Joshua

GBPUSD has rallied on expectations that the UK’s fiscal plans will be more credible and the dollar will be softer. However, ING economists they expect the pair to revert downwards to the 1.10 zone. The British economy will contract every quarter in 2023 “We doubt that 2023 will be the year of a benign dollar […]

EURJPY erases part of Wednesday’s rise and falls from 145.00. The three-month support line near 141.00 contains pullbacks. On Thursday, the EURJPY comes under pressure shortly after breaching the key 145.00 barrier. If the corrective bounce gathers strength, the cross should face initial resistance at the November high of 147.11 (9 Nov). Breaking above this […]

The UK Chancellor of Finance, jeremy hunt, presents the autumn budget to Parliament, which took on greater importance after the economic and political events in September and October. Hunt said the plan will address the rising cost of living crisis and rebuild the economy. “We will make tough decisions to tackle inflation,” he said. About […]

Wall Street futures in the red, those of the Nasdaq lose more than 1%. The dollar gains momentum on Thursday and recovers ground. Oil and metals fall away from recent highs. Markets are trading mostly in the red on Thursday, in a generally corrective day. The dollar gains momentum, while raw materials fall. Stock indices […]

Metals receding before the dollar rises throughout the market. Gold pulls away from recent highs above $1,780 and tests $1,760. Wall Street futures in the red, general correction in progress. The Prayed it is falling for the second day in a row, and is away from the three-month high it hit on Tuesday at $1,786. […]

USDCAD gains ground for the second day in a row and is supported by a combination of factors. Weakening oil prices are weighing on the CAD and acting as a tailwind for the pair amid a rebound in dollar demand. Traders now await the US macroeconomic releases and Fed statements for further impetus. The pair […]

EURUSD has held below the 200-day moving average at 1.0419 after the ECB reported yesterday that could reduce the pace to 50 basis points in December. Therefore, Société Générale economists report that the path to a higher Euro could be blocked. Core inflation will probably recede before mid-2023 “The probability of a drop to 50 […]

GBPUSD is coming under some selling pressure amid a modest rebound in demand for the dollar. The rally in US bond yields and cautious markets benefit the dollar. The decline looks limited as traders look forward to the UK government’s financial plan. The pair GBPUSD pulls back sharply from the daily high of 1.1958 and […]

The dollar picks up pace throughout the market in the run-up to the American session. EURUSD falls back after failing to hold above 1.0400. Ahead: US jobless claims data. The EURUSD was trading above 1.0400 at the start of the European session, but then lost strength and recently marked intraday lows at 1.0334. The bias […]

Chancellor Jeremy Hunt will come under special scrutiny when he delivers his statement to the House of Commons today. Although the autumn statement could restore confidence in the markets, the negative arguments for the GBP remain validreport Commerzbank economists. Hunt’s room to address the impending recession with fiscal measures is very limited “Hunt will have […]