Bank of England Governor Andrew Bailey said on Tuesday that a 50 basis points rate increase will be among the choices at the next policy meeting, as reported by Reuters.The GBP/USD pair extended its daily rally and touched its highest level in more than 10 days at 1.2045. As of …

The US dollar started the first day of the trading week weaker than the previous week, losing ground against most rival currencies. In the US session, afternoon, the dollar bounced back, as Wall Street was not able to retain its early gains and eventually headed to the red territory.Commodity-linked currencies …

Shares of Coinbase closed up 9% on Monday as cryptocurrencies like bitcoin and ether began the week rallying. Bitcoin was trading at $22,269, up around 6%, according to Coinbase data. Ethereum also jumped unevenly 10%, trading at $1,478.Tech stocks have been performing very well since Monday morning, moving up more …

IBM’s results outpaced expectations for income and revenue. The company began selling the z16 mainframe computer during the quarter, leading Z systems sales to jump 69%, compared with a decline of 19% in the prior quarter.IBM’s revenue rose 9% year over year in the quarter, according to a statement. Income …

US equities fell sharply into the final hour of trading Monday following Apple’s plans to slow hiring and curb spending next year to prepare for a possible recession. The hiring slowdown and cuts to spending will take place across certain divisions and stem from a move to “be more careful …

The EUR/USD pair holds on its substantial gains and trades in the 1.0160 price zone after hitting a daily high of 1.0200. The US dollar remained weaker on Monday amid a significantly better performance in the stock markets.Investors are still concerned about looming recessions and overheated inflation, but at this …

While Russia continues to cut off supply to Europe while historic heatwaves are causing a spike in demand for gas to cool homes, France is beginning to detect a looming energy crisis. A cold winter will take off after this summer, if fuel prices continue to rise, the crisis will …

Wall Street is ticking higher Monday to kick off a week full of updates on the two things that set stock prices: how much profit companies are making and where interest rates are heading. The S&P 500 was 0.5% higher in afternoon trading, on pace for another gain after it …

Gold Price s correcting the weekly and daily impulses. The focus is on the US dollar’s performance and the future path of the Federal Reserve in response to latest inflation-linked data. The 50% mean reversion and a 38.2% Fibonacci retracement are brought into focus. At $1709 to $1711, gold price …

At 0.6827, AUD/USD is trading between a 0.6784 and 0.6854 range but is higher by 0.5% on the first trading day of the week in midday New York trade. However, the pair is significantly higher than the fresh bear cycle low that was printed last week which was the lowest …