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Forex
Tesla stock hits record high after regulators pause sales suspension
Tesla’s share price raced to a record high on Thursday, after regulators moved to delay an upcoming sales suspension.The suspension came following accusations from the Department…
GBP/USD firm as soft CPI pressures Dollar, BoE stance supports Sterling
GBP/USD firm as soft CPI pressures Dollar, BoE stance supports SterlingGBP/USD surges during Thursday’s North American session as following the release of a benign US inflation…
One trendline holds the key to everything
Pfizer (PFE), the pharmaceutical powerhouse behind blockbuster drugs and vaccines, is trading at a technical inflection point where a single line on the chart tells a fascinating…
Gold rebounds as US CPI misses expectations
Gold (XAU/USD) rebounds on Thursday, trimming earlier losses after US inflation data surprised to the downside. At the time of writing, XAU/USD trades around $4,337, pressing…
GBP/CAD firms as BoE delivers a cautious rate cut
The British Pound (GBP) edges higher against the Canadian Dollar (CAD) on Wednesday, reversing earlier losses as markets digest the Bank of England’s (BoE) latest monetary policy…
EUR/USD extends losses ahead of ECB’s decision, US CPI release
EUR/USD has been rejected at 1.1750 and trades lower for the third consecutive day, changing hands at 1.1715 at the time of writing, but still within the weekly range, above…
ECB likely to hold interest rates amid steady inflation, sluggish economic growth
The European Central Bank (ECB) is holding its last two-day meeting of the year and will announce its monetary policy decision on Thursday. Financial markets anticipate the central…
US Consumer Price Index to provide inflation update after shutdown gap
The United States (US) Bureau of Labor Statistics (BLS) will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT.The inflation report…
DXY holds above 98.00 amid quiet US data – ING
The Dollar Index (DXY) remains supported above 98.00 as recent US data and Fed commentary have had little impact, with attention shifting to today’s ECB meetings for potential…
EUR holds near highs ahead of ECB decision – OCBC
Euro (EUR) consolidated near recent highs. Focus today on European Central Bank (ECB) decision. Policy rate is widely anticipated to be on hold but attention is on staff…