GBP/USD and GBP/JPY Could Resume Increase – Analytics & Forecasts – 30 January 2023
GBP/USD is consolidating gains pace above the 1.2350 zone. GBP/JPY is also rising and might gain pace if it clears the 161.80 resistance zone. Important Takeaways for GBP/USD and GBP/JPY · The British Pound is showing positive signs above 1.2350 against the US Dollar. · There is a key contracting triangle forming with resistance near […]
New Zealand’s FMA Reports 17% Increase in Investment Scams in 2022
The Financial Markets Authority (FMA) of New Zealand said it recorded an increase in the number investment scams discovered during its recent fiscal year that ended in June 2022. Across all categories, the regulator highlighted 111 cases during the period, which represents a 17% increase from 95 cases in 2021. Giving a breakdown, FMA said […]
The Odds of a Dovish Fed in February Increase, Putting Pressure on the USD
US equities closed in green on Thursday, while on Friday a profit taking mood prevails with US futures on the slippery slope. The dollar index holds above the 102 level, but the yen's strong gains indicate lower expectations that the Treasury-JGB rate differential will remain wide. USDJPY declined 0.75% and closely follows the rate differential:Despite […]