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Markets It’s as if some ECB members were inspired by yesterday’s comment by Fed Chair Powell that the US central bank is not far from being confident that the time is right to start dialing back the level of policy restriction. After Fed members recently closed ranks on a first rate cut in June, he […]

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20/09/2024

Gold Wave Analysis

Gold reversed from support level 2550.00 Likely to rise to resistance level 2600.00 Gold continues to rise inside the minor impulse waves v and 3, which belong to the intermediate impulse wave (3) from the start of June. The price earlier reversed up from the support level 2550.00, which stopped the previous short-term correction yesterday. […]
27/06/2024

GBP/USD Faces Downside Risk: What Traders Should Watch

Key Highlights GBP/USD faced rejection near 1.2700 and declined heavily. A major bearish trend line is forming with resistance at 1.2670 on the 4-hour chart. EUR/USD is also trading in a bearish zone below 1.0700. The US Gross Domestic Product could grow by 1.3% in Q1 2024. GBP/USD Technical Analysis The British Pound failed to […]
22/05/2024

Sterling Soars Once Again in the Wake of Consensus-Beating CPI

Markets US Treasury and German yields both ended a fairly quiet trading day a few basis points lower. Fed’s Waller in a second speech yesterday said that he’d consider a rate cut at the end of the year (December) if the data warranted it. He added that policy was restrictive enough though, echoing comments made […]