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EUR/USD hits one-week lows under 1.10

US dollar gains momentum and extends gains following US data. EUR/USD at a critical support level, could post the lowest close in months. EUR/USD at a critical support level, could post the lowest close in months. The EUR/USD pair printed a fresh daily low at 1.0995 and it is hovering around 1.1000, down a hundred…

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U.K. Economy Won’t Stay Close to EU After Brexit

U.K. Chancellor of the Exchequer Sajid Javid signaled Britain is planning to shift its economy further away from the European Union’s after Brexit, firing an early salvo in what’s set to be a fractious year to hammer out their future relationship. UK after Brexit “There will not be alignment, we will not be a ruletaker,…

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Instagram Forex Trader scammed hundreds in the UK

An Instagram trader who claimed he was making £110,000 a month has been accused of duping more than 1,000 investors into losing nearly £4,000,000 in a Bahamas fund. Instagram forex trader Gurvin Singh, 20, is believed to have convinced at least 1,250 people to invest in a foreign exchange trading scheme with his seal of…

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The Bank of England will be cutting interest rates soon

The former Bank of England governor Lord Mervyn King once said the real meaning of Christmas for the economy and interest rates would not be revealed until Easter. With the 12 days of Christmas only just over, his successor Mark Carney seems to have spotted an early downbeat message emerging from the high street. In…

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Safe haven currencies pull back on geopolitical tensions ease

The well know safe haven currencies, the Japanese yen and the Swiss franc pulled back from recent highs on Tuesday as investors became less anxious about the chances of an all-out conflict between the United States and Iran. The yen fell from a three-month high versus the dollar, although sentiment remains fragile due to continued…

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Wall Street market ripe for a tactical correction

Escalated geopolitical tensions swooped in and spoiled the market’s party in the new year, and Wall Street analysts warned the sell-off might be just beginning. After a historic run in 2019 and a strong first day of 2020, the S&P 500 fell after a U.S. airstrike in Iraq killed Iranian general Qassem Soleimani on Friday,…

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Suleimani Killing Sparks Fear of War and Economic Turmoil

Oil markets expect escalation in wake of U.S. strike on Iranian general. Crude oil prices soared after Iran vowed “harsh retaliation” for a Friday morning U.S. airstrike that killed the Iranian general Qassem Suleimani, one of the most powerful officials in Iran and the architect of Tehran’s terrorist campaigns around the region. The escalation in…

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Oil Soars as U.S. Killing of Iran General

Oil soars toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region. Brent futures surged by more than 4% in busy trading on Friday to levels not seen since the attacks on…

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December Gold Rally – Best Year Since 2010

The December gold rally took the precious metal to a three-month high to clinch its best annual performance since 2010, as a weaker dollar helped cap a year marked by global economic jitters and trade frictions. Bullion has gained 19% this year as central banks globally embraced looser monetary policy to boost growth. Brexit, unrest…