GBP/USD RISES ABOVE 1.2450 AHEAD OF UK GDP DATA
GBP/USD is going up for the third day in a row.
It is now around 1.2460.
Traders are waiting for the UK's GDP report coming later today.
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CHINA: RETAIL SALES AND INDUSTRIAL PRODUCTION BEAT EXPECTATIONS
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GOLD PRICE SITS NEAR RECORD HIGH, CONTINUES TO DRAW SUPPORT FROM THE GLOBAL FLIGHT TO SAFETY
Gold price is near its highest level ever. People are buying gold because of global economic worries. Traders expect the U.S. Federal Reserve to cut interest rates in 2025. The U.S. dollar is weak, which helps gold stay strong. Investors see gold as a safe place to keep
CHINA FEBRUARY 2025 NEW HOME PRICES FALL 4.9% YoY, 0.1% MoM
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WEEK AHEAD – CENTRAL BANKS IN FOCUS AMID TRADE WAR TURMOIL
Federal Reserve (Fed): Will decide on interest rates while worrying about a possible recession. Bank of Japan (BoJ): Traders are watching for signs that Japan might raise interest rates. Swiss National Bank (SNB): Expected to cut interest rates by 0.25%. Bank of England (BoE): Likely to keep rates the