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The British pound has risen to a 3-month high against the U.S. dollar on expectations that the Federal Reserve could slow the pace of interest rate hikes and a new U.K. Government budget proposal. The...
GBP/USD boosted by dollar weakness, risk-on Several test long-term 200-day averages after impressive recovery Potential for reversal, but bears must see bearish signal first A number of...
Critics fault new budget for failure to plan for long-term growth US quiet ahead of Thanksgiving holiday as investors anticipate lower rate hikes ECB policymakers show little enthusiasm for another...
Improved risk appetite helps support GBP/USD U.K.’s darkening macro-outlook means risks skewed to downside The key level for bears to defend is 1.20; for bulls 1.15 The GBP/USD managed to...
The dollar retreated 0.15% as China considered reducing inbound quarantine to 7 from 10 days. The greenback's slide followed Wednesday's 0.75% jump, the sharpest advance in a week, as soaring UK...
Monday was a dramatic day for currency traders, when Britain's new Chancellor of the Exchequer, Jeremy Hunt scrapped much of Prime Minister Liz Truss's earlier fiscal measures, explaining that it is...
Gold is off to a good start to the week However, the metal's fundamentals remain unfavorable in the long term Technically, a test of the resistance area between $1660 to $1676 should be critical going...
UK markets seem to be stuck in a vicious cycle they can’t get out of. Investors fear worsening economic conditions are down the line on the back of the latest spending plan unveiled by the...
In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...
No fundamental justification for a market bottom yet Dow has broken its corresponding summer lows, S&P likely to follow suit Lower lows and highs mean short always preferred over long...
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