Browning
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Pound Sterling faces pressure on firm BoE rate cut bets
The Pound Sterling falls to 1.2600 against the US Dollar as investors wait for US core PCE inflation data for February. The Fed’s preferred inflation gauge could give clues over when the Fed may begin the rate-cut cycle. UK’s soft inflation data for February has lifted expectations for BoE rate cuts
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Japan’s Top FX Diplomat Kanda: No plan to issue statement on forex today
Japan's top currency diplomat Masato Kanda said on Wednesday that the government has “no plan to issue statement on forex today.” He add that there is “no need to hold three-party talks of government, the Bank of Japan (BoJ) and Financial Services Agency (FSA) on forex.” Share: Feed news
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DAX Holds Steady As Consumer Confidence Improves
German stocks held steady on Tuesday after a survey showed German consumer confidence is set to improve in April. The forward-looking consumer confidence index rose to -27.4 in April from revised -28.8 in March, according to a survey conducted by the market research group GfK and the Nuremberg Insti
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EURUSD H4 25 March 2024
#EUR/USD# EUR/USD, H4 25 March 2024 The EUR/USD pair is currently facing significant downward pressure, trading close to its key psychological support level at around 1.0800. This pressure comes amid signs of easing inflation within the Eurozone, prompting market speculation about a po
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German Ifo Business Confidence Improves In March
German business confidence improved in March, reports said citing survey results from the ifo Institute on Friday. The business sentiment index rose more-than-expected to 87.8 in March. The score was forecast to climb to 86.0 from February's initially estimated value of 85.5. Assessment of current s
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Oil Elliott Wave technical forecast [Video]
WTI Elliott Wave analysis Function - Counter-trend. Mode - Corrective. Structure - Zigzag. Position - Wave (b) of ‘y’. Direction - Wave (c) of ‘y’. Details - A pullback for (b) is now close to the 80 major level. A rebound is expected from the marked zone (80-78.8) for wave (c) toward 83. Since Dece
Pull-up Update