GBP/USD is in upward trend despite a disappointing PMI Report of the United Kingdom. In January, PMI services fell slightly to 50.8 since December 51.1, not reaching the expectations of 51.2 analysts. These weakest data could normally weigh on the...
The EUR/NZD pair is currently at a critical juncture, with 1.8237 serving as a pivotal support level. This level has historically functioned as a strong price floor, often leading to short-term rebounds when tested. Given the current market...
China's Retail Sales, a key economic indicator for New Zealand’s primary trade partner, posted an unexpected slowdown, dampening sentiment in antipodean markets. Sales grew by just 3.0% year-on-year, falling short of the 4.6% forecast and marking a...
GBP/JPY is exhibiting strong bearish characteristics, with technical signals aligning to suggest a potential price decline of 110 to 160 pips. The critical level to watch is 191.28, which acts as a key resistance point. As long as the price remains...
WTI crude oil futures have experienced a downward trend over the past three weeks, declining by approximately 6% since reaching a peak of 79.36 in January. The recent sell-off intensified on Tuesday, pushing prices to a low of 70.66. However, the...
