Sterling holds ground as BoE signals caution on rate cuts

Sterling holds ground as BoE signals caution on rate cuts
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Sterling holds ground as BoE signals caution on rate cuts
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The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released on Friday rose less than expected, alleviating some selling pressure on US equities. The Bank of Japan held rates steady, defying expectations of a rate cut, while the risk of a…
EUR/USD started a decent upward move above the 1.0460 resistance. USD/JPY declined below 153.00 and is currently consolidating losses. Important Takeaways for EUR/USD and USD/JPY Analysis Today · The Euro found support and started a recovery wave above the 1.0400 resistance zone. · There is a connecting bearish trend line forming with resistance at 1.0460…
Labour’s national executive committee (NEC) has blocked Andy Burnham’s request to seek selection for the Gorton and Denton byelection, setting off an immediate and furious row within the party. In a vote of the 10-strong “officers’ group” of the NEC, only one person, Lucy Powell, the party deputy leader and a close ally of Burnham,…
After a solid run, GBP/NZD is now bumping into a key resistance zone that could give the bulls second thoughts. Will we see a bearish reversal in the next few days? We’re taking a closer look at the pair’s 4-hour time frame: GBP/NZD 4-hour Forex Chart by TradingView The British pound got a lift last…
Hello Traders! In this technical blog we are going to take a look at the Elliott Wave path in C3 AI Inc. ($AI) and explain why the stock should see more downside in a Zig-Zag correction towards a Blue Box area. C3 AI Inc, founded in 2009, is an American technology company specializing in enterprise artificial intelligence….
Hello traders ! In this technical article, we’re going to take a quick look at the Elliott Wave charts of GOLD (XAUUSD ) , published in the members area of the website. As our members know, XAUUSD has been showing impulsive bullish sequences in the cycle from 2579.36. We continue to favor the long side…