© 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
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
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 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 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
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
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© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Samuel Indyk and Brigid Riley LONDON (Reuters) -The dollar rebounded from a 2-1/2 month low on Wednesday as the minutes from the Federal Reserve’s last meeting hinted that interest rates would likely
Share: Economists at Commerzbank expect the EUR/CHF pair to enjoy modest gains next year. Scope for a stronger Franc again in 2025 We see a moderate depreciation of the Franc against the Euro next year. The EUR should benefit from the fact that market expectations regarding interest rate cuts in the Eurozone are
In the fast-paced world of financial trading, having the right tools at your disposal is crucial for success. One such tool that has been gaining significant attention in recent times is the M W Pattern MT4 Indicator. In this article, we will delve into the intricacies of this indicator, exploring its features, functionality, and how
