Pound Sterling Strengthens Amid Steady UK PMI Growth and Fed-BoE Policy Focus
The Pound Sterling (GBP) climbed to near 1.2670 against the US Dollar (USD) during Monday’s session, driven by…
Read MoreGold: What does the rejection near $2,720 signal?
Gold falls below $2,700 after double top. Maintains neutrality within $2,540-$2,720. Gold came under renewed selling pressure after the…
Read MoreUK Preliminary Services PMI Rises to 51.4 in December, Beating Expectations
In December, the UK Services PMI rose to 51.4, surpassing the market forecast of 51.0. However, the UK…
Read MoreAustrian Economy Struggles to Recover
Austria's economy remains weak, continuing its contraction from 2023 into 2024, marking a second consecutive year of recession.…
Read MoreEUR/USD: Germany’s Turn to Vote – OCBC
Chancellor Scholz called for a vote of confidence on Wednesday, and the Bundestag is set to vote later…
Read MoreMorning Briefing: EUR Can Test 1.0550-1.0600
Dollar Index: The Dollar Index failed to hold above 107 and has since dropped below that level. The…
Read MoreLagarde Speech: ECB Prepared to Cut Rates Further If Disinflation Continues
On Monday, European Central Bank (ECB) President Christine Lagarde spoke at the Annual Economics Conference titled “Pillars of…
Read MoreNZD/USD Holding Positive Ground Above 0.5750 After Mixed Chinese Data
The NZD/USD pair is trading around 0.5775 during Monday’s Asian session, gaining 0.30% on the day and snapping…
Read MoreEUR/GBP Consolidates Above 0.8300 Ahead of PMI Data
The EUR/GBP pair is holding steady above 0.8300 as traders await Purchasing Managers Index (PMI) figures from both…
Read MoreEUR/USD Outlook: Stability Prevails Ahead of Fed Meeting
The EUR/USD pair remains stable around the 1.05 level as market participants exercise caution, avoiding significant moves ahead…
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