Category Archives: economy

GBP/USD Price Prediction: Cable Could be Hit Harder This Week

Big fundamental data points will play a massive role in the direction of GBP this week. GBP/USD downside targets are eyed at 1.2800 and then the range of 1.2750-1.2650. It is another week where GBP takes the spotlight with a raft of key economic data points being released from the UK. This comes after an […]

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GBP/USD Price Prediction: Cable Subject to Further Downside Pressure with Focus on the Bank of England

GBP/USD saw its first weekly close in the red after six consecutive weeks of gains. Focus on the Bank of England, as the general expectations are for it to push back rate hike expectations. GBP/USD prior to last week has been rallying to the upside at quite some momentum. The price was enjoying six consecutive […]

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Davos: What’s Bitcoin’s Role in Trump and China’s ‘New World Order’?

According to Investec CEO Hendrik du Toit, despite U.S, President Donald Trump and China’s President Xi Jinping not coming face to face at Davos this week, the event is still encapsulated by their simmering economic battle. The chief of the global investment firm suggested that Davos represents a thrashing out of the coming ‘new world […]

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GBP/JPY Price Prediction: Cable Jumps Over 150 Pips With Room for Another Squeeze Higher

GBP/JPY saw decent gains on Wednesday, receiving a helping hand from Brexit and BOJ fundamentals. Brexit optimism helps GBP higher, while BOJ remain dovish, adding pressure to JPY. GBP/JPY jumped to its highest levels seen since 14th December 2018. The session high print was observed at 143.56, with the pair having gained over 150 pips. […]

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