At 1.3570, GBP/USD is around 0.40% higher on the day as it tracks down the start of the New York sessions highs of 1.3587 again during midday trade. Sterling is climbing on Wednesday for the fourth session in a row, reaching a 1-1/2-week high against the dollar.Trader’s expectations that the …

Google owner Alphabet tops analysts’ forecasts but PayPal issues disappointing guidance. Alphabet followed fellow tech groups to post forecast-beating quarterly results.Wall Street stocks wavered on Wednesday as traders balanced strong earnings from Alphabet with downbeat guidance from fellow tech group PayPal, and a report indicated that US labour market conditions …

The Canadian dollar is flat on Wednesday, trading at 1.2685 in the North American session though Canada’s GDP outperformed in November, but the positive news was not enough to move the sleepy Canadian dollar. GDP expanded by 0.6%, above the consensus of 0.4%. The growth was broad-based across the economy …

The non-yielding precious metal is trading above $1805. The US ADP data was worse than expected; it could be a prelude to the Nonfarm Payrolls (NFP).The Gold Index (XAU/USD) climbs in the North American session as US T-bond yields led by the 10-year benchmark note fall three basis points, undermining …

The US national debt has crossed the $30 trillion mark for the first time amid pandemic-related government spending. This reading is the first time in history according to the Treasury Department.The federal government exceeded the troubling threshold following a wave of borrowing and spending during the COVID-19 pandemic.The national debt …

Only one day away from an awaited second successive BoE rate hike, the British pound has been trading on the front foot. The GBP/USD pair has recently surpassed its 21DMA at 1.3557 before running into resistance ahead of the 1.3600 level.At current levels in the 1.3560 territory, the pair trades …

Under strong pressures to act against surging inflation, the Bank of England looks ready to explain how it will reduce the vast pile of British government bonds it has bought over the last decade in repeated attempts to stimulate the economy.Most economists polled by Reuters think the BoE will on …

Nasdaq futures rose in overnight trading on Tuesday, after the technology-focused average gained for the third day in the regular session. Dow futures fell 40 points. S&P 500 futures gained 0.25% and Nasdaq 100 futures rose 0.75%.Google-parent Alphabet rose more than 7% in extended trading after the company beat on …

Cryptocurrencies are starting to stabilize after falling in January, and some analysts expect prices to recover this month, especially as several alternative cryptocurrencies (altcoins) outperformed bitcoin over the past week.Trading at $38667.70, Bitcoin’s daily price chart seems to be making a steady recovery pattern, but some concerning indicators are coming …

The US dollar remained on the backfoot on Tuesday, although losses were limited across the Forex board. The EUR/USD pair is ending the day pretty much unchanged in the 1.1240/50 area after dismal EU data put a cap to the shared currency.The GBP/USD shrugged off UK’s political row and retained …