Gwendolyn
He liked
EUR/USD recovers after early sell-off on reports of Israeli attack on Iran
EUR/USD has recovered after an early sell-off due to news of an escalation in the conflict in the Middle East. Israel purportedly launched drones at Iran in retaliation for its April 13 attack. EUR/USD is consolidating in a downtrend. EUR/USD is trading in the lower 1.0600s at the time of writing, a
He liked
Pound Sterling finds support, though risk-off mood keeps downside bias intact
The Pound Sterling finds cushion near 1.2400 after mixed UK Retail Sales data for March. Geopolitical fears and a strong outlook for the US Dollar support the downside in the GBP/USD pair. Fed's Bostic said he is comfortable with interest rates remaining high. The Pound Sterling (GBP) finds a tempor
He liked
He liked
BoE's Greene: Worried about what energy price shock might do to inflation expectations
"Achieving inflation target has been a bumpy ride, it was always going to be and that last mile is the hardest work,"Bank of England (BoE) Monetary Policy Committee (MPC) member Megan Greene said on Wednesday. "We're closer to target than we were just a few months ago, so the news has been encouragi
He liked
DAX Rebounds After Tuesday's Selloff
German stocks were moving higher on Wednesday after suffering heavy losses in the previous session on concerns over heightened geopolitical tensions in the Middle East and uncertainty over the Federal Reserve's rate trajectory. The benchmark DAX was up 84 points, or half a percent, at 17,850 after l
He liked
Friday's Silver selloff may have actually been great news for silver bulls!
Silver endured a significant selloff last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls. The spot price of silver fell from just over $29.60 per ounce to just under $27 before
He liked
He liked
He liked
He liked
Breaking: China’s GDP expands 5.3% YoY in Q1 2024 vs. 5.0% expected
China’s economy expanded 5.3% over the year in the first quarter of 2024, as against a 5.2%% growth in the final quarter of 2023, the official data released by the National Bureau of Statistics (NBS) showed on Tuesday. The market consensus was 5.0% in the reported period. On a quarterly basis, Chine
He liked
GBP/USD Price Analysis: Pound, rejected at 1.2500 pulls back to retest support area at 1.2430
Pound’s failure to break resistance at 1.2500 leaves bears in control. Strong US retail sales figures have pushed the pair back to the bottom of the monthly channel, at 1.2440. Below 2.1430, the next support levels are 1.2370 and 1.2220. Sterling’s recovery attempts have failed to find a significant
He liked
ECB's Lane: Wage pressures are gradually moderating but remain elevated
"There has been much less progress in relation to domestic inflation compared to broader inflation measures," European Central Bank (ECB) chief economist Philip Lane said, per Reuters. Key takeaways "Even if the near-term inflation outlook is somewhat bumpy, the projected convergence of inflation to
He liked
Pull-up Update