Key Highlights GBP/USD started a downside correction from the 1.3000 resistance zone. It traded below a connecting bullish trend line with support at 1.2960 on the 4-hour chart. EUR/USD dipped below the 1.0850 and 1.0800 support levels. The US GDP could grow 2.3% in Q4 2024. GBP/USD Technical Analysis The British Pound struggled to continue […]
Markets The UK Office for National Statistics published September labour market data this morning. They continue to struggle with mixed results coming from estimates for payrolled employees and estimates based on the labour force survey. Payrolled employees fell by 9k over the period comparable with the LFS estimates (July-September) which showed a 220k increase in […]
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Sell Gold broke daily up channel Likely to fall to support level 3000.00 Gold recently reversed down from the resistance level 3150.00 (which formed the daily Bearish Engulfing) and broke the sharp daily up channel from February. The breakout of this up channel added to the bearish pressure on Gold – accelerating the […]