Latest Market News

BOC Hikes Again The Bank of Canada yesterday caught markets somewhat off-guard as it announced a fresh rate hike, the first since pausing its tightening campaign in January. The BOC hiked rates from 4.5% to 4.75%, their highest level in 22 years, and signalled the likely need for further hikes moving forward. Ahead of the […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is testing the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.2410 is expected, followed by a rise to 1.2620. An additional signal confirming the rise will be […]

The Australian dollar, in the pair with the US dollar, remains in an uptrend. The current AUDUSD quote is at 0.6672. At the same time, the news from the Australian side is not cheerful at all. The country’s GDP grew by 0.2% quarter-on-quarter in Q1 2023. This is the weakest quarterly growth since September 2021. […]

OECD Raises UK Growth Forecasts… Slightly The latest set of forecasts from the OECD makes pretty dim reading for the UK. The economy is set to suffer the second-worst performance of the G7 this year, underperformed only by Germany which already fell into recession earlier in the year. Overall, the UK is pegged to record […]

Apple Pulls Back From Fresh Highs Shares in Apple are trading lower pre-market following a heavy reversal yesterday. The stock hit fresh all-time highs yesterday before profit taking kicked in and saw the stock falling back below the prior 182 high-watermark. Apple stock has seen a mammoth run so far this year, rallying almost 50% […]

The British pound sterling has reversed down against the US dollar. The current GBPUSD quote is 1.2409. Fresh statistics from Halifax show that property prices in the UK have fallen for the first time since 2012. According to the May data, average real estate prices have dropped by 1.0% y/y. The decrease in housing prices […]