GBPUSD

The US markets were closed on Thursday on account of the Thanksgiving holiday. Investors were cautious amid the lack of any major fundamentals during the day. Doubts on the US and China trade deal still remain. This comes as the Washington… Read More

Top trade negotiators of China and the United States apparently held a phone conference on Tuesday. Both parties said that there is an increase in the chances of the "phase one deal" being reached. A spokesperson from China said that… Read More

Equity markets rallied as a risk on sentiment saw major US indices touching new highs from Friday. The gains were partly driven by activity in the stock markets. However, trade optimism is once again partly cited for the gains. President… Read More

GBPUSD seems to be forming a corrective cycle XX, which can be seen as a zigzag and consists of primary sub-waves  Ⓐ-Ⓑ-Ⓒ. A fresh 5-wave bullish impulse Ⓒ could be underway. Following the completion of the intermediate correction wave… Read More

The USD rebounded strongly on Friday marking strong gains and a four-day winning streak. The gains come on the back of strong patch of economic reports from the US. Elsewhere, reports from other regions were somewhat weaker in… Read More

Investors were cautious amid mixed reports on the trade talks on Thursday. US equities dipped slightly but the dollar was steady. China’s trade negotiator said that he was cautiously optimistic about reaching the "phase one" deal. This… Read More

The renewed reports on the progress of talks between the US and China saw a rather lackluster response from the markets. Reports surfaced that both parties are negotiating on the rollback of tariffs. The report indicates some progress in… Read More

President Trump’s meeting with Fed Chair Jerome Powell and Treasury Secretary, Steven Mnuchin saw a cautious response from investors. Trump tweeted that he met with Powell and Mnuchin to discuss monetary policy, trade, and the US dollar.… Read More

Equity markets posted strong gains on Friday and especially in the final few hours of trading. The gains came as the economic advisor to the White House, Lawrence Kudlow said that there was progress being made. The comments come in a… Read More

The US Federal Reserve President Jerome Powell continued with this second day of testimony to Congress. The Fed chair is optimistic that the rate cuts from the central bank will help to revive growth in the United States. Speaking to… Read More