Sterling’s rally has been about more than better sentiment toward the UK. It has been driven by the disappearance of one of the market’s biggest bearish trades. As political uncertainty faded following the resolution of Read more…
Key Highlights GBP/USD started a recovery wave and surpassed the 1.3320 resistance. A key contracting triangle is forming with support at 1.3290 on the 4-hour chart. EUR/USD struggled to extend its recovery wave above the Read more…
Japan’s real wages rose 1.4% yoy in May, extending gains for a fifth consecutive month, although the pace slowed from April’s 2.0% increase. The latest reading marks the longest stretch of positive real wage growth Read more…
European Central Bank Executive Board member Isabel Schnabel cautioned that the recent decline in oil prices should not be interpreted as a return to pre-war inflation conditions, arguing that underlying price pressures remain elevated. “Does Read more…
The GBPJPY pair has decisively broken to a new high, thereby confirming the prevailing bullish trend. This development underscores the presence of a bullish sequence that favors continued upside momentum. In the short term, the Read more…
AUDJPY: ⬆️ Buy – AUDJPY reversed from support zone – Likely to rise to next resistance level 113.40 AUDJPY currency pair recently reversed from the support zone between the key support level 111.25 (which stopped Read more…
USDJPY: ⬆️ Buy – USDJPY reversed from pivotal support level 160.50 – Likely to rise to resistance level 163.00 USDJPY currency pair recently reversed from the support area zone between the pivotal support level 160.50 Read more…
FTSE 100: ⬇️ Sell – FTSE 100 reversed from key resistance level 10750.00 – Likely to fall to support level 10400.00 FTSE 100 recently reversed from the resistance area zone between the key resistance level Read more…
If you own J.P. Morgan Chase stock, the last two weeks delivered everything a shareholder could want. JPMorgan cleared the Federal Reserve‘s stress test, unveiled a record $50 billion buyback, and lifted its dividend 10%, Read more…
Autonomous driving companies like Waymo, Zoox and Tesla promise a future where self-driving vehicles are the norm and traffic accidents and fatalities fall significantly because of it. But while the data on whether autonomous driving Read more…