The GBP/USD is approaching a quarterly peak as market emphasis is currently on a test of 1.2080 for the coming sessions.If the bears fail to break this level of support, then a meaningful correction to the upside will be on the cards. The GBP/USD pair is still on the backside …

The Japanese Yen is soaring across the board after the Bank of Japan’s rate decision. The GBP/JPY pair cross is losing more than 700 pips on Tuesday amid rallying yen following the BoJ’s monetary policy announcement. BoJ’s rate decision also raised the upper range of its yield curve control of …

According to the Federal Reserve Bank of Atlanta’s GDPNow model, the growth of the US economy is expected to record an annualized rate of 2.7% in 2022’s fourth quarter, slightly down from 2.8% in previous estimates.“After this morning’s housing starts report from the US Census Bureau, the nowcast of fourth-quarter …

Former FTX CEO has agreed to be extradited to the United States, but Sam Bankman-Fried also announced that he wanted to see the accusation statement filed against him in New York before agreeing to extradition.FTT price noted a 7.7% decline in the last 24 hours, recording fresh lows around $0.860. …

Retail Sales in Canada, for October, unexpectedly surged, however, the USD/CAD pair is trading in negative territory, holding slightly above 1.3600. Retail Sales in Canada rose by 1.4% on a monthly basis in October following September’s 0.6% decline, the data published by Statistics Canada revealed on Tuesday. The latest reading …

Firmer government bond yields provided near-term support to the USD, but plummeting US indexes limited the dollar’s potential gains.Gold flirted with $1,800 but finished the day in the red at around $1,786 a troy ounce. Crude oil prices, however, posted modest gains, with WTI settling at $75.40 a barrel.No catalysts …

Treasury yields surged on Monday, as investors assess the cumulative probability that the world’s MAJOR central banks will keep raising rates in 2023 despite the economic impact.Traders focus on assessment of the 2023 monetary-policy outlook of central banks from the US to Japan and Europe. Longer term yields are below …

Oil prices surged on Monday on optimistic expectations and hopes for China’s economy after news speaking about relaxing COVID-19 restrictions. But, fears of a global recession would weigh on energy demand and therefore oil’s gains are limited.China is experiencing its first of three expected waves of COVID-19 cases after Beijing …

Wall Street equities were in the red territory on Monday. Nasdaq was leading the prevalent declines as investors’ worries accelerate concerning Fed’s monetary policy tightening that could drag the US economy into a recession.The S&P 500, the Dow Industrials and the Nasdaq have sold off sharply for December, on track …

The Pound Sterling is leaning against a critical level of support while the US dollar is surprisingly weak. The Federal Reserve and Bank of England’s rate decisions are being digested. The GBP/USD pair is 0.2% higher at the time of writing on the first day of the trading week. However, …