Join Us Wednesday, August 12
Struggles at 50-day SMA with bulls near 215.50

The GBP/JPY ended Tuesday’s session unchanged at 215.17 as buyers remained reluctant to test the 50-day Simple Moving Average (SMA) at 215.43, seen as the first resistance level on its way to re-test yearly peaked at around 219.61.GBP/JPY Price Forcast: Technical outlookPrice action suggests the GBP/JPY is facing key resistance…

Euro stalls below 100-day SMA as investors brace for US CPI

The single currency registers minimal losses against the Greenback on Tuesday as traders and market participants prepare for the release of the US Consumer Price Index (CPI) on Wednesday, which could set the path for the future of US monetary policy. The EUR/USD trades at 1.1541, staying below the 100-day Simple Moving Average (SMA) of 1.1567.EUR/USD holds near 1.1540 as traders await US inflation data while Middle East tensions lift crude pricesMarket participants continued to…

Business

View More

Chrysler is recalling nearly 50,000 vehicles over a seat belt defect that could increase the risk of injury in a crash, according to federal regulators. The recall affects certain 2023-2025 Dodge Hornet and 2023-2026 Alfa Romeo Tonale vehicles, according to the National Highway Traffic Safety Administration (NHTSA).A total of 48,777 vehicles…

Markets

View More

Investing

View More