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Bullish viewBuy the GBP/USD pair and set a take-profit at 1.1850.Add a stop-loss at 1.1500.Timeline: 1-2 days.Bearish viewSet a sell-stop at 1.1525 and a take-profit at 1.1450.Add a stop-loss at 1.1625.The GBP/USD price continued rising as sentiment over Rishi Sunak’s government. It rose to a high o

The Canadian dollar moved sideways after the latest interest rate decision by the Bank of Canada. The bank decided to hike interest rates by 0.50%. Pushing the overnight rate to 1.50%. In addition, Tiff Macklem warned that more rate hikes were necessary to curb the soaring inflation. This was more h

Welcome to moody Monday, with stocks wobbling and oil prices getting hit hard after a batch of downbeat data from China, alongside a surprise rate cut. Some say that the global growth engine’s economic issues belong in a different box from the rest of the world, owing to Cihna’s self-imposed slowdow

West Virginia Senator Joe Manchin recently dealt a blow to the Biden administration with regard to its environmental, aka green agenda, when the Senator said he would vote no on the President's $1.9 trillion Build Back Better initiative. The legislation included items that would shift the US from fo

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you sho

On February 24, when Russian forces launched a war on neighbour Ukraine, it actually escalated an eight-year stalemate that commenced with Russia reclaiming the Crimean Peninsula in March 2014 to undo what it describes as a Soviet-era in justice. As news of the Russian move trickled in, stock market

Several key factors can move the Forex market. These factors put together make up what we call fundamental analysis. Understanding the impact of these essential factors helps traders decide which positions to take in the markets for their chosen pair. Therefore, every trader must study these factors

Indian shares are likely to open on a tepid note Friday, mirroring weak global cues amid concerns over the Federal Reserve's continued policy tightening and rising COVID cases in China. A new analysis revealed that China is likely experiencing 1 million COVID infections and 5,000 virus deaths every

The Grinch selloff is firmly in place after Micron delivered a gloomy outlook and as better-than-expected US economic data supported the Fed’s case for more ongoing rate increases. Global coordinated central bank tightening has yet to fully impact most of the economic readings for the major economie

Asia Market Update: Markets generally pare gains during the final trading session of 2022; JGB yields drop, more BOJ emergency bond purchases seen. General trend - USD/JPY extends decline. - China official PMI data is due on Saturday [post US close]. Headlines/economic data Australia/New Zealand - A

France's producer price inflation eased further in November, though it remained strong overall amid still higher costs for coke and refined petroleum products, data from the statistical office Insee showed on Friday. Industrial producer price inflation in the home market dropped to 21.5 percent in N

LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards weighs on activity. In its 2023 macro outlook, Goldman Sachs forecast a 1.2% contraction in the U.K. real GDP over the course of this year, well b

Stocks are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and port

Asia Market Update: Equities decline; Focal points include higher bond yields and corporate earnings; BOJ stepped up bond purchases. General trend - Commodity currencies lag amid equity declines and AU jobs data. - Quiet session seen for USD/JPY. - Hang Seng hit 2009 lows. - Tencent traded at 52-wee