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It's a busy day ahead in FX markets. The highlight should be another 25bp cut from the ECB, but we'll get plenty of fourth-quarter GDP data from the US and Europe. Elsewhere, we think this week's...
GBP/USD breaks above bearish channel, faces rejection near 50-SMA Caution persists among traders as they await a close above 1.2600 GBP/USD stalled around the falling 50-day simple moving average...
Forex Strategy is Bullish: We are currently @ 1.2508 in a channel. If we can bounce here, we are looking for a continuation to the ATR target @ 1.2550 area, with a big area above the R6 @ 1.2710....
US equities markets rose due to President Trump’s pro-business policies and decision to not impose tariffs on major trading partners yet. The Bank of Japan raised rates to 0.5%, the highest since...
The GBP/USD (Cable) has been rebounding from recent lows over the past several days and is now testing the descending channel’s trendline resistance at 1.2440—a critical pivot level for the pair. A...
The US dollar has been appreciating almost relentlessly since the end of September. In just three and a half months, the US Dollar Index (DXY), which measures the value of the greenback relative to a...
President Trump’s comments about potential tariffs on Canada and Mexico by February 1st caused increased market volatility and risk aversion. The US Dollar Index (DXY) experienced significant price...
The British pound continues to show sharp swings this week. After a spectacular 1.3% gain on Monday, GBP/USD has reversed directions and is trading at 1.2233 in the European session, down 0.68% on...
GBP/USD holds below mid-Bollinger band level Momentum oscillators tick lower GBP/USD had a notable bullish day on Monday, more specifically after Trump’s inauguration, but it failed to cross above...
The British pound is lower on Friday. In the European session, GBP/USD is currently trading at 1.2201, down 0.27% on the day. The pound can’t find its footing and is down 2.5% in January and a...
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