Traders Bullish on British Pound Amid BoE Expectations The Current Market Sentiment Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. This surge in bullish sentiment comes as traders ramp up their expectations for the Bank of England…
Gold Price Soars as BRICS Discuss Introducing Gold-Backed Currency Auction in Inventory Adjustment Phase The gold price (XAU/USD) is currently demonstrating auction in an inventory adjustment phase after reaching a near three-week high of around $1,960.00 on Tuesday. This increase in the precious metal’s value comes as discussions about introducing a novel gold-backed currency by…
USD/TRY Bulls Flirt with Record Peak Turkish Lira Pair Struggles Amid Trade Deal USD/TRY bulls are currently flirting with the record peak of around 26.35 as we head into Tuesday’s European session. The pair has been on an upward trend for the past three consecutive days, showing strong bullish momentum. However, the surge in the…
Feeling the Forex Frenzy: A Dive into GBP/USD Trading Are you feeling the dip-buying fever? Oh, the thrill of the trading world! The GBP/USD pair has been making waves during the Asian session on Tuesday, attracting some dip-buying action. It seems that the two-day-old corrective slide from its highest level since April 2022 has come…
