Pound Sterling Update: GBP/USD Uptrend in Focus

GBP/USD News and Analysis GBP/USD oscillates around key level as uptrend takes shape Sterling holds narrow advantage over the US in terms of expected rate cuts Fed speakers and UK Autumn Statement next up on the calendar The analysis in this article makes use of chart patterns and key support and resistance levels. For more

Market Update – September 1 – The Calm Before the Storm?

The markets were quiet on the last day of August, awaiting the key jobs report today. Treasuries and the US Dollar were firmer, but off their best levels, while Wall Street closed mixed. Ongoing expectations that the FOMC can pause, or is done with rate hikes continued to support along with the lingering impact from

Market Update – August 31 – Markets sustain the “Bad News Is Good News” stance

Asian stock markets traded mixed overnight, with mainland China bourses underperforming. Chinese manufacturing contracted in August for a 5th straight month, while Chinese property stocks fell after Country Garden, once the country’s largest developer by sales, reported record losses and China Vanke cancelled a share placement. China’s property sector is dealing with a renewed liquidity

Market Update – August 30 –  Data bring Joy, for now?

Weaker than expected consumer confidence and JOLTS numbers helped diminish Fed rate hike risks which in turn underpinned strong gains in Treasuries, Wall Street & the Asian stock market today as the markets clawed back some of the hefty losses in August also on speculation that the Fed is nearing the end of the tightening

Market Update – August 28 – Higher for Longer

China bourses rallied after China announced support for equities markets; Beijing lowered stamp duty on stock traders for the first time the 2008 financial crisis and at the same time pledged to slow the pace of initial public offerings in an effort to boost investor confidence. Fed Chair Powell signalled caution on additional rate hikes.