Moses

The GBP/USD currency pair is exhibiting a clear bearish trend, signaling significant downward momentum. Recently, the pair experienced a notable break below the 4-hour resistance level of 1.24846, indicating a strong shift in market sentiment. Following this move, GBP/USD is attempting

USD/CHF faces pressure above 0.9100 as US Dollar drops after weak S&P Global PMI data for April. The preliminary Manufacturing PMI falls below the 50.0 threshold. The Fed advocates for keeping interest rates at their current levels longer. The USD/CHF pair faces a sell-off above the round-level

Stocks started the week with a BANG! 40% of the S&P to report this week. All Eyes on TECH – Can they deliver? Oil & Gold Retreat as Tensions Ease. Try the Sweet and Sour Chicken. Stocks had been under pressure for 6 days, tech names and smids taking it on the chin as investors finally accept

AUD/USD climbs over 0.54%, reaching 0.6449, buoyed by gains in Wall Street and a flat US Dollar. Australian manufacturing activity nears expansion with April's Judo Bank Manufacturing PMI rising to 49.9. Busy week ahead for US economic data, including PMIs and GDP, expected to influence AUD/USD dire

Indonesia's foreign trade surplus increased in March from a year ago as imports fell much faster than exports, figures from Statistics Indonesia showed on Monday. The trade surplus rose to $4.47 billion in March from $2.83 billion in the same month last year. In February, the surplus was $0.83 billi

Americans throw away millions of dollars in coins every year. That's because American money is junk. But that wasn’t always the case. In an article published by the Wall Street Journal, Reworld, a Pennsylvania waste management facility, claimed that Americans toss about $68 million worth of coins ev

Analysts at Rabobank share a brief outlook for the USD/JPY pair. BoJ may be able to hike rates again later this year "Current USD strength is built around the expectation that Fed rates will stay stronger for longer. The greenback has also likely been boosted by safe-haven demand stemming from fears

The British pound sterling is showing signs of recovery, bouncing back from a five-month low, with GBP/USD stabilising around the 1.2470 mark on Thursday. This rebound is attributed to the release of UK inflation data, suggesting a possible monetary policy easing by the Bank of England (BoE). The UK

UK inflation brings both optimism and caution. IMF growth projections highlight protracted wait for US cuts. US Dollar on the rise as inflation concerns persist. European markets have enjoyed a welcome reprieve from the selling pressure that has dominated much of the week, with mainland indices lead

In what could be described as a see-saw session, investors were pulled in different directions by a mix of decent earnings reports, ongoing geopolitical tensions, and a reaffirmation of “ higher for longer.” The S&P 500 wavered on Tuesday following Federal Reserve Chair Jerome Powell's remarks i

Analysts at TD Securities expect the Consumer Price Index in Canada to rise 3% in March. "We look for headline CPI to bounce 0.2pp higher to 3.0% y/y in March as prices rise by 0.7% m/m (market: 0.7% m/m, 2.9% y/y), underpinned by another large increase for the energy component alongside a partial r