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S&P 500 broke key resistance level 4930.00 Likely to rise to resistance level 5000.00 S&P 500 index rising inside the minor impulse wave 3 which previously broke above the key resistance level 4930.00 (which stopped the previous minor impulse wave i at the end of last month). The breakout of the resistance level 4930.00 accelerated […]

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12/12/2023

Is UK Labour Market Cool Enough for BoE?

The UK labour market is cooling, showing an increase in claims from claimants. In addition, wage growth is slowing. The data provided further evidence that the UK economy has moved into a new phase of the economic cycle, although the inflation genie remains at large. In November, the number of people receiving benefits rose by […]
17/07/2024

GBP/USD Outlook: Cable Rises Above 1.3000 and Hits New 2024 High

Cable surged through psychological 1.30 barrier and hit its highest in one year on Wednesday, after hotter than expected UK June inflation data tempered expectations for first BoE rate cut in next month policy meeting. Fresh strength after a two-day pause for consolidation signals continuation of broader uptrend however, close above 1.30 level is required […]
14/06/2024

Week Ahead – RBA, SNB and BoE Next to Secide, CPI and PMI Data Also on Tap

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