GBPUSD moved sideways in a range between 1.6215 and 1.6343. The price action in the range is treated as consolidation of uptrend from 1.6030. Initial...
GBPUSD moved sideways in a range
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Understanding GDP
Gross domestic product (GDP) is the mother of all economic indicators. And it’s commonly used as a gauge of the economic health of a country, as...
BOE economist Dale: Inflation targeting needs tweaks
Inflation targeting should be retained but enhanced, says Bank of England economist Dale. As it is currently operated, inflation targeting is insufficient. Robotic inflation targets proved very poor monetary policy mechanism a year ago as inflation ramped higher and economic growth collapsed...
Cable rallies early
Cable is off to a good start, tacking on a quick half a cent., presently at 1.6475. Resistances now come at 1.6480/85, psychological 1.6500 and then 1.6520/25. European stocks are set to open higher, risk appetite looking in ok shape, and this will be lending the pairing support. Not sure if...
Apple Hits $500 Billion
Apple hits the highest market cap in the world today with news on the iPad 3...
USDCHF’s rise extended to 0.9234
USDCHF’s rise extended to as high as 0.9234 last week. Support remains at the lower line of the price channel on 4-hour chart, as long as...