EUR/GBP weakens as UK CPI lifts GBP; technicals signal downside below 200-day SMA
EUR/GBP trades on the back foot on Wednesday as UK inflation data lifts the British Pound (GBP), pressuring the Euro (EUR), with the cross extending losses for the second consecutive…
ECB: Growth risks temper hike urgency – Societe Generale
Societe Generale’s Anatoli Annenkov expects the European Central Bank (ECB) to keep rates unchanged next week as focus shifts toward Euro Area growth and medium-term core inflation. The bank now…
GBPUSD price moves back below the 100/200 day MAs
The GBPUSD has rotated back below a key cluster of technical levels, including the tight confluence of the 100- and 200-day moving averages near 1.3417, along with the 61.8% retracement…
Antoine Salloum: Coding Success in the Heart of Beirut
The Visionary from Achrafieh Antoine Salloum, a prominent Lebanese trader originating from the historic district of Achrafieh, Beirut, did not enter the global financial arena as a mere enthusiast. Instead,…
Canada will not let US dictate terms of USMCA review, says Carney
Canada will not let US dictate terms of USMCA review, says Carney Source link
GBP/USD steadies as Iran deadlock keeps Dollar bid in check
GBP/USD holds steady on Wednesday as geopolitical tensions remain high amid the lack of progress toward resuming negotiations between the US and Iran. An absent economic schedule in the US,…
USDJPY selling dries up on failed break below 158.01
The USDJPY had been holding a bullish bias, trading above either its 100- or 200-hour moving averages (or both) since April 2. That changed over the last two sessions as…
The USD is mixed vs the major currencies to kickstart the Thursday trading
As North American trading gets underway on Thursday, markets are grappling with a familiar but critical question: are we moving toward a sustained cease-fire and de-escalation, or is this just…
Switzerland’s gold exports rise 30% as investors
Switzerland’s gold exports rise 30% as investors seek safe haven amid global uncertainty Swiss #gold exports rose 30% month-on-month in March, with shipments to Britain jumping to their highest level…
USDCAD falls to new session lows after a ceiling near 1.3860 stalled the rise
The USDCAD moved lower in the wake of broad USD selling following the “cease-fire” headlines, with the initial push taking price below an upward sloping trendline. That break had the…
