The British Pound is in for a rough ride next week with the latest employment, wages, retail sales, and inflation data all set for release
The index is enjoying another bullish session and week, yet it needs a catalyst to clear the key 14000 level.
The final Ethereum testnet merge passed off without any problems yesterday, leaving the way clear for Ethereum to switch to proof-of-stake in mid-September.
Gold has failed to push on despite a weaker US dollar and continues to be limited by the psychological 1800 level.
Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.
The UK economy contracted by 0.6% in June, beating a more pessimistic -1.3% market estimate, while a raft of industrial and manufacturing data also topped market expectations.
Gold was grasping at major support in July and that’s led to a strong three-week-rally as hope continues to build around macro themes.
EUR/USD appears to be responding to the former support zone around the May low (1.0349) as it fails to extend the series of higher highs and lows from earlier this week.
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