STERLING AND FTSE 100 IN SPOTLIGHT AS UK POLITICAL TEMPERATURES RISE The British pound rose after the long weekend in the UK. The main catalyst for the pair was the political situation in the country, where Boris Johnson is...
STERLING AND FTSE 100 IN SPOTLIGHT AS UK POLITICAL TEMPERATURES RISE The British pound rose after the long weekend in the UK. The main catalyst for the pair was the political situation in the country, where Boris Johnson is...
S&P 500 AVOIDS BEAR MARKET AS VOLATILITY EASES The S&P 500 index avoided moving to a bear market as investors reacted to a relatively positive statement by Joe Biden on tariffs. It rose by more than points on Monday....
EURUSD STAGES A COMEBACK AFTER HAWKISH LAGARDE STATEMENT The EURUSD pair rose to the highest level since April 27 after a hawkish statement by Christine Lagarde. In a blog post, she said that the bank was ready to start...
GBPUSD GAINS MOMENTUM AHEAD OF UK RETAIL SALES DATA Wall Street was relatively mixed on Thursday after it experienced a strong decline on Wednesday. The Dow Jones declined by more than 300 points while the Nasdaq 100 tilted upwards....
ETHUSD FORMS BEARISH PENNANT PATTERN AS CONSOLIDATION CONTINUES The Japanese yen moved sideways on Wednesday after the relatively weak economic data from Japan. According to the country’s statistics agency, the economy contracted in the first three months of the...
GLOBAL STOCKS BOUNCE BACK AFTER STRONG CORPORATE EARNINGS Global stocks rose as risk sentiment in the market improved. In the United States, futures tied to the Dow Jones rose by 400 points while those linked to the Nasdaq 100...
EURUSD FORMS BEARISH FLAG AHEAD OF US RETAIL SALES DATA The British pound moved sideways ahead of the upcoming data release from the UK. The data will come at a time when the UK has become the epicenter of...
GBPUSD PLUMMETS AFTER WORRYING UK RETAIL SALES AND PMI Sterling and UK stocks declined on Friday after the weak retail sales and PMI numbers from the UK. Data by the Office of National Statistics (ONS) showed that retail sales...
EURUSD RETREATS AS THE ECB MAINTAINS QUICK STIMULUS EXIT American stocks rose on Thursday as investors reacted to the ongoing earnings season and corporate dealmaking. The biggest deal of all was Elon Musk’s offer to buy Twitter, the social...
DOW JONES TILTS UPWARDS AS THE EARNINGS SEASON STARTS The New Zealand dollar retreated against the US dollar even after the surprise rate hike by the country’s central bank. The RBNZ decided to hike interest rates from 1.0% to...