GBP/USD is set to finish the week with gains close to 3%, despite the UK’s bond crisis. US PCE figures increased the likelihood of the Fed going 75 bps as Fed officials reinforced their hawkish rhetoric. The GBP/USD remains downward biased, and once it clears 1.1050, it could fall towards the 1.0800 mark. The GBP/USD […]
GBP/USD clings to weekly gains around 1.1170s, bolstered by month-end flows Read More »
Dollar is lifted mildly after stronger than expected core PCE inflation reading. But overall markets are relatively quite in quarter-end trading. Sterling is still keeping its place as the strongest one for the week, but rebound appears to be losing some momentum. Euro is following as second, and then Swiss Franc. Yen is among the
Dollar Lifted Mildly by Core PCE Reading, Euro Losing Momentum Read More »
Bitcoin (BTC) swiftly climbed above $20,000 after the Sept. 30 Wall Street open as end-of-month volatility began. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin volatility back for monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining 3% in a single hourly candle to hit local highs of $20,171 on Bitstamp. The move
Bitcoin surges above $20K after 6% BTC rally gains steam ahead of the monthly close Read More »
GBPUSD back above 1.1100 The GBPUSD has seen more buying momentum in the early US trading session. The price has move back above the 1.1100 level. The price is trading above and below that natural support resistance level. The low for the week on Monday reached an all-time low of 1.03535. The high for the
GBPUSD flows sees the pair move back above the 1.1100 level Read More »
The major US indices are opening mixed close to unchanged levels. The major indices erased the premarket gains that saw the Dow industrial average up around 200 points at its highs. The S&P index today is getting closer to its rising 200 week moving average which currently comes in at 3589.57. The low price in
US stocks trade above and below unchanged as premarket gains are erased Read More »
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply
Nike shares fall as overstocked inventory weighs on earnings Read More »