Blogs

<p>Yesterday, the GBP/USD exchange rate consolidated at the 1.2550 level. During Thursday morning, the rate maintained its consolidation. It is likely that some downside potential could prevail in the market, as the currency pair could be pushed down by the 55– and 100-hour SMAs near 1.2600. Note that the nearest support, formed by the Fibo [

The Bank of Canada (BoC) expects the economic recovery to occur in two phases, BoC Deputy Governor Lawrence Schembri said on Thursday. "Reopening phas

The common currency is going through a steady decline after being rejected at 1.1260 area earlier today, to test levels below 1.1200 for the first ti

On Thursday, the Bank of England announced it kept interest rate unchanged at 0.1% and a 100 billion pound increase in the purchase program (QE), in l

OPEC and its allies, a group known as OPEC+, has not discussed output plans for August, Russian energy minister Alexander Novak said after the OPEC+ J

The USD/MXN pair jumped on Thursday from 22.25 to 22.74, reaching the highest level since Monday. The rally eased slightly below the weekly top. As of

Gold futures spiked up at the European session opening on Thursday but the upside attempt has lacked follow through and the pair retreated after hitt

GBP/USD spiked higher in an initial reaction after the BoE announced another GBP 100bln in QE but once the dust settled the price shot lower to break

The Bank of England has maintained its Bank rate unchanged at 0.1% and has announced an increase in the target of asset purchases, however, the Global

The AUD/USD pair came under pressure during the Asian trading hours after gloomy labour market data from Australia and dropped below 0.6840. Although