USD/JPY Collapses to a 6-month Low: Safe-Haven Assets in Demand

Key Highlights GBP/USD failed to clear the 1.2700 resistance zone. It traded below a key bullish trend line with support at 1.2650 on the 4-hour chart. EUR/USD is consolidating above the 1.0780 support. Bitcoin rallied over 10% and cleared the $60,000 resistance. GBP/USD Technical Analysis The British Pound started a decent increase from the 1.2535 […]

Markets Relative market calm this morning was already disturbed sooner than expected by the publication of the UK labour market data. The unemployment rate remained unchanged at 4.3% and November payrolls declined a bigger than expected 35k. However, it was wage growth data catching the eye just two days before the final BoE policy meeting […]

After some volatile weeks, markets were relatively calm this week, as there were no big surprises, also not from the US central bank. As expected, the Fed did not change interest rates, but the bank lowered its forecast for GDP growth this year from 2.1% to 1.7%, while increasing its inflation forecast from 2.5% to 2.7%, both […]