In an early video on the GBPUSD , I spoke to the pair’s next target coming at the key 50% midpoint. More specifically, I wrote: “On the downside, the next key target comes against the 50% midpoint at 1.28658 (see chart below). The level also corresponds with a modest swing area going back to July
> AUD/USD higher – stronger yuan fix, good jobs report Eamonn Sheridan Thursday, 20/07/2023 | 01:34 GMT-0 20/07/2023 | 01:34 GMT-0 AUD/USD has jumped higher with supportive news from China (boosting the yuan) And also from Australia: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW
Sterling falls sharply following the release of June’s UK CPI figures which revealed faster than expected slowdown in both headline and core inflation. Despite the persistent high inflation levels, these figures suggest BoE may not need to raise interest rates as aggressively as previously anticipated by some economists, potentially easing some monetary policy pressures. In
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. Gonzalo Fuentes | Reuters Tesla reports
Share: Bank of England (BoE) Deputy Governor Dave Ramsden acknowledged that the Consumer Price Index (CPI) inflation has begun to fall significantly in the UK but noted that it was still “much too high,” per Reuters. Key takeaways “If there is evidence of more persistent pressures, then further tightening in monetary policy would be required.” “Monetary
The Brent crude oil benchmark hovered above $80 a barrel on Wednesday, buoyed by China’s pledge to reinvigorate economic growth and expectations that the U.S. Federal Reserve will stop raising interest rates soon. Brent futures were up 63 cents at $80.26 a barrel by 1325 GMT while U.S. West Texas Intermediate (WTI) crude was up
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oil was just below the 200dma ahead of the release WTI crude oil is trading just shy of $77 ahead of this week’s EIA inventory report at the bottom of the hour. The consensus on the data: Crude -2440K Gasoline -1577K Distillates +460K The API data released late yesterday: Crude -797K Gasoline -2800K Distillates -100K
Sterling continues its descent, which was spurred on by the fallout from UK CPI data, in early US session. The odds of a 50 bps rate hike from BoE in August are being reassessed, now standing at a mere 50% probability. Furthermore, expectations of a peak rate have also dipped, falling below the 6% threshold.
Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — U.K. inflation cooled significantly in June, coming in below consensus expectations at 7.9% annually. Economists polled by Reuters had projected an annual rise in the headline consumer price index of 8.2%, following the hotter-than-expected 8.7% reading
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT CEO David Solomon, Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall
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The second quarter of the year has been a solid one for Bitcoin’s performance as its market dominance gained against altcoins which “bled” throughout the quarter according to CoinGecko. On July 18, the crypto data aggregator released its industry report for Q2 2023 which noted Bitcoin (BTC) and Ether (ETH) continued to build upon their
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group note EUR/USD could climb to the 1.1300 region in the near term. Key Quotes 24-hour view: We highlighted yesterday that EUR “is likely to continue to trade sideways.” However, we indicated that “the underlying tone has firmed a tad, and EUR is
Gold prices pulled back on Wednesday from a 1-1/2-month high scaled in the previous session even as investors bet that recent U.S. economic readings make the case for a pause in the Federal Reserve‘s interest rate-hike stance. * Spot gold was down 0.1% at $1,978.09 per ounce by 0043 GMT, after hitting its highest since
The Dow industrial average is working on a six-day winning streak. The NASDAQ and S&P have been up 5 of the last 6 days coming into today. All 3 indices are higher today with the Dell industrial average and the NASDAQ index now both up over 1%. The S&P is up 0.83%. Looking at the