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GBPUSD reversed from strong support level 1.2665  Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April. The upward reversal from the […]

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12/12/2023

Sunset Market Commentary

Markets UK labour data published this morning served as a starter before for the release the US CPI this afternoon. The data came out on the soft side of expectations. November payrolled employees declined 13k from a gain of 39k in October (and 5k expected). The series is on a downtrend, but proved quite volatile […]
24/05/2024

Canadian GDP Per Capita Likely Shrunk for Seventh Consecutive Quarter in Q1

The Canadian economy likely grew more quickly in Q1 2024 based on headline figures, but it was not fast enough yet again to keep up with surging population growth. That means gross domestic product on a per-person basis contracted for a seventh consecutive quarter. We look for an annualized 2.5% increase in Q1 GDP from […]
22/07/2024

NZD/USD Faces Downward Pressure Amid US Political Developments and RBNZ Rate Speculations

The NZD/USD pair is experiencing a significant downturn, trading around 0.5996. Several factors influence this decline, including global political developments and domestic monetary policy expectations. The recent announcement by US President Joe Biden that he will not seek re-election in 2024 has unexpectedly bolstered the US dollar. Biden’s endorsement of Vice President Kamala Harris as […]