GBP/USD in a Strong Position: Sterling Rallies on Trade News and Robust Data

EURJPY reversed from key resistance level 164.40  Likely to fall to support level 162.00 EURJPY currency pair recently reversed down after the price failed to hold the ground above the key resistance level 164.40 (which stopped the sharp uptrend in last November), standing close to the upper daily Bollinger Band. The downward reversal from the […]

US Consumer Price Index – CPI The US Consumer Price Index CPI Y/Y overall trend has been steadily declining after reaching its peak of 9.06% in June 2022. A drop in all CPI components, including Energy, Food, and Durable Goods Prices, mainly drove the decline. However, the decline stalled during the last quarter of 2023, […]

The Swiss Franc faces challenges as the Swiss National Bank (SNB) is now expected to cut interest rates by 50 basis points after recent inflation data showed continued weakness. In November, Swiss inflation remained flat at -0.1% month-on-month, the same as in October, while the annual rate rose slightly to 0.7%, still below expectations of […]