British Pound: GBP/USD Charts and Analysis US rate expectations now point to a 25bp rate cut in May and a total of 125bps in 2024. US GDP and inflation data will be the key drivers of short-term momentum. Recommended by Nick Cawley How to Trade GBP/USD For all market-moving economic data and events, see the
Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, Nikkei 225 – Analysis and Charts Dow rally sees slower going The rally has slowed in recent days, though sellers have been unable to establish control even in the short-term timeframes.Further gains continue to target the summer 2023 highs above 35,600, while beyond
China’s health Ministry says that the @page { size: 21cm 29.7cm; margin: 2cm } p { line-height: 115%; margin-bottom: 0.25cm; background: transparent } surge in respiratory illnesses across China that has drawn the attention of the World Health Organization is caused by the flu and other known pathogens and not by a novel virus. Related
© Reuters. Today, as the North American trading session commenced, the New Zealand Dollar (NZD) demonstrated strength while the British Pound (GBP) lagged. The U.S. Dollar (USD) exhibited mixed performance against various currencies, with rebounding due to the impact of the Federal Open Market Committee (FOMC) decision. China’s economic situation continues to be challenging, with
The major stock indices are closing near session highs with the NASDAQ index leading the way. All 3 major indices are closing above their 100-day moving averages (bullish). All 3 indices are closing higher for the week. A snapshot of closing levels shows: Dow industrial average +391.16 points or 1.15% at 34283.09. Its 100-day moving
BITCOIN, CRYPTO KEY POINTS: Bitcoin Remains Rangebound as Open Interest Suggests Volatility May be on its Way. Whales Continue to Accumulate Bitcoin at an Impressive Rate as the $30k Mark is Seen as Key. Technicals are Starting to Point Toward a Retracement but a Weaker US Dollar Could Help Underpin the World’s Largest Cryptocurrency. To
© Reuters. The continuous devaluation of the Nigerian Naira, which recently peaked at N2,010 per CFA1000, has significantly disrupted cross-border trade and led to record high commodity prices. The situation has been particularly severe for traders dealing in rice and frozen poultry products at the Seme-Krake border in Lagos. The price of a 50kg bag
Share: The Canadian Dollar is bounding higher, extending weekly gains. Canada Unemployment Rate missed forecasts, hampering CAD upside. CAD gains 17.5K jobs, entirely part-time employment; wage growth also lower. The Canadian Dollar (CAD) is seeing further upside against the US Dollar (USD) after a US Nonfarm Payrolls (NFP) report that came in below
© Reuters. India’s foreign exchange reserves saw a significant increase, despite a notable foreign investor pullout, ending the week of October 27 with a total of $586.111 billion, a surge of $2.579 billion according to the Reserve Bank of India (RBI). This considerable rise was largely attributed to the maturity and reversal of a $5
The price of gold last Friday moved up to test its 100/200-day moving average (blue and green lines on the chart below). Sellers leaned against those levels and the price on Monday/Tuesday tried to keep a lid at those moving averages. However, on Wednesday, the price broke higher and it’s been trending to the upside
