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GBP/USD outlook: Sterling benefits from slightly higher than expected UK CPI
GBP/USD Cable bounces from new five-month low in early Wednesday, following higher than expected UK inflation in March, which eases pressure on BoE to start cutting interest rates as early as next month and inflates pound. Overall technical picture on daily chart is firmly bearish but oversold condi
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Why JRFX Webtrader Stands Out as the Leading CFD Platform for Online Trading
JRFX webtrader leading cfd platform online trading. In the fast-paced world of online trading, finding the right platform can make all the difference. Among the plethora of options available, JRFX Webtrader emerges as the standout choice for those looking to delve into the world of Contract for Diff
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Oil softens, base metals jump on geopolitical tensions [Video]
Risk appetite is better this Monday morning than it was last Friday when the world was bracing for the Iranian retaliation on Israel. Iran fired more than 300 drones and missiles on Israel on Saturday night, but only a small number reached Israel, limiting damages. Oil is lower but base metals inclu
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Surging inflation fears sent markets tumbling and Fed officials scrambling
The early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good. Pick your poison. Whether it's prices at the register or wholesale input costs, while inflation is off the blistering pace of 2022, it doesn't appear to be going away anytime
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Fed to start cutting rates in July – ABN Amro
Analysts at ABN Amro share an update to their Federal Reserve (Fed) policy outlook following the latest inflation data. Total of three 25bp cuts expected in 2024 "We now expect the Fed to start cutting rates in July (previously June), with a pause in September, and a total of three 25bp cuts expecte
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Fed's Barkin: Inflation data did not increase confidence disinflation is spreading
Richmond Federal Reserve Bank President Thomas Barkin said on Thursday that the latest inflation data did not increase his confidence that disinflation is spreading in the economy, per Reuters. Key takeaways "Latest inflation data looks like disinflation did at end-2023, with goods prices falling, s
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Indian Silver imports surge to record levels
Indians are known to have a love affair with gold. India ranks as the number two gold-consuming country in the world behind only China. But Indians are also pretty fond of silver. In fact, India is the world's biggest silver consumer. And Indian silver demand is surging. Silver imports skyrocketed b
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GBP/USD Continues Sideways Amid US CPI Data
#GBP/USD# The British Pound (GBP) striving to overcome the resistance level at 1.2700 against the US Dollar (USD) is a positive sign for the strength of the UK economy amidst the global business crisis. The price of the GBP/USD currency pair may continue to trade sideways, especially a
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