The British pound is almost unchanged today, trading just above the 1.21 level. UK inflation hits double-digits It hasn’t been a good week for the UK, with today’s inflation report following grim wage growth numbers. Read more…
WTI oil price remains under pressure and holding near new seven-month low on Wednesday, following short-lived recovery attempt on Tuesday, which stalled at $90 zone. The price action holds in red for the fourth straight Read more…
Market picture Bitcoin has added 1.5% to $24.3K in the past 24 hours. Over the past couple of hours, the first cryptocurrency has regained Tuesday’s slump, finding support from buyers at last Friday’s local lows. Read more…
Renewed options bets from a key shareholder look to have powered a Reddit-fueled rally in Bed, Bath & Beyond shares that has added more than $1 billion to the group’s market value over the past Read more…
The ECB won’t meet until September 8th, which is before the next release of inflation data. Meaning that they will likely be deciding monetary policy on the data that comes out tomorrow. And this could Read more…
The British Pound started a short-term recovery wave from the 1.2000 support zone against the US Dollar. The GBP/USD pair climbed above the 1.2050 resistance. The pair even climbed above a major bearish trend line Read more…
Stock futures edge lower as inflation worries resurface; Fed minutes in focus as big rate hike bets accelerate; Retail sales on deck as gas prices tumble; Target higher after Walmart surprise lifts Q2 earnings hopes Read more…
A mixed start to trade in Europe after a more promising session in Asia overnight where stocks may have been boosted by talk of more pro-growth policies in China. That followed disappointing data late last Read more…
Daily Pivots: (S1) 160.77; (P) 161.75; (R1) 163.41; More… Overall, GBP/JPY is still extending the corrective pattern from 168.67. Intraday bias is back on the upside with break of 162.77 minor resistance. Further rise is Read more…
Daily Pivots: (S1) 135.34; (P) 136.13; (R1) 137.31; More…. Intraday bias in EUR/JPY stays neutral at this point. Overall, it’s staying in the corrective pattern from 144.26. On the upside, above 138.38 will resume the Read more…