GBP/AUD and GBP/NZD Pairs Step Into Final Leg of a Recovery

Key Highlights USD/JPY extended losses below the 142.50 support. A crucial bearish trend line is forming with resistance at 145.20 on the 4-hour chart. EUR/USD and GBP/USD surged after the Fed’s dovish stance. The US Manufacturing PMI could decline from 49.4 to 49.3 in Dec 2023 (Preliminary). USD/JPY Technical Analysis The US Dollar remained in […]

EUR/USD is on a downward trajectory on Friday, hovering around 1.0686 after a short-lived pause. The dollar experienced a temporary dip due to mixed American economic indicators and market anticipation ahead of the critical Core PCE inflation report, a significant factor in Federal Reserve decision-making. Yesterday’s data showed a larger-than-expected decrease in US unemployment claims […]

Current slow growth should start to pick up in the second half of 2024 as the factors weighing on household incomes ease. Scenarios that could send things off track include geopolitics, sticky domestic inflation and ongoing consumer weakness. Growth in economic activity is expected to be soft in the first half of 2024, driven by […]