European stock markets rose on Wednesday, recovering from a drop the day before. The FTSE 100 index went up slightly, but the UK market performed especially well, rising 0.8% after a surprise drop in inflation made investors hopeful for an interest rate cut soon. Banks were the top performers, reaching their highest value levels since…
A week ago, we:→ updated a system of two trend channels;→ identified signs of selling pressure dominance;→ outlined a scenario in which price could slide towards the lower boundary of the blue channel, potentially acting as key support. As the arrow on the chart shows, this scenario largely played out: → The US dollar index…
Dollar rebounds from multi-month lows’ sterling slumps after soft inflation data Source link
Perhaps It Is Time to Look at UK Equities Again If you have been following this column since it started earlier this year, you will have noticed our coverage of various initiatives to boost UK equity investment. Both the UK government and the financial regulator have put forward various proposals to encourage more people to…
Indices dropped as two rounds of job data showed a slowdown in the economy. With this week’s inflation data still to come, will we see another sell-off in the market? TimestampsDOW 00:25SPX500 01:40 Test your trading strategy on forex and stocks with Orbex OPEN LIVE ACCOUNT …
Gold price remains supported above $4,300 level, looking to close the year with more than 60% annual gains. The mixed US NFP data weighed on the dollar, supporting gold. Central bank demand and a dovish Fed pose a long-term bullish narrative for gold. The gold price maintains a positive momentum above the $4,300 level, near…
Daily Pivots: (S1) 206.94; (P) 207.47; (R1) 208.16; More… GBP/JPY is still extending the consolidations from 208.92 and intraday bias remains neutral. Further rally is expected as long as 205.17 support holds. On the upside, break of 208.92 will resume larger up trend and target 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98…
On Tuesday, 16 December 2025, Tesla shares closed at a new all-time high, breaking above the $488 level. As a result, TSLA:→ surpassed its December 2024 peak;→ is up by roughly 125% from this year’s lows;→ made Elon Musk the first person in the world whose net worth has exceeded $600 billion. Why are TSLA…
The US jobs report for November, released yesterday, reinforced the downward momentum in the dollar. The Department of Labor reported that non-farm payrolls rose by just 64,000, only slightly above analysts’ expectations and signalling a fragile recovery in the labour market. At the same time, the unemployment rate climbed to 4.6%, exceeding both forecasts and…
GBP/USD started a fresh increase above 1.3350 and 1.3400. USD/CAD declined and is now consolidating losses below 1.3800. Important Takeaways for GBP/USD and USD/CAD Analysis Today · The British Pound is eyeing more gains above 1.3430. · There is a key bullish trend line forming with support at 1.3390 on the hourly chart of GBP/USD…