Summary While there have been some mildly encouraging developments in the recent U.K. data flow, the outlook for the British economy remains distinctly subpar. A flat Q4 GDP outcome has been followed by improving confidence surveys early this year. However, with prior price increases likely to pose lingering challenges to household purchasing power, we still […]
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Daily Pivots: (S1) 1.0844; (P) 1.0861; (R1) 1.0886; More… EUR/USD is staying in consolidation below 1.0894 and intraday bias stays neutral. Further rally is expected as long as 1.0810 resistance turned support holds. Break of Read more…
Global financial markets are trading with a risk-on sentiment today, starting from the Asian session and continuing through the European and early US sessions. However, gains in stocks have been relatively limited, partly constrained by Read more…
Fed Vice Chair Michael Barr stated in a speech today that while inflation has decreased from its peak of 7.1% to 2.7%, it is “not yet all the way to 2% target. He noted that Read more…