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London open: FTSE edges up despite grim inflation data London stocks edged up in early trade on Wednesday despite rising geopolitical tensions and a grim UK inflation report. At 0835 GMT, the FTSE 100 was 0.3% firmer at 7,388.76, while sterling was up 0.1% against the dollar at 1.1877. Geopolitical tensions were in focus following […]

EUR/GBP moves higher for the 2nd day in a row today (Monday). Also, it is now holding to moderate in-day profits during the opening hours of the European session. The pair is now positioned beyond the mid-0.8700s however lacks any follow-through buying confidence. The pair keeps attracting some assistance from bets for an increased policy […]

London open: Informa paces the gains after guidance upgrade; fiscal statement eyed London stocks rose in early trade on Monday as investors looked ahead to Chancellor Jeremy Hunt’s fiscal statement this week, with Informa surging ahead after a guidance upgrade. At 0830 GMT, the FTSE 100 was up 0.4% at 7,346.11, while sterling was down 0.2% against […]

USD/JPY recorded moderate gains during the early hours of today (Friday). This saw the pair recovering some losses due to a CPI-induced dip towards 140.20. Nevertheless, the in-day uptick failed around 142.00s and the USD/JPY pair gave up most of its in-day gains, as it falls below 141.00 in the first part of the European […]

EUR/USD lost its footing and has fallen under the 1.000 price level during the early hours of today (Thursday). The short-term outlook reveals that this price decline is due to a lack of buyers. Nevertheless, the United States October CPI data will soon give a new direction to the pair. The risk avoidance situation helped […]

London open: Stocks dip as US mid-term results roll in; M&S, Taylor Wimpey in focus London stocks dipped in early trade on Wednesday as investors sifted through updates from the likes of Taylor Wimpey and Marks & Spencer, and as results of the US mid-term elections began to roll in. At 0835 GMT, the FTSE 100 was down […]

GBP/USD oscillates near the mid-1.1500s, this happened while the 4 days uptrend as buyers and sellers struggles during early Wednesday. The pair’s past gains can be related to the wide USD lack of upside momentum. The BOE Economist Huw Pill pointed out recession worries during panel discussion. He as well included that the Bank of […]

Gold appears to be putting an end to its downtrend. This is happening as the subdued United States Treasury yield provided some assistance. The United States Dollar rebounds strongly during a cautious market sentiment on Mid-term Election Day. Gold bulls stay optimistic as strong support lies at the $1,660 price level. XAU/USD price recently obtained […]

London open: Housebuilders lead decline after gloomy Persimmon update London stocks fell in early trade on Tuesday, with housebuilders pacing the decline after a gloomy update from Persimmon, as investors turned their attention to the US mid-term elections. At 0830 GMT, the FTSE 100 was down 0.6% at 7,258.79. Susannah Streeter, senior investment and markets analyst […]

Within a few days of being sold and bought beyond the $21,000, Bitcoin lost this support, as it retraced lower by some hundreds of dollars. Some other alternative coins as well experienced huge falls yesterday, while Solana had the lion’s share of the fall, as it fell by 14%. Solana Steep Dive Solana stood among […]