Blogs

The Euro-Zone economy contracted at a sharper rate than expected data showed, ramping up the pressure on ECB President Christine Lagarde to act further at today’s ECB policy announcement.

The recent modest climbs in GBP/USD and London’s FTSE 100 index show no sign yet of reversing as hopes rise of a drug that might help speed recovery from Covid-19.

The gold price slipped in Asia as investors looked with renewed expectation to treatments under test in the United States. Haven assets remain supported by the prognosis that rates will remain low,…

The Pound Sterling was relatively flat during the London trading session and is being driven primarily by global risk appetite.

The dollar did not receive any support from the results of the recent important US economic data, nor from the Federal Reserve announcing its monetary policy and the statements of its Governor, Jerome Powell.

After three consecutive trading sessions in which gold prices was corrected downward to $1692 an ounce.

For the seventh straight day, GBP/USD is attempting an upward correction, but gains stopped around 1.2517 before settling around 1.2471 at the time of writing.

The EUR/USD pair is trying to show cohesion ahead of the important announcement today by the European Central Bank led by Christine Lagarde to update its monetary policy.

The US dollar fell during the trading session on Wednesday, but as you can see struggles to maintain any type of serious trend.

The S&P 500 closed right at the 200 day EMA and the top of the gap that I have been talking about for some time.