McCarthy
He liked
He liked
GBP/USD eyes retail sales
The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%. Will UK retail sales improve? The UK release retail sales for March on Friday. The market forecast for March is 0.7% y/y after a decline of 0.4
He liked
US will impose new sanctions targeting Iran's missile and drone program
National Security Advisor Jake Sullivan said in a statement late Tuesday that new sanctions targeting Iran and sanctions against entities supporting the Islamic Revolutionary Guard Corps and Iran's Defense Ministry will be imposed in the coming days. It is expected that US allies and partners will s
He liked
He liked
He liked
NZD hits five-month low against strong US Dollar
The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024. The prevailing exp
He liked
WTI oscillates in range around $85.00 mark despite worsening Middle East crisis
WTI kicks off the new week on a subdued note and reacts little to Iran’s attack on Israel. Worries about cooling fuel demand turn out to be a key factor capping the black liquid. The risk of a further escalation of tensions in the Middle East to help limit the downside. West Texas Intermediate (WTI)
He liked
Week ahead: Data from the US, UK and Canada in focus
It was quite the week! Top of the bill last week, of course, was the stronger-than-expected US CPI inflation print, which, immediately following the release, underpinned the dollar and US Treasury yields, as well as pushed spot gold (XAU/USD) and US equity index futures southbound. Interestingly, a
He liked
He liked
UK economy posts 0.1% growth in February in further sign of recession rebound
LONDON — U.K. gross domestic product rose 0.1% in February, the Office for National Statistics said on Friday, providing another sign of a return to sluggish economic growth this year. The month-on-month figure was in line with a projection in a Reuters poll. On an annual basis, GDP was 0.2% lower.
He liked
XAUUSD : Is gold likely to decline after CPI data?
#XAU/USD# Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of U
He liked
He liked
He liked
Pull-up Update