Oil higher, equities lower? Sell this currency: BofA

“Avoid the temptation of trading all the time. Trade only when the market gives you opportunities.” — Richard Dennis In order to enable traders to execute the best in the market right now, we will examine the current market trend and assess the XAUUSD. As part of my mission to empower traders, I’ve created several resources…

The GBP/USD pair is on the rise for the second consecutive month, reaching the March high at 1.2817. Recently, investors were concerned about the possibility that the U.S. Federal Reserve would completely abandon monetary policy easing this year due to increased inflationary pressure in the first quarter. However, new macroeconomic data brought relief: in April,…

EUR/JPY extends its losses for the fourth successive session, trading around 182.80 during the European hours on Wednesday. The currency cross remains subdued following the release of Germany’s Retail Sales, which climbed 1.1% year-over-year (YoY) in November, following an increase of 0.9% in October. Monthly Retail Sales fell 0.6% in November, against a 0.3% decline…

Rachel Reeves will raise government spending on affordable housing by nearly double on Wednesday, providing a major boost to the housebuilding sector and bringing the government’s housing targets a step closer. The chancellor will announce nearly £40bn worth of grants to be spent over 10 years for local authorities, private developers and housing associations –…

The BBC is to call for an end to political appointments to its board as part of sweeping changes designed to protect its independence. The corporation will also demand that its royal charter be put on a permanent footing in an attempt to end the existential threat posed by having to negotiate with ministers over…