NEW YORK, Sept.
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By RoboForex Analytical Department The latest UK GDP data showed annualised growth of 1.3%, in line with market expectations and slightly below the previous reading of 1.4%. The report had a broadly neutral impact on sterling, as it confirms the UK economy continues to expand, albeit at a moderate pace, without signs of acceleration. For…
Daily Pivots: (S1) 1.1561; (P) 1.1642; (R1) 1.1721; More… A temporary low is formed at 1.1561 and intraday bias is turned neutral. Risk will stay mildly on the downside as long as 1.1829 resistance holds. Fall from there correcting the rise from 1.1829 or whole rally from 1.0176. Below 1.1561 will target 55 D EMA…
Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a…
The UK economy showed little to no growth in July, leading to growing concerns about its future direction. After a challenging first half of the year, the latest data reveals that the country’s economy remains stagnant. Despite hopes for a rebound, the numbers paint a less optimistic picture. GDP growth, which is a key indicator…
The RSI (Relative Strength Index) is a widely used momentum oscillator that measures the strength of price movements. It oscillates between 0 and 100, with readings above 70 generally indicating overbought conditions (where prices might be due for a pullback), and readings below 30 suggesting oversold territories (where a potential price rebound could be imminent)….
Prediction markets have spent the past two years trying to prove they belong. This week, the establishment responded. The developments were more than symbolic: investment, integration, lawsuits, enforcement actions, academic scrutiny, and even the first serious attempts to wrap event contracts inside ETFs. Once tolerated as an experiment at the edge of crypto and betting…