GBP Rallying On Solid UK Labour Data - Bailey Up Next
Unemployment DropsGBP is rallying today on the back of the latest set of UK labour market figures. The unemployment rate was seen falling to 3.8% from 3.9%, in contrast to expectations for a 4%...
GBPUSD H1 | Potential bearish reversal
TitleGBPUSD H1 | Potential bearish reversalTypeBearish ReversalPreference:Price is currently at our pivot point of 1.25653 which lines up with a 78.6% Fibo retracement. A reverse from here. price...
AUDUSD H4 | Heading into resistance
TitleAUDUSD H4 | Heading into resistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.67953 and could potentially reverse from here; we could see momentum carry price...
Nasdaq Soaring Ahead of US CPI
CPI On WatchUS stocks are soaring today as traders look to the upcoming US CPI print to confirm a Fed pause this week. Headline CPI is projected to print at 4.1% YoY, down from 4.9% prior. Looking at...
USDCHF H4 | Bullish reversal from 61.8% Fibo
TitleUSDCHF H4 | Bullish reversal from 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.90296 and could potentially reverse from here; we could see momentum carry...
GBP Rallying As UK Sentiment Shifts
GDP Outlook ImprovingGBPUSD is trading back up towards the YTD highs today, extending gains seen across the back of last week, as sentiment towards the UK currency turns more favourable. The latest...
Dovish BOJ Comments Ahead of Friday Meeting
BOJ In Focus this WeekBank of Japan watchers and JPY traders are gearing up for the first BOJ rates meeting since new BOC chief Ueda ordered a review of monetary policy. The move taken at the last...
DXY H4 | Falling to overlap support
TitleDXY H4 | Falling to overlap supportTypeBullish BouncePreference:Price is falling towards the pivot point of 102.5944 and could potentially reverse from here; we could see momentum carry price up...
Chinese Banks Slash Rates As PBoC Easing Expectations Build
Deposit Rates SlashedIn the latest sign that the Chinese economy is struggling, its six state-owned commercial lenders have been required to cut deposit rates once again. Yuan-denominated deposit...
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