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The analysis of the GBPUSD price movement over the past week reveals a stagnation in a tight 500 pip range, predominantly hovering around the 1.2620 level. Despite attempts by bears to initiate a downward trend analogous to the EURUSD, the GBPUSD has managed to find support around the 200-day moving average, showcasing a temporary stalemate
The cryptocurrency market capitalization hit a low of $2.63 trillion, marking the bottom of the range for the week. In the past 24 hours, the top coins have shown minimal momentum, with Bitcoin (BTC) experiencing a 0.9% decrease, Ethereum dropping by 1.9%, and Binance Coin (BNB) declining by 3%. On the other hand, Solana saw
The Japanese Yen (JPY) continues to face challenges as the Bank of Japan’s (BoJ) cautious approach and intervention fears limit its losses against major currencies. Despite the risk-on mood and uncertainty surrounding future rate hikes, the safe-haven nature of the JPY is currently being undermined. Finance Minister Shunichi Suzuki’s comments about speculative moves fueling the
Recent data from a closely watched central bank survey in Japan has revealed that business sentiment among big non-manufacturers has reached a more than three-decade high in the first quarter. This positive development offers hope to policymakers that domestic demand will play a critical role in supporting the country’s fragile economic recovery. However, while non-manufacturers’
Tony Dwyer, the chief market strategist at Canaccord Genuity, believes that the Federal Reserve may have new incentives to cut rates deeper in the second quarter of this year. His perspective is based on a deteriorating jobs market and easing inflation, which he thinks will ultimately push the Fed to take more aggressive action. Dwyer
The collapse of the Francis Scott Key bridge in Baltimore’s harbor sent shockwaves through the city, resulting in the tragic deaths of six road workers. The bridge crumbled as a massive container ship crashed into a support pylon, causing a significant portion of the structure to fall into the Patapsco River. This devastating event not
Following the tragic collapse of Baltimore’s Francis Scott Key Bridge, salvage crews are gearing up to lift the first piece of the bridge from the water. This crucial step will not only allow access for barges and tugboats to the disaster site but also marks the beginning of a complex effort to reopen the city’s