Rejection at $2000 Level Leaves the Door Open for a Move Lower

GOLD (XAU/USD) PRICE FORECAST: MOST READ: USD/CAD Remains Rangebound as Canadian CPI Falls More Than Expected. Where to Next? Gold prices continue to find acceptance above the $2000/oz a step to far. Yesterday saw an aggressive push above the resistance level only foe the Daily Candle to close back below the psychological level. Another attempt

Pound falls as U.S. inflation data weighs on GBP/USD By Investing.com

© Reuters. The currency pair took a sharp dive today, reaching a level of 1.2456, which represents about a 0.63% decrease. This movement is largely attributed to recent U.S. economic data suggesting that inflationary pressures remain and the economy may be deliberately slowing down as part of the Federal Reserve’s broader strategy. The University of

GBP/USD slides amid US inflation concerns, mixed UK economic outlook

Share: The GBP/USD tumbles during the mid-North American session after economic data from the United States (US) suggested the battle against inflation is not done while the economy continues to decelerate, as sought by the US Federal Reserve (Fed). At the time of writing, the pair is trading at 1.2456, losing 0.63%. Read More… GBP/USD

OPEC Delays Meeting and EIA Storage Data Rises Again

Oil (Brent, WTI) News and Analysis EIA storage figures reveal increasing stock levels – keeping prices suppressed Brent crude pullback has proven to be short lived after failing to surpass 200 SMA WTI revealing a bearish formation (evening star) at notable level of resistance The analysis in this article makes use of chart patterns and

USDMXN Set to Hit the 17.00 Round Number

USDMXN has been trading lower since its peak in April 2020. This pair is important due to its correlation with the USDindex and its implications across markets. The Mexican peso stabilised around the 17.2 level in November, sustaining a six-day rally, as weakening inflation and high unemployment in the US fuelled expectations that the Fed

GBPUSD tests key 200-Day MA, signals a bearish bias

GBPUSD on the daily chart is testing the 200 day MA The GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level

Tax Cuts, Business Investment and Debt Reduction

Main Takeaways from the 2023 UK Autumn Statement Main national insurance rate to be cut by 2%, from 12% to 10% for 27 million people Full expensing of capital investment for businesses made permanent. Business investment to improve by £20bn per year according to estimates State pensions to rise by 8.5% from April 2024 Welfare