Share: GBP/USD continues its downward trend, dropping 0.16% despite the UK GDP narrowly avoiding a contraction in Q3. The Bank of England’s cautious stance mirrors the Fed’s, as both central banks adopt a meeting-by-meeting approach to monetary policy. Upcoming economic releases from the UK and US, including jobs, inflation, and retail data, are
Prior was 63.8 Current conditions 65.7 vs 69.5 expected (70.6 prior) Expectations 56.9 vs 59.5 expected (66.0 prior) 1-year inflation 4.4% vs 4.2% prior 5-10 year 3.2% vs 3.0% prior This survey is more about gasoline prices and the political mood than anything else. That said, the Fed cares about it and seeing the jump
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from November 6 to 10, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 and
Share: GBP/USD failed to gain traction on Friday, extended its losses to five consecutive days, is down 0.16% or 20 pips from its opening price after hitting a daily high of 1.2237. At the time of writing, the pair exchanges hands at 1.2205. Read More… The Pound Sterling (GBP) is expected to continue
ECB President Lagarde (neutral – voter) over the weekend spoke with a Greek newspaper and reaffirmed their commitment to bring inflation down to target by 2025: We are determined to bring inflation down to 2%. According to our projections we will get there in 2025. Our mandate is to ensure price stability, and this is
Market Week Ahead: US Dollar, Gold, GBP/USD, EUR/USD, Cryptocurrencies Download our Q4 Top Trading Opportunities for Free Recommended by Nick Cawley Get Your Free Top Trading Opportunities Forecast A strong end to the week with risk markets popping higher going into the weekend. Equity markets reclaimed Thursday’s minor losses and continued to push ahead, with
Share: WTI prices are up for Friday, but Crude Oil remains significantly down from recent highs. Market fears about declining demand have replaced fears of spill-over from Gaza Strip conflict. Friday bidding likely a spot of profit-taking rather than outright reversal. West Texas Intermediate (WTI) Crude Oil prices have rebounded 2.8% on Friday,
WTI crude oil daily WTI crude oil has rebounded $1.22 today but it was flushed lower this week on a series of factors that offer hints on what’s coming next. 1) Technical selling The first reason is the simplest: $80 broke. Oil tested $80 several times before finally breaking it on Tuesday. That sent crude
Share: The key report for the week will be on Tuesday with the US Consumer Price Index. Additionally, more US inflation data is scheduled for Wednesday with the Producer Price Index. The Eurozone will report GDP growth, and the UK will release employment and inflation data. Australia will also release jobs data. The
MON: OPEC OMR, Canadian Remembrance Day (Observed). TUE: IEA OMR; UK Average Earnings/Unemployment (Oct/Sep), EZ Employment (Q3), German ZEW (Nov), US NFIB (Oct), CPI (Oct), Japanese GDP (Q3). WED: Chinese Retail Sales/Industrial Output (Oct), UK CPI (Oct), EZ Trade Balance (Sep), US PPI Final Demand (Oct), Retail Sales (Oct), Japanese Trade Balance (Oct). THU: CBRT
