Image Source: Pexels Before Friday’s open JPMorgan Chase & Co (JPM) will reveal their Q4 earnings.The performance of JPMorgan has been very strong in 2023 with the the firm earning so much that managers have been warning about ‘over earning’. 2023
January 10, 2024
EURUSD has recently broken above the resistance level at 1.0972, suggesting that the downside move from 1.1139 has completed at 1.0876. This breakout indicates a potential for another rise in the coming days.If the price manages to break above the
Image Source: Pexels The recent bond rally – which may not be over – was one for the books. The 10-year US Treasury dropped nearly 120 bps off its yield in only 47 trading days. A move that big and that
In the short term, I’ll be looking at the 1.34 level and seeing whether or not we can break out to offer another 100 pips to the upside. The US dollar has rallied early against its northern neighbor, but there
Photo by Colin Watts on Unsplash GBP/USD falls ahead of BoE Bailey’s appearance BoE rate cut bets pushed back BoE Bailey to appear before the Treasury Select Committee GBP/USD tests 1.27 support GBP/USD has held relatively well against U.S. dollar strength at the
Concerning the GBP, the Governor will be making routine testimony before the UK Parliament at 2:15pm UK time. My previous GBP/USD signal on 2nd January was not triggered, as unfortunately the bullish bounce at $1.2616 came after the London close. Today’s GBP/USD SignalsRisk 0.75%.Trades
Image Source: Unsplash GBP/JPY halts a losing streak on downbeat Japanese labor data. Japanese Labor Cash Earnings (YoY) reduced to 0.2% from the previous reading of 1.5%. Traders will likely observe BoE Governor Andrew Bailey’s speech to gain fresh impetus
