0.0 00 The British pound remains under pressure against the U.S. dollar. The GBP/USD currency exchange rate is trading around 1.34 to 1.3415 headed into Tuesday. Forex traders are pessimistic about the coronavirus and waiting on …
Read More »British Economy sees Solid Expansion in Second Quarter
0.0 00 The British economy grew better than expected. Their gross domestic product (GDP) expanded despite a national coronavirus pandemic (Covid-19) lockdown and ongoing supply disruptions. The United Kingdom is also seeing a shortage of truck …
Read More »WTI Crude Oil Remains under Selling Pressure
0.0 00 The popular U.S. West Texas Intermediate (WTI) crude oil futures contract has been under selling press since the beginning of a descending trend channel from the high price of $76.40 per barrel set on …
Read More »Euro Currency falls below 1.2080 to Challenge 1.2070
0.0 00 Looking at the benchmark EUR/USD currency exchange rate, the euro currency has fallen below 1.2080 towards 1.2070 during the Asian trade session on Tuesday. There is not a lot of economic data on the …
Read More »WTI Crude Oil Trades within a Symmetrical Triangle
0.0 00 U.S. West Texas Intermediate (WTI) Crude oil is still looking weak as we head into Tuesday. Price action appear subdued within a symmetrical triangle on the above four hour MT 4 price action chart. …
Read More »Spot Gold is Consolidating Sharp Gains Today
0.0 00 Looking at the widely traded spot gold futures contract on the above thirty (30) minute MT 4 price action chart, gold is consolidating yesterday’s sharp gains. Gold traders are expecting that President Joe Biden …
Read More »Asian Financial Market start 2021 Mostly Higher
0.0 00 Asian and Pacific Rim equity and financial markets kicked off 2021 mostly higher. Traders were watching regional economic data which came in better than expected. In Japan the Asian benchmark bourse, the Nikkei …
Read More »Asian Markets Open Mixed Despite Coronavirus Vaccine
0.0 00 The Asian and Pacific Rim financial markets opened mixed on Monday. Regional traders are cautiously optimistic about a coronavirus pandemic (Covid-19) vaccine soon coming into a picture. The bottom line, it will take some …
Read More »Asian Markets Trade Flat after Chinese Data
0.0 00 Asian and Pacific Rim financial markets have opened a new week trading quietly around their flat lines. Regional traders are digesting economic data out of China that indicates their manufacturing sector expanded activity during …
Read More »Asian Equities Edge Higher in Early Trading
0.0 00 The Asian and Pacific Rim markets were edging higher during the morning trade hours on Monday. This comes as trade volume is lighter than usual with the Japanese financial markets, including the benchmark Nikkei …
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