UK lenders expect demand for mortgages to plateau in coming months

The recent week of Japanese yen weakness is likely driven by “political jawboning” The current jump in the JPY implied volatility index has reached an overstretched condition that suggests a potential pause in the recent USD/JPY’s up move. A break below 143.60 intermediate support on the USD/JPY may trigger renew weakness. This is a follow-up…

Article Highlights Momentum Warning at Record Highs: MACD bearish crossover at all-time highs. Price touched $498.83 before pullback. Indicator readings suggest correction risk. Critical Support Zone in Play: $468-$475 confluence of 20 EMA and horizontal support. Break below targets 50 EMA at $458. Bulls must defend or face deeper decline. Tesla (TSLA) is trading around…

GBP/USD pares some of last Friday’s losses and edges up moderately on Monday as the latest US inflation report might not deter the Federal Reserve (Fed) from cutting rates this week. At the time of writing, the pair trades at 1.3319, up 0.07%. Sterling finds support from improved risk mood ahead of Trump–Xi meeting The…

The Australian Securities and Investments Commission (ASIC) said Wednesday that it has cancelled the Australian financial services (AFS) license of over-the-counter (OTC) derivatives issuer, Prospero Markets Pty Ltd (in liquidation), effective from September 25, 2024. Prospero’s AFS license was suspended in December 2023 after the company failed to submit its 2023 audited financial accounts. Following…

Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing…