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USD/CHF jumps to near 0.8900 as the SNB cuts its key borrowing rates by 50 bps to 0.5% against estimates of a 25 bps interest rate reduction. SNB Schlegel kept the option of negative interest rates on the table in his last commentary in November. An expected growth in the US inflation pushes Fed rat

Hello Traders! Today, we’ll dive into the weekly Elliott Wave structure of Modine Manufacturing Co. ($MOD) and explain why a potential corrective pullback could present an excellent buying opportunity. Let’s analyze the price action and forecast the next steps. About Modine Manufacturing Co. Modine

GBP/USD kicks off the new week on a positive note and snaps a three-day losing streak. Retreating US bond yields prompts some USD profit-taking and lends support to the pair. Reduced bets for a December BoE rate cut underpin the GBP and further act as a tailwind. The GBP/USD pair opens with a bullis

UK data reports today were roundly disappointing, weighing on the Pound Sterling (GBP). Retail Sales fell a greater than expected 0.9% in the October month while November PMI data were generally weaker than expected, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP slides on weaker than exp

The US Dollar regained balance and rose to weekly highs on the back of the resurgence of the Trump-infused impulse, all prior to key data releases in the second half of the week as well as comments from Fed’s rate setters.. Here is what you need to know on Thursday, November 21: The US Dollar Index

European Central Bank (ECB) Vice President Luis de Guindos said on Monday that “the balance of risks has shifted from concerns about high inflation to fears over economic growth.” Additional takeaways The growth outlook is clouded by uncertainty about economic policies and the geopolitical landscape