2023

GBPUSD hits resistance The pound saw some support from better-than-expected job data in September. A jump above the first hurdle of 1.2220 has prompted sellers to cover some of their bets. The supply zone 1.2290-1.2330 at the recent…
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The US economy has managed to surprise most economists with its resilience, and now seems poised to outright jump ahead. This is despite two major factors that would otherwise imply poor economic performance: High interest rates and a bout…
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USDCHF looks for support The US dollar drifted lower as Treasury yields pulled back from its 16-year high. The greenback has retraced half of its gains from the summer rally and is striving to hold onto its edge at the round number of…
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Global equity indices have been on the backfoot this month, thanks to a drop off in risk appetite. Normally October is a time of rebound from September, but the heightened tensions in the Middle East on top of a rise in global interest…
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EURGBP holds onto gains The pound slipped after September’s retail sales saw a larger-than-expected contraction. A decisive break above the recent peak and daily resistance of 0.8700 indicates that the bulls’ have doubled down on an…
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EURUSD falls as high rates could be costly The euro sinks as the market grows wary of the cost of high interest rates in the bloc. After policymakers lifted key rates to a record high of 4% they will need to thread the needle to…
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This week showed two important indicators that the energy supply sector in the world is under stress. On Monday, spot TTF jumped to the highest level since the winter. TTF is the trading code for the benchmark price of European natural gas.…
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USDJPY grinds major resistance The Japanese yen extended losses after the CPI showed a cooldown in September. On the daily chart, the price is crawling back to its 12-month high of 152.00 as the bulls area tread cautiously in this…
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