It has been a volatile day for the pound. GBP/USD started the day with losses but has reversed directions and posted strong gains in the North American session. GBP/USD is trading at 1.0799, up 0.61%.
The new Truss government has started off on the left foot, sending the pound to a record low in the process. The trouble began on Friday, as Chancellor Kwarteng's...
Natural gas trading volume is huge and it has been a very volatile market, price has printed a new HH but now it looks like the uptrend is exhausted after forming this H&S pattern.
After Nord stream's maintenance success, we expect $NG to retest $8 level.
The euro is in positive territory at the start of the week. In the North American session, EUR/USD is trading at 1.0245, up 0.30%.
The US dollar lost some of its lustre last week and the euro took advantage. EUR/USD posted its first winning week in a month and pulled some distance away from the parity line.
The euro has posted gains today but there was some...
The euro has reversed directions today and fallen below the 1.02 line. In the European session, EUR/USD is trading at 1.0188, down 0.42%.
The markets were glued to the ECB meeting on Thursday, uncertain as to whether the rate lift-off would be a 25bp or 50bp hike. In the end, Lagarde & Co. went hawkish, delivering a 50bp increase. This was somewhat of a surprise,...
For those following the euro's close encounters with parity, the currency played a game of tease earlier today. In the European session, EUR/USD dropped to parity with the US dollar, a line of psychological importance. However, the euro would not budge any lower, and is currently at 1.0068 in the North American session, up 0.28% today. I would not be surprised if...
