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The Bank of England (BoE) is expected to announce a 25 bps rate cut on February 6, 2025. Weak UK Data and ongoing trade war and geopolitical risks pose threat to BoE policy. Key levels to watch are...
Forex Strategy is Bullish: GBP/USDis currently at 1.2530 in a 5th wave in a channel. We are looking for a quick bounce and then a continuation to the ATR target at 1.2595 area, with an overall target...
February Forex Seasonality Key Points Most major currency pairs have seen quieter moves in February on average since 1971. The budding trade war and developments on the tariff front could well...
Forex Strategy is Bullish: We are currently @ 1.2416 in a 5th wave in a channel. We are looking for a quick bounce and then a continuation to the ATR target @ 1.2489 area, with a 5th wave target @...
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...
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