Daily Pivots: (S1) 1.3516; (P) 1.3540; (R1) 1.3572; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, break of 1.3627 will resume the rebound to 1.3748 resistance. Firm break there Read more…
Dollar trades broadly lower again today, as pressured by generally positive risk-sentiment. Yen is following as the next weakest. Canadian Dollar is also soft as WTI crude oil is struggling below 90 handle. On the Read more…
BoE Chief Economist Huw Pill said in a speech even though the voted for a 25bps hike last week, “given the inflationary pressures we currently face, I can certainly understand why colleagues on the MPC Read more…
Lyft and Uber remain locked in a Game-of-Thrones-style battle to the bitter end. Might a merger fix the challenges they face? It’s a question that’s been floating around for years: Could the two biggest ride-sharing Read more…
Atlanta Federal Reserve President Raphael Bostic said today on CNBC, “in terms of hikes for the interest rates, right now I have three forecast for this year. I’m leaning a little towards four, but we’re Read more…
Crude oil finally retreats Aluminium at 3-year highs Gold testing resistance Crude oil finally retreats Crude oil prices have remained under pressure after falling about 2% on Tuesday. The losses come after a strong start Read more…
Stock markets are making decent gains in Europe on Wednesday and US futures are also being led higher as confidence continues to build following a torrid start to the year. It’s hard to pinpoint exactly Read more…
Whether at Thursday’s meeting or further down the line, the Riksbank will inevitably have to become more hawkish as the impact of COVID begins to fade. But there are a lot of moving parts to Read more…
A community of cryptocurrency enthusiasts, friesDao, plans to buy at least one restaurant from a fast-food giant in the next 3-4 months. The idea germinated on New Year’s Eve on the social network Discord. At Read more…
GBPUSD is gaining 0.35% on Wednesday, surpassing 1.3585, not far from the month’s highs of 1.3620. The British pound is closely correlated with equity market dynamics, and the latest upward momentum in major global indices Read more…