Latest Market News

GBP Weakening  GBP looks to be under pressure at the start of the week following on from the selling we saw last week. Despite the NIESR reporting that it no longer expects the UK to suffer a recession this year, the economy (seen flat in Q4) is still reeling from the ongoing political uncertainty and […]

The US dollar in the pair with the Japanese yen found a foothold. The current quote is 132.00. The wave of growth that started in the USD some time ago made the yen go down. Moreover, the market argument that the US Federal Reserve System would go on lifting the interest rate also pressed down […]

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes have broken through the 200-day Moving Average and are now above it, which reveals possible development of an uptrend. The RSI has bounced off the support line. An upward breakaway of 7/8 (0.7019) should be expected, followed by growth of the resistance level of 8/8 […]

US Inflation in Focus Today Today’s US inflation reading couldn’t have more meaning attached to it. We’ve seen a seismic shift in market sentiment on the back of the surprisingly strong US labour reports for January. With the NFP coming in almost 300% above forecasts alongside the unemployment rate dropping to its lowest levels since […]

The January US CPI report was yet another signal that the US economic expansion could  experience a surprising reacceleration in January and that the path of consumer inflation towards the target level of 2% will be not so predictable. It was naive to think that after the 500K jobs added in January, considering the relationship […]

EURUSD, “Euro vs US Dollar” On H4, at the support level, the pair has formed a Hammer reversal pattern. The instrument is now going by the signal in an ascending wave. The goal of the growth might be 1.0800. However, the price may pull back to 1.0665, bounce off it and continue the uptrend after […]