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We are entering a period of calm in US macro news. This means that it’s mostly up to any positioning readjustment to keep the US dollar from rallying further. Growing focus will be on the eurozone...
The British pound has stabilized on Friday after four straight losing sessions. In the European session, GBP/USD is trading at 1.2666, up 0.02%. It has been a miserable week for the pound, which is...
The main event in sterling (GBP/USD) markets today is a speech by Bank of England’s Catherine Mann, the most hawkish member of the MPC. Markets will be attentive to any comments about the...
The GBP/USD is down for a third straight trading day on Tuesday. In the European session, GBP/USD is trading at 1.2822, down 0.36% on the day. Earlier today, the pound fell below the 1.28 line for...
GBP/USD holds in tight range in near term MACD and RSI tick lower GBP/USD is flirting with the long-term ascending trend line after the downfall of the 1.3045 resistance level. The next crucial...
Rest of World currencies took a leg lower on Friday after reports suggested that Robert Lighthizer will likely head the next Trump administration’s trade policy. His name shouldn’t have come as a...
Fed cuts rates and keeps door open to a December move Powell appears confident about the inflation outlook Equities’ euphoria continues, strongest weekly rally of 2024 The Fed Announces a Rate...
Forex Strategies Bearish: GBP/USD is currently @ 1.2997 after a triple top in place. We are looking for a continuation to the ATR target @ 1.2916 and then further movement to the 0.618 Fibo @...
Global markets had a mixed week, influenced by geopolitical risks and US jobs data revisions. The week ahead focuses on China’s Standing Committee meeting, the US election, and Central Bank...
GBP/USD has broken below a long-term ascending trendline, signaling potential further downside. UK budget concerns and a drop in manufacturing PMI have contributed to the Pound’s struggle. The...
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