GBP/USD Lifted by the UK Services PMI Expansion
The UK services sector expanded in February according to today’s preliminary data, sending the Pound higher
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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The UK services sector expanded in February according to today’s preliminary data, sending the Pound higher
The accounts of this month’s policy decision by Australia’s central bank had a hawkish tone, but the pair is cautious, as markets now brace for a slew of US data and the minutes of the US Fed
After a profitable week, the German index starts the current one with caution amidst lack of catalysts, but a series of economic data is due over the following days
The pair is having a bad month and posted another losing week, but managed to avoid new year lows on Friday and now trades with caution ahead of Wednesday’s policy decision by the central bank of New Zealand
This week’s economic releases and hawkish remarks by central bank officials, solidify recent market repricing around the Fed’s terminal rate, sending XAU/USD lower
The pair heads towards its best week of the year after this week’s hotter than expected consumer and factory gate inflation from the US, as well as continued hawkish comments by Fed officials
Watch today’s US Open for commentary on the latest data from the US that put pressure on Wall Street, the lower than expected UK inflation and its impact on GBP/USD, the recent earnings releases and more
The pair comes from two straight negative weeks, but tries to stop its losing streak, as it bounces off of critical tech levels
US crude oil inventories rose last week according to the latest data, but prices are supported by strong demand outlook for the year, due to China’s reopening
Australian Unemployment rose to the highest in eight months and the pair’s kneejerk reaction was lower, but quickly covered the losses
The precious metal is having a bad month and tests critical tech levels after Tuesday’s higher than expected inflation figures and renewed hawkish commentary by the Fed
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