Brent Crude (BZ) Oil Signals Bottom, Advances Higher

We are forcefully entering a period of ‘bad news is good news’ as the Federal Reserve (Fed) moves toward its first rate cut. We don’t know when the Fed will cut the rates – the Fed members themselves can’t tell you that without more evidence of slowing economy and easing inflation as printed by yesterday’s […]

Key Highlights GBP/USD started a fresh increase above the 1.2500 resistance. A key bullish trend line is forming with support at 1.2400 on the 4-hour chart. EUR/USD is struggling to clear the 1.0520 resistance zone. Crude Oil prices remained in a bearish zone below the $72.20 level. GBP/USD Technical Analysis The British Pound formed a […]

Bank of England to retain the same policy stance Q2 data could be more valuable for next decision making What happened last time In its February policy meeting, the Bank of England (BoE) emulated the Federal Reserve by exploring rate cuts, ultimately deciding to maintain interest rates at 5.25%, their highest level in 16 years, […]