (R1) 0.8919; More…. USD/CHF’s rally from 0.8332 is still in progress, and intraday bias stays on the upside. Next target is 100% projection of 0.8332 to 0.8727 from 0.8550 Read more…
Daily Pivots: (S1) 1.0674; (P) 1.0736; (R1) 1.0772; More… EUR/USD’s fall from 1.1138 is in progress and intraday bias remains on the downside. Current development argues that whole rise from 1.0447 has already finished. Deeper Read more…
Daily Pivots: (S1) 1.2549; (P) 1.2617; (R1) 1.2661; More… GBP/USD dips notably today but stays above 1.2517 support. Intraday bias remains neutral for the now. On the upside, break of 1.2691 resistance will indicate that Read more…
Sterling is taking a modest step back today, responding to UK’s latest inflation report that came in below market expectations. Despite this, the actual figures for both headline and core CPI merely held their ground Read more…
Nvidia (NVDA) shares moved higher in early Wednesday trading, lifting its market capitalization to within touching distance of the $2 trillion mark, as investors continue to reprice sales and profit growth forecasts for the world’s Read more…