GBP/USD – Pound Edges Higher ahead of UK Job Data

Non-farm payroll employment jumped by 216k in December, comfortably ahead of expectations calling for a gain of 175k. However, that strength is tempered by downward revisions to October and November of 45k and 26k, respectively. Hiring over the last three-months averaged 165k jobs per-month, down from the 180k averaged between September-November and below the 225k […]

Global markets experienced a volatile week, influenced by a tech selloff, China growth concerns, and anticipation of central bank decisions and US earnings reports Despite the volatility and tech led selloff, US equity funds saw inflows. Central bank meetings, particularly the FOMC and BoJ, and US NFP data will be key drivers of market sentiment […]

Gold slows pace after rebound off neckline RSI and stochastics look overstretched Gold prices jumped higher, meeting the restrictive region of 2,370–2,390, which is also acting as the right shoulder pattern in the short-term picture. However, the technical oscillators and the current market price action suggest a downside reversal. The RSI is pointing downward above […]