The luxury fashion industry is looking to experience more growth in 2023. According to the latest reports, the sector is projected to grow a further 5-10% until the end of the year. This growth can be attributed to a number of factors, including an increase in disposable income among luxury consumers, an even bigger shift towards online shopping. In terms of...
Luxury shares boost Europe's STOXX 600, French stock index TVC:CAC40 hit new record high. European shares climbed on Thursday on a boost from luxury stocks after XETR:MOH posted upbeat first-quarter sales, while hopes of a pause in the Federal Reserve's rate hikes after signs of cooling U.S. inflation also aided sentiment. 👉 The pan-European STOXX 600 rose...
The pair GBPUSD, formed a Bullish triangle. I expect that the price will go up, due to the new recent events occurring with CoronaVirus cases in the US
Price is showing rejection from the channel resistance line. Probably will touch 61.8 on Fibo. Will continue down trend.