U.S. dollar slips amid risk-on sentiment, but set for May advance on higher rates

GBP/USD stayed in consolidations above 1.3008 last week and outlook is unchanged. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will resume the fall from 1.3787, and target 138.2% projection of 1.3787 to 1.3140 from 1.3725 at 1.2831). Nevertheless, firm break of 1.3247 will suggest that fall from…

Euronext reported a 14.2% rise in trading revenue for 2024, driven by record results in fixed income, foreign exchange (FX), and power trading, according to its full-year financial results published on Thursday. The pan-European exchange operator’s total revenue and income rose 10.3% to €1.63 billion, supported by growth in custody and settlement (+8.7%), advanced data…

NAS100 ↑ 11% MTD, recently touching ATH Tesla ↑ 5% MTD ahead of earnings on Tuesday 22nd April US-Iran two-week ceasefire deadline expires April 21 US retail sales sparked moves of ↑ 0.6% & ↓ 0.5% over past year Technical levels: 27000, 26500, 26000 The week ahead is packed with top-tier data releases, quarterly earnings…

The British pound posted losses earlier but has clawed back and is in positive territory. GBP/USD is trading at 1.2846 in the North American session, up 0.20% on the day. UK GDP rises for second straight quarter After sustaining a technical session in the second half of 2023, the UK economy is on a rebound….