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24 Oct 2022

UK's Boris Johnson and Rishi Sunak did not strike a deal this weekend

UK's Boris Johnson and Rishi Sunak did not strike a deal this weekend. Johnson told his supporters this morning that he is the only candidate with a democratic mandate. Hesaid he wants to form a Government that will reach 'far and wide'.

Johnson says he hoped he, Sunak and Mordaunt could come together and unite but they have been unable to do so.

Johnson said he had the numbers (102). But he also said "you can't govern effectively unless you have a united party. 

This is a huge development and makes Rishi Sunak the firm favourite.

GBP/USD has gapped to a high of 1.1293 in the open.

Oct 23, 2022

EUR/USD Price Analysis: Bulls move in and eye key trendline resistance

Big moves in forex on Friday have put a bid into the euro. The US dollar index dropped as investors scaled back bets on aggressive monetary tightening
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Oct 24, 2022

Gold Price Forecast: XAU/USD to kiss $1,660 in no time amid vulnerable DXY, PMIs grab focus

Gold price (XAU/USD) is marching towards the immediate hurdle of $1,660.00 sharply as the positive market sentiment witnessed on Friday is expected to
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