Latest Market News

The British pound against the US dollar is aiming up high. The current quote is 1.1910. Sky-rocketing of British inflation and verbal interventions of the Bank of England have given the pound a foothold for growth. No one knows whether for long or not, yet for now the GBP is growing. The British CPI in […]

The market major on Thursday starts growing again. The current quote is 1.0390. The evening statistics from the US turned out mixed. Retail sales volume in October grew by 1.3% m/m, while the forecast had been 0.9%. The growth amounted to 8.3% y/y. Industrial production in the US in October dropped by 0.1% m/m upon […]

Biden Offers Reassurance Over China Perhaps the key takeaway from the G20 meetings so far has been the subtle scaling back of tensions between the US and China. Given the geopolitical tensions linked to the Russia-Ukraine conflict as well as the situation between China and Taiwan, this development has come at a good time and […]

The October US retail sales report beat expectations, monthly growth in nominal terms amounted to 1.3% against 1% forecast. Excluding volatile components (fuel, cars), growth amounted to 0.9% against 0.2% forecast. The dollar rallied on the news, but trimmed down gains later, as markets apparently priced in a recovery in risk appetite on a favorable […]

Forex Trading Tips For Beginners For beginner traders, the Forex industry can seem challenging and can be difficult to know where to start. If you are new to Forex trading then you should keep things easy. Here are some Forex Trading tips that every trader should keep in mind before start trading. #1 Education First […]

EURUSD, “Euro vs US Dollar” The currency pair continues developing a consolidation range around 1.0357. The main scenario suggests an escape from the range downwards to 1.0280. And with a breakaway of this level a pathway to 1.0175 will open. The goal is local. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair continues […]