GBP/USD Price Analysis: Sellers attack 1.3820 support confluence with eyes on early February low GBP/USD bounces off intraday low, stays depressed, while picking up the bids to 1.3842, down 0.23% on a day, amid an initial Asian session on Monday. In doing so, the cable extends last week’s pullback from the 1.4000 threshold amid bearish
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What you need to know on Monday, March 22: The American dollar finished the week with modest gains against most major rivals, up on Friday amid persistent yields’ strength. The yield on the benchmark 10-year Treasury note settled at 1.73%, near the multi-month peak of 1.75% achieved earlier in the week. The EUR/USD pair hovers
Turkish lira looks set to depreciate after Erdogan fires the central bank chief. USD/TRY rose sharply last week after CBRT rate hikes that will probably be reversed now. The USD/TRY finished last week at 7.19, and now it looks likely to open with a sharp upside gap following Tukey’s President Erdogan decision to fire the
Inflation concerns are likely to keep investors’ focus for the week ahead. Equities stage a modest recovery on Friday after Thursday’s thrashing. Fed Chair Jerome Powell on the wires throughout next week. Equity markets are finishing out the week with mixed feelings after a solid thrashing on Thursday. This led to some profit-taking ahead of
Growth stocks outperformed value stocks on the final trading day of the week. The Nasdaq 100 gained and Dow dropped while the S&P 500 was caught in the middle and flat. The Fed hurt financials by announcing there will be no extension to SLR relief at the end of the month. It was a mixed
USD/RUB drops and rebounds from the 73.70 region. The CBR hiked the key interest rate by 25 bps to 4.50%. Focus is now on the press conference by Governor E.Nabiullina. The Russian ruble reclaims some ground lost in past sessions and drags USD/RUB to the 74.00 region on Friday. USD/RUB now looks to CBR After
AUD/USD refreshes intraday low, drops for consecutive second day. Australia’s preliminary Retail Sales dropped 1.1% in February. Market sentiment consolidates ahead of BOJ, US-China jitters probe the optimists. Treasury yields step back from 14-month top, S&P 500 Futures print mild gains. AUD/USD stands on a slippery ground while refreshing the intraday low with 0.7740, down