Bank of England Would Love Some Positive News From Inflation Front This Week
With the preliminary fourth-quarter GDP print on Friday saving the UK from declaring two consecutive […]
GBP/USD: Is Pound Ready for a Bearish Trend?
In the long run, GBPUSD seems to be forming a global triple zigzag w-x-y-x-z, in […]
What If US Inflation Didn’t Ease as Much as Expected?
US equities recorded their worst week since the year started. Hawkish comments from many Federal […]
GBP Might Strenghten as GDP Posts Positive
On Friday 10th February 2023, the Office for National Statistics published the figures for the […]
Two Trades to Watch: GBP/USD, USD/CAD
GBP/USD falls as the UK contracts in December GBP/USD is falling amid USD strength and […]
GBPJPY is in Neutral Bias with 161.80 Being Strong Obstacle
GBPJPY is standing above the long-term uptrend line, but the short-term view seems to be […]
GBP/USD Stages Recovery
The pound retreats as traders reposition ahead of a series of UK data. After coming […]
Focus Turns to UK GDP and Canada Employment for Direction
The markets are overall staying in directionless mode for now. Dollar’s selloff overnight didn’t last, […]
GBP/USD Rallies to Mid-1.21s, Despite Big Bets on a 6% Fed Rate
KEY TAKEAWAYS: Traders are now betting on a higher peak interest rate from the Federal […]
Riksbank to Hike Rates by 50bp
Market movers today The delayed German January inflation figures are on the agenda today. The […]
GBPCAD Wave Analysis
GBPCAD reversed from support level 1.6120 Likely to rise to resistance level 1.6400 GBPCAD currency […]
GBPUSD Forms Bearish Double Top; Confirmation Required
GBPUSD raised questions over its four-month-old positive trend after failing to print a new higher […]