GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is pushing off the Tenkan-Sen line. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Kijun-Sen line at 1.2325 is expected, followed by a decline to 1.2085. An additional signal confirming the decline will be a rebound from the upper […]
Oil Turning Higher Again Following a brief correction lower from YTD highs, crude oil prices are turning higher again into the end of the week. The move comes on the back of the news that Russia has announced restrictions on the export of diesel and gasoline. The ban on exports takes another 3.4% off the […]
BOE Catches Market Off-Guard GBP continues to trade sharply lower on Friday following the latest BOE rate decision. The bank opted to keep rates on hold yesterday, pausing a 15-month tightening cycle and catching the market slightly off guard. Traders had been expecting one further hike yesterday. However, in response to the steady decline in […]
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