GBP/USD bears seeking a restest of the structure. A confluence of the 38.2% Fibo, 21-moving average and structure is compelling support. As per the prior analysis, GBP/USD Price Analysis: Bears seeking the next corrective leg to the downside, the price did indeed melt to the downside, however, only to spike bac to test the highest
As expected, BOE left the Bank rate unchanged at 0.1%. Meanwhile, the QE program also remains at 875B pound worth of government bonds, and 20B pound of corporate debt. The economic projections reveal that policymakers are more optimistic about inflation projecting it to reach the +2% target this year. This signals that further rate cut
USD/JPY breaks the trend line and rallies for 7 days This is a great chart for a Technical Analysis 101 class. Just draw a trendline and buy a break. USD/JPY is now up 7 days in a row. It’s stalling ahead of the November highs so that’s a level to watch. Beyond that, keep an
Moderate Democrats want to deal with 2 separate packages Moderate Democrats are asking House leader Pelosi to break up the relief bill. The 1st would be a pandemic vaccine package. The 2nd would focus on economic stimulus. Pres. Biden met with Republican leaders last week and they proposed a $600 billion deal. Biden has said
A growing number of options traders are sitting on large unrealized losses following Ethereum’s (ETH) latest price surge, highlighting once again the volatile and unpredictable nature of the cryptocurrency market. Pankaj Balani, the CEO of Delta Exchange, a St. Vincent-based cryptocurrency derivatives platform, tells Cointelegraph that he has observed “a lot of naked call writing
Oil prices extended gains on Thursday after the OPEC+ alliance of producers stuck to its reduced output policy and U.S. crude stocks fell, with optimism over a new U.S. pandemic relief bill adding further price support. Brent crude futures gained 25 cents, or 0.43%, to $58.71 a barrel by 1025 GMT, having earlier hit their
Weekly jobless claims came in a bit less than expected last week though U.S. employment gains remain sluggish. First-time claims for unemployment insurance totaled 779,000 for the week ended Jan. 30, the Labor Department reported Thursday. That was below the 830,000 estimate from economists surveyed by Dow Jones. This was the lowest week for claims
Signage is displayed outside a Yum! Brands Inc. Taco Bell and Kentucky Fried Chicken (KFC) restaurant in Louisville, Kentucky, U.S., on Thursday, Jan. 30, 2020. Luke Sharrett | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analyst predictions, despite international dining room closures weighing on same-store sales growth
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The GBP/USD pair has dipped under 1.36 ahead of the Bank of England’s Interest Rate Decision and the Asset Purchase Facility due out at 12:00 GMT. The BoE is set to leave its policy unchanged and publish its Monetary Policy Report and as we get closer to the release time, here are the expectations forecast
Sterling softens notably today as focus turns to BoE rate decision, and more importantly the stance regarding negative interest rates. Euro and Swiss Franc remain generally weak too. New Zealand and Canadian Dollars are paring some gains as risk markets turned mixed again. But Aussie is somewhat bucking the trend with a rebound. Dollar buying
EUR/USD at 1.2000 remains a key level to watch this week Invest in yourself. See our forex education hub. The pair is touching a low of 1.2008 on the day now as sellers continue to look poised to try and test the 1.2000 level. Will that come about today? The dollar has been keeping rather
The yields spread between core and riskier debt in the Eurozone narrows The rise in Treasury yields over the past few days on stimulus hopes is helping to light a fire on yields elsewhere but this also alludes to the market being less confident about the ECB cutting rates further as an option to deal
NEW DELHI: Gold and silver futures prices slid on Thursday tracking the trend in the international market as rising dollar and bond yields resulted in flight of money from non yielding precious metals. The dollar hit its highest in over two months on Wednesday, making precious metals expensive for holders of other currencies. Benchmark 10-year
A house for sale on December 17, 2020 in Scituate, Massachusetts. Matt Stone | MediaNews Group | Getty Images Mortgage rates fell for the first time in nearly a month, and that lit a fire under current borrowers who may have thought they missed the boat on refinancing their loans. Applications to refinance jumped 11%
A woman wearing a facemas exits a Chipotle Mexican Grill restaurant with her takeout order on January 14, 2021 in Monterey Park, California. Frederic J. Brown | AFP | Getty Images Chipotle Mexican Grill is expected to report its fourth-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are