Month: August 2023

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Share: Pound Sterling prepares for further rally as market mood remains upbeat. UK’s business confidence improves as firms expect interest rates to peak sooner. Lloyds Bank Business Barometer shows that businesses will keep raising wages and prices ahead. The Pound Sterling (GBP) demonstrates a corrective move as investors seek fresh cues about the interest rate peak
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Hello Traders! Here is today’s GBPUSD technical analysis. I will be reviewing the GBP/USD forecast using Elliot Wave Theory and Fibonacci. Join my Patreon page to get access to the private chats, education information and members forecast area: https://bit.ly/3G7wfGm Learn to read the market without indicators and utilize proper risk management when analyzing Forex pairs
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Reuters’ influential ‘secondary sources’ oil survey is out and highlights rising Iranian production. The country isn’t subject to OPEC quotas because of sanctions declines. The Biden administration — which blocked the Keystone XL pipeline — has instead turned a blind eye to Iranian sanctions and has recently loosened them on Venezuela as well. Those moves
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Euro falls broadly today together with other European majors. Some might point to the expected slowdown in Eurozone core inflation in August as a factor. But indeed headline inflation was steady from the prior month, above expectations. Comments from ECB officials were also hawkish. Traders are probably just squaring positions ahead of tomorrow’s US non-farm
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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Dollar is facing accelerated selloff following the release of disappointing ADP private employment data, which showed deceleration in both job and pay growth. Although the employment numbers were by no means dismal, the cooling job market is being perceived as a positive development by Fed and market participants. This perception stems from the notion that
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In this article BF.B Follow your favorite stocksCREATE FREE ACCOUNT Jack Daniel’s Tennessee Whiskey Getty Images Jack Daniel’s maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led
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Relief efforts are still underway on the Hawaiian island of Maui following a series of wildfires severely damaging major areas including Lahaina. All Hands and Hearts, a disaster relief organization, has been collecting cryptocurrency and fiat donations to assist local Maui residents in the wake of the fires which took the lives of more than
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