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UK Economy Shrinks Less Than Expected in May, GBP/USD Breaches 1.3000
UK GDP KEY POINTS:
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UK real GDP monthly is estimated to have fallen by 0.1% in May 2023 after growth of 0.2% in April 2023. Looking more broadly at the…
Forex and Cryptocurrencies Forecast for July 17 – 21, 2023 – Analytics & Forecasts…
EUR/USD: Falling Inflation Has Crushed the Dollar ● So, we can either congratulate (or, conversely, upset) everyone with the onset of a global process of dedollarization. As Bloomberg reports, after the inflation rate in the US…
XAU/USD remains subdued around $1,960 as investors expect consecutive skip from Fed
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Gold price has remained subdued around $1,960.00 as the US Dollar Index has attempted a recovery.…
EUR/USD Breakout Gains Momentum but Fibonacci Resistance on Radar
EUR/USD OUTLOOK:EUR/USD soars nearly 2.5% this week, rising to its best levels since February 2022A dovish repricing of interest rate expectations following softer-than-expected U.S. inflation data may be responsible for recent moves in…
Launching #2 “Chart GPT” Indicator : 8 Pairs, 8 TimeFrames, 8 Shadows & Reversal…
https://www.mql5.com/en/blogs/post/753363 Complementing what we have written on the blog above, the information we will present is regarding the details of the "Chart_GPT" product, and if tested visually throughout the day. This…
Event Guide: Canada’s CPI Report (June 2023)
Canada is printing its June inflation numbers a week after the BOC updated its monetary policies!
How can the CPI release affect the Loonie’s prices?
See if you can get clues from these points:
Event in Focus:
Canada’s Consumer Price…
WTI price rejected by the 200-day SMA, still poised for weekly gains
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WTI bulls are taking profits ahead of the weekend and the price retreated near $75.50.
The price…
Dow, Nikkei 225 and CAC40 Rise after US CPI data
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nikkei 225, CAC40 Prices, Charts, and Analysis
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Dow looks to break 34,500The index rallied in…
Global Market Weekly Recap: July 10 – 14, 2023
The market spotlight was mostly on the U.S. inflation updates this week as interest rate expectations continue to strongly affect overall risk sentiment.
Confirmation that U.S. inflation rates continue to slow from high inflation levels,…
USD/JPY recovers amid improving US consumer sentiment but easing inflation caps gains
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USD/JPY recovered some ground but remained in danger of losing its early gains due to the slowing…