Share: GBP/JPY remains lackluster near 180.50 despite the UK’s economic turmoil. BoE Bailey sees inflation likely at or below 5% by the year-end. Japan Kishida vowed to make a surge of wage rises sustainable to keep inflation above 2%. The GBP/JPY pair struggles for a direction as the impact of the Bank of
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones 30, DAX 40, Nasdaq 100 Analysis and Charts Dow fails to build on Wednesday’s recovery The index rallied off its lows yesterday, after heavy losses on Tuesday and Wednesday.Bulls now need to push the price back on above 33,230 to indicate that a low might
Rebounding from some pivotal, psychological levels, the vast majority of world equity indices rose yesterday, helped by a decrease in yields. Buying in the US intensified in the last minutes of trading led by large-cap techs such as TSLA (+5.93%), MSFT & AMZN. US500 was up 0.8%, its largest rise in 3 weeks and US100
The downturn in September is led by a slump in house building as output also saw its steepest decline since May 2020. Adding to that, new orders also suffered its fastest pace of decline in over three years. S&P Global notes that: “Output levels declined across the UK construction sector for the first time in
Canadian Dollar, USD/CAD, Technical Analysis, Retail Trader Positioning – IGCS Update Canadian Dollar heading for worst 2-weeks since mid-February Meanwhile, retail traders continue to increase downside exposure USD/CAD achieves key bullish breakout, but momentum fading Recommended by Daniel Dubrovsky Get Your Free USD Forecast The Canadian Dollar is heading towards its worst 2-week period against
US Dollar Vs Euro, British Pound, Japanese Yen – Price Setups: Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast Developments on the technical charts indicate that the US dollar’s rally is beginning to show tentative signs of fatigue, pointing to a minor pause in the near term. However, there are no signs
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© Reuters. FILE PHOTO: An India Rupee note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo By Milounee Purohit BENGALURU (Reuters) – The Indian rupee will trade in a tight range over the coming months as the Reserve Bank of India continues to intervene in the market to shield the currency
Share: EUR/GBP oscillates around the 0.8647-0.8661 region in a narrow trading band on Thursday. Eurozone Retail Sales came in at -2.1% YoY in August vs.-1%, worse than expectation. UK’s S&P Global/CIPS Composite PMI and Services PMI for September came in above the market consensus. Traders will monitor the German Trade Balance for August
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