Fundamental view: Pound traded low against dollar in the current week. UK Prime Minister Boris Johnson is set to announce a four-week delay to the last stage of the reopening. July 19 is the new June 21. This acted as a major catalyst in the pound weakening. Britain Halifax HPI yearly report on 7th June [...]
Fundamental view: Euro traded low against dollar at fresh monthly lows and with increased bearish potential. Investors read reg past upwardly revised US inflation figures, which hit 5% YoY in May, accelerating at the fastest pace since 2008. The US Federal Reserve will have a monetary policy meeting next week, and the assessment of record [...]
Gold are showing higher from yesterday itself and hitting daily highs today. In quieter summertime trading, the metals market bulls are awaiting some kind of spark to break the markets out of their doldrums. The U.S. economic data point of the week yesterday saw the consumer price index report for May come in at up [...]
A rush by home-buyers to beat an end-of-June deadline for a tax break and a shortage of properties on the market helped to push a measure of British house prices to its highest level since 1988 in May, a survey showed on Thursday. "With the economy performing better than could have been expected even a [...]
