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Last week, the Bank of England (BoE) cut interest rates by 25 basis points, causing the GBP/USD to initially drop to around 1.27. However, following unexpectedly weak US non-farm payroll data, the pair rebounded, closing at 1.2801 on Friday. Economic Indicators Support Sterling The UK’s economic data paints a positive picture: July’s manufacturing PMI final…
2026.01.23 2026.01.23 XAU/USD: Elliott Wave Analysis and Forecast for 23.01.26–30.01.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider long positions from corrections above the level of 4,517.65 with a target of 5,100.00–5,500.00. A buy signal: the price holds above 4,517.65. Stop Loss: below 4,517.65, Take Profit: 5,100.00–5,500.00. Alternative scenario: Breakout…
Photo credit: Yang Rongfeng SYDNEY, Jan. 10, 2025 (GLOBE NEWSWIRE) — Yang Rongfeng has chosen Australia as the launchpad for his latest groundbreaking initiative, revolutionising the country’s construction industry through modular housing solutions. With the establishment of his new Australian-based startup, Hampton Accelerate, Yang is taking bold steps to address the nation’s housing crisis. This…
Prior -14.9 Economic confidence 96.8 vs 96.0 expected Prior 95.5; revised to 95.6 Services confidence 4.0 vs 3.8 expected Prior 3.6; revised to 3.7 Industrial confidence -8.2 vs -10.0 expected Prior -10.3; revised to -10.1 This article was written by Justin Low at investinglive.com. Source link
The Labour chair has given Nigel Farage 24 hours to report to security services the claim that his phone was hacked by Russia-linked actors or the party will do it for him. In a letter to the Reform UK leader, Anna Turley said it was “in the public and national interest” to ensure that a…
As the chart shows, the exchange rate rose above ¥185.00 per euro for the first time ever earlier this week. Today, however, a modest pullback is visible, with the Japanese yen strengthening against the euro. Fundamentally, this move has been supported by a combination of factors, most notably news from Japan. According to media reports,…