GBP/USD Hovers Near Lows as Bank of England Decision Looms

AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large bearish candle (the first week in red after five consecutive weeks of […]

Market picture The crypto market capitalisation fell by 0.8% in 24 hours to $2.11 trillion. An attempt to strengthen the market’s offensive on news about inflation in the US attracted new sellers, which this time can easily be linked to the similar dynamics of the Nasdaq index, with which crypto has the closest correlation. At […]

The week ahead is a busy one on the data calendar with the release of Canada’s gross domestic product for May and the U.S. Federal Reserve’s decision on interest rates on Wednesday, followed by U.S. payroll employment data on Friday. Canadian GDP data should continue to point to a weakening economy in Q2. We expect […]