So, the Bank of England finally intervenes after coming under so much pressure to act as they saw borrowing costs soar, while bonds, sterling and the FTSE all got a hammering. In response, we saw the FTSE jump over 100 points after being down as much as 2% earlier in the session, while bond yields […]
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EUR/USD is trading around 1.1608 on Tuesday. The US dollar attempted to recover from a sharp intraday decline the previous day, which had been driven by expectations of a faster resolution to the conflict involving Read more…
As the XAU/USD chart shows, the gold price has been holding within the $5,060–$5,200 range over the past several sessions. Bullish view: the key support is the lower boundary of the long-term channel that has Read more…
Analysing the EUR/USD chart five days ago, we: → constructed a downward channel, noting signs that the bears remained in control; → outlined a scenario in which the rate would decline to a new yearly Read more…