FTSE rises after PBOC cuts rates The FTSE, along with its European peers are moving higher after the PBOC cut interest rates overnight. The 10-basis point cut is the first by the Chinese central bank Read more…
The British pound is flat as we start the new trading week. The currency enjoyed another positive week and GBP/USD has now risen for four consecutive weeks, as the US dollar continues to struggle. There Read more…
Oil prices are showing no signs of easing as the bull market remains well supported by fundamentals. Brent crude has rallied for four consecutive weeks, surging by more than 11% since the beginning of the Read more…
Breaking news: coronavirus won’t be the number one enemy of the global economy in 2022. Instead, this year’s most significant risks will come from inflation and policymakers’ decisions in the recovery era from the consequences Read more…
Gold price failed to clear the $1,830 resistance and corrected lower against the US Dollar. The price broke the $1,820 support level to move into a short-term negative zone. Besides, there was a break below Read more…
EURUSD is returning around the 1.1400 level and is flirting with the long-term descending trend line in the Ichimoku cloud. Also, the price is still hovering underneath the 23.6% Fibonacci retracement level of the down Read more…
EUR/USD After the rally was limited by the resistance zone at 1.1480, the bears prevailed. The European common currency lost quite a bit of ground against the dollar and, during the early hours of today`s Read more…
Our weekly analysis on Elliott Waves takes a close look at the GBP/USD, the Ethereum cryptocurrency, and the Gold commodity. Our analysis indicates a bearish ABC correction on the GBP/USD, a potential 5 waves down Read more…
Markets US retail data on Friday printed softer than expected. Headline sales declined 1.9% M/M and control group sales (-3.1% M/M), a proxy for consumption in GDP, missed the consensus by quite a big margin. Read more…
The EURUSD turned lower on Friday after the US published weak retail sales numbers. The data revealed that the country’s retail sales declined sharply in December as inflation concerns remained. The headline retail sales declined Read more…