GBPJPY retreats somewhat, but broader picture remains positive Momentum oscillators suggest declines GBPJPY retreats after several attempts to touch the 200.00 round number, but the short-term bias remains positive. From a technical perspective, there is a growing risk of a negative correction. The stochastic oscillator is pointing south, ready to post a bearish crossover, while […]
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In a briefing today, BoE Chief Economist Huw Pill emphasized that while the recent budget is expected to give inflation a temporary boost, the primary focus will remain on underlying, longer-term inflationary pressures. Pill is Read more…
Canada’s employment data for October revealed modest job growth, with 15k increase in jobs, falling short of the anticipated 33k. Employment rate slipped by -0.1% to 60.6%, marking its sixth consecutive monthly decline, while the Read more…
EUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce. Read more…