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Forex
Pound Sterling is currently consolidating, hovering around the 1.2631 mark
GBP/USD outlook: Cable moves within extended range ahead of key US data
Cable remains in extended sideways mode, with a narrow range on holiday-thinned…
AUD/USD steady amid global market holiday, awaits US PCE data
AUD/USD stands still with the market awaiting the US Core PCE inflation figures and personal spending insights.
Forecasts suggest a slight slowdown in Core…
EUR/GBP Price Analysis: Bearish sentiment prevails, daily and hourly trends lean negative
The daily chart reveals a mostly bearish environment with somewhat flat indicators.
The hourly chart analysis depicts a potential bearish shift with the RSI…
Oil looks set to reach $90 despite US production at near full capacity
WTI Oil closed off Thursday at $82.82, close to a fresh five-month high.
Oil traders remain bullish despite recent US stockpile build-ups.
The US Dollar…
GBP/USD mildly up after PCE figures from the US meet expectations
The US PCE Price Index, rose to 2.5% YoY and 0.3% MoM in February, in line with market expectations.
The core PCE also met expectations.
With inflation…
USD/MXN tumbles post US Core PCE figures, eyes on Fed’s Powell
USD/MXN falls to 16.57, as the latest US inflation report met forecasts, offering no new impetus for market shifts.
Fed officials, including Governor…
USD/CAD challenges the 20-day SMA following PCE data from the US
US February’s PCE figures largely met expectations.
Next week, the focus will be on Nonfarm payrolls for markets to continue placing their bets on the next…
Powell speech: PCE inflation in line with expectations, no hurry to cut rates
Federal Reserve Chair Jerome Powell participates in a discussion at the Macroeconomics and Monetary Policy Conference, in San Francisco.
Key quotes:
My…
Powell speech: Economy strong without question
Federal Reserve Chair Jerome Powell participates in a discussion at the Macroeconomics and Monetary Policy Conference, in San Francisco.
Key quotes:
Latest…
GBP/JPY Price Analysis: Holds steady around 191.00 amid thin liquidity conditions
GBP/JPY hovers around 191.00, with trading subdued due to the Easter holiday.
Technical indicators show potential for movement, with key levels at 191.57…