FTSE 100 FALLS FOR THREE STRAIGHT DAYS AHEAD OF FOMC DECISION The Aussie attempted to bounce back after the relatively mixed economic data from Australia. According to Markit, the country’s service PMI, which accounts for the biggest part of...
FTSE 100 FALLS FOR THREE STRAIGHT DAYS AHEAD OF FOMC DECISION The Aussie attempted to bounce back after the relatively mixed economic data from Australia. According to Markit, the country’s service PMI, which accounts for the biggest part of...
FTSE 100 HOLDS STEADY AS INVESTORS REFOCUS ON BOE DECISION UK stocks started November on a positive note as the focus shifted to the upcoming interest rate decision by the Bank of England (BOE). The bank is also expected...
USD MAKES COMEBACK AS FED TAPERING BETS RISE The US dollar rose on Monday as the market reacted to a report that the Federal Reserve is set to wind down its $120 billion per month asset purchase program in...
USDCHF DROPS BELOW KEY SUPPORT AS DOLLAR WEAKNESS ACCELERATES Global stocks were little changed on Tuesday as the focus shifted to major corporate earnings. Some of the companies that are expected to publish their results are Johnson & Johnson,...
DOW JONES READIES A BULLISH BREAKOUT AS EARNINGS SEASON CONTINUES US stocks wavered on Monday as worries about supply chain issues remained. The Dow Jones declined by more than 60 points while the Nasdaq 100 rose by more than...
ASIAN STOCKS AND US FUTURES STEADY AS SUPPLY CHAIN WOES CONTINUE Asian stocks held steady in early trading even as investors continued focusing on the ongoing supply chain challenges. Many ports are seeing a significant increase in cargo volumes,...
GBPUSD FORMS BULLISH FLAG PATTERN AHEAD OF UK DATA USDJPY shot to the highest level in three years as the market waited for the upcoming US consumer price index (CPI) data. The numbers, which will come in the afternoon...
GBPUSD RETREATS AHEAD OF UK JOBS DATA Cryptocurrency prices rallied as Bitcoin crossed the important resistance at $57,000 for the first time since May this year. The rally pushed its total market capitalization to more than $1 trillion. The...
GBPUSD SLIPS AS US BOND YIELDS CONVERGE WITH UK OIL SHORTAGE US equities slipped on Tuesday as Treasuries jumped to the highest level in more than three months. The Dow Jones index declined by more than 600 points while...
EURUSD HOLDS STEADY AS THE GERMAN VOTE COUNT CONTINUES The US dollar index rose slightly in the overnight session as investors remained wary about the ongoing gridlock in Washington. In the past few weeks, divisions have emerged between moderates...