Speaking in Sintra, Portugal, on Wednesday, Bank of England Governor Andrew Bailey said that “the UK economy has proven to be much more resilient” and that the British central bank will do “everything necessary to bring inflation to its target level” as “the data showed clear indications of sustained inflation. Most economists now believe that […]
The better claims and GDP has sent the USD higher and the GBPUSD lower. The price low for the GBPUSD has moved down to a downside target at 1.2599 (call it 1.2600). A move below that level is needed to increase the bearish bias technically today with the 50% of the move up from the […]
German CPI/HICP Beat Estimates German inflation rises across all measures in the month of June ECB likely to continue hawkish tone due to stubborn inflation. Euro to remain supported Surprising US GDP data lifts the dollar, sending EUR/USD sharply lower moment after release The analysis in this article makes use of chart patterns and key […]
5/5 © Reuters. Workers pick green tea at a plantation in Githunguri, Kiambu County, Kenya June 8, 2023. REUTERS/Monicah Mwangi 2/5 By Duncan Miriri and Marc Jones NAIROBI/LONDON (Reuters) – As Pakistan spiralled into crisis this year, Wilson Muthaura pressed its government to put the tea Kenya’s KTDA co-operative produces 3,400 miles away on a […]
Bitcoin (BTC) Prices, Charts, and Analysis: MicroStrategy Bitcoin holding back in profit. Bitcoin needs to take out resistance at $31k. Recommended by Nick Cawley Building Confidence in Trading MicroStrategy (MSTR) revealed recently that it had purchased a further 12,338 Bitcoin between April 27 and June 27 at an average price of $28,136, taking its overall […]
Dow, Nasdaq 100 and CAC40 make headway
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Article by IG Chief Market Analyst Chris Beauchamp Dow Jones, Nasdaq 100, CAC 40 Analysis, Prices, and ChartsDow heading back towards 34,000 Dow heading back towards 34,000 After making headway yesterday the index has stalled in the short-term. A further push above 34,000 would help to revive the bullish view and open the way to […]
When entering the financial market, the first thing you see is the Japanese candlestick chart. It has distinct shapes that reflect the price action of the market. And among them is a very different candlestick that looks like a pin – Pin Bar. Pin Bar is a candle shaped like a pin with an outstanding […]
© Reuters. Investing.com– Most Asian currencies retreated on Thursday, while the dollar strengthened as Federal Reserve Chair Jerome Powell flagged the potential for more interest rate hikes, pointing to pressure on regional markets. Speaking at a , Powell said that while the Fed had come a long way in its battle against inflation, there still […]
> New Zealand data – June business confidence and activity both improved from May ANZ Business Outlook survey with better news for the NZ economy Eamonn Sheridan Thursday, 29/06/2023 | 01:06 GMT-0 29/06/2023 | 01:06 GMT-0 ANZ comments: Business confidence leapt 13 points in June to -18, the highest read since November 2021. Expected own […]
Share: EUR/USD consolidates recent losses but lacks recovery momentum after snapping two-day winning streak. ECB’s Centeno recently prod policy hawks even as Lagarde & Company kept rate hike bias intact. Fed’s Powell advocates for two rate increases in 2023, rules out rate cuts. German inflation data, second-tier US statistics eyed for clear directions. […]
GOLD PRICES FORECAST: Gold prices were subdued on Wednesday after Fed chair Powell indicated that the central bank plans on hiking two more times this year Taking into account recent weakness, the precious metal has fallen more than 2.5% in June, approaching its lowest level since March 15 This article looks at XAU/USD’s key tech […]
US DOLLAR OUTLOOK: The U.S. dollar rebounds following hawkish comments from the FOMC chairman at a central banking forum in Sintra Powell says that more tightening is coming and that strong majority of Fed officials support two additional rate hikes this year This article looks at key DXY’s technical levels to watch in the coming […]
