Source: Office for National Statistics The British government borrowed £16.8B to balance its books last month as the public finances felt the impact of rising inflation. FTSE 100 up +0.88%, GBP USD down -0.31% Rising tax receipts were partly offset by a rapid increase in interest payments of the £2trillion national debt, increased by the emergency measures to support the … [Read more...] about UK Government Borrows Nearly £17bn in December
Shell Forex EA Review
Shell Forex EA is a trading solution that should help us make profits on the market. The presentation looks simplified and includes almost no explanations about the system’s features. The core statement is “The simple and safe way to make profit with Forex.” Detailed Shell Forex EA review We have not so many explanations about how the system is going to work on our … [Read more...] about Shell Forex EA Review
Omicron Drags US Output Growth to 18-Month Low
Source: IHS Markit The United States welcomed 2022 with an 18-month low business output, dragged by weaker demand and issues brought about by the COVID-19 Omicron variant. XLI is up 0.40%. The IHS Markit Flash US Composite PMI Output Index stood at 50.8 in January, up from the 57.0 in December. This is the weakest performance since July 2020.Issues were recorded in both … [Read more...] about Omicron Drags US Output Growth to 18-Month Low
Continuation vs. Reversal Patterns in Forex Trading
A continuation pattern is a series of price fluctuations indicating that the current trend will resume after the break. Consolidation usually manifests itself in the shape of a sideways movement. Reversal patterns communicate that the current market trend has reached a point of exhaustion, with a new price trajectory in the offing. For instance, if the trend has been moving … [Read more...] about Continuation vs. Reversal Patterns in Forex Trading
UK Business Activity Falls to 11-Month Low
Source: IHS Markit The United Kingdom opened the year with an 11-month low business activity, as COVID-19 restrictions were reimplemented due to the Omicron variant. EWU is down 0.68% premarket. The IHS Markit/CIPS Flash UK Composite Output Index stood at 53.4, down from 53.6 in December. This is the lowest since the recovery started last spring.The decline was attributed … [Read more...] about UK Business Activity Falls to 11-Month Low
