Forex News

The AUD/USD Pair Retreats from One-Week High Market Overview The AUD/USD pair retreats from the vicinity of mid-0.6500s, or a one-week high touched earlier this Wednesday and extends its steady intraday descent through the first half of the European session. The downward trajectory drags spot prices to a fresh daily low, around the 0.6515 region…

GBP/USD Continues to Gain Ground Market Analysis GBP/USD continues to gain ground for the third successive session, trading around 1.2690 during the Asian hours on Wednesday. The Pound Sterling (GBP) strengthens as markets price in less than a 20% chance of another rate cut from the Bank of England (BoE) this year, following the BoE…

GBP/USD Continues to Gain Ground Pound Sterling Strengthens Amid BoE Monetary Policy Report Hearings The GBP/USD pair has been on the rise for the past three trading sessions, with the exchange rate hovering around 1.2690 during the Asian trading hours on Wednesday. This surge in the Pound Sterling (GBP) can be attributed to market optimism…

GBP/USD Churns Near 1.2700 as Traders Await UK Data Dump Market Analysis: The GBP/USD chart paper is currently churning just south of the 1.2700 mark on Tuesday, as Cable traders prepare for a significant influx of UK economic data set to be released on Wednesday. This data dump will be headlined by the UK Consumer…

EUR/USD Struggles to Extend Recovery Above Immediate Resistance Introduction The EUR/USD pair is facing challenges in extending its recovery above the immediate resistance of 1.0600, as it edges lower in Tuesday’s European session. The pair had seen a slight rebound from the yearly low around 1.0500 last week, but this recovery seems to be losing…

The GBP/USD pair attracts buyers for the second straight day Modest USD downtick drives GBP/USD pair higher Investors await Bank of England’s Monetary Policy Report Hearings The GBP/USD pair is on the rise once again, as buyers show interest for a second consecutive day. This increase comes amidst a slight downtick in the US Dollar…

Goldman Sachs Sees Gold as a Strong Hedge Against Potential Risks Predicting Price Rises in 2025 Goldman Sachs recently reiterated their forecast that gold will continue to be a safe haven asset amidst the potential risks stemming from the Trump-era tariffs. They project that gold prices will rise further, with a target of $3,000 per…

GBP/USD Climbs 0.5% on Bullish Recovery Turning the Tide It was a refreshing start to the trading week as GBP/USD climbed 0.5% on Monday, putting an end to a six-day losing streak. The bullish recovery helped to pare back recent losses and sent price action back toward the 1.2700 handle. While some may see this…