The GBP/USD pair continues to rise, and this move appears fully justified. As a reminder, the dollar has faced numerous negative factors in recent weeks, including the US Treasury’s decision to increase its purchases of long-term bonds, a weak Nonfarm Payrolls report, slowing consumer price inflation, slower GDP growth, and declining market expectations for tighter […]

Both the Nasdaq and S&P indices are settling with nearly identical gains of around 0.45% on the day. From a technical perspective, both are also ending the week caught between key shorter-term moving averages — below their 100-hour moving averages on the topside, but above their 200-hour moving averages on the downside. That sets up

The wave count on the 4-hour chart for EUR/USD is becoming more complex. There is still no question of invalidating the upward trend segment (lower chart), which began in January last year. On the contrary, we have seen a complete A-B-C corrective structure that has most likely ended. We never saw a convincing wave 5

Weak US macroeconomic data weakened the dollar and reduced expectations for further Fed rate hikes The S&P 500 and Nasdaq finished the session with modest losses, reacting to the latest batch of weak US macroeconomic data. The slowdown in economic indicators was immediately reflected in the FX market, causing the US dollar to weaken against

The major U.S. stock indices closed lower, with selling accelerating into the afternoon as rising oil prices and higher Treasury yields weighed on investor sentiment. The declines came after the S&P 500 reached a record high last week, leaving the market vulnerable to some profit-taking. The closing levels show: Dow industrial average: -272.03 points or