Forex News
GBP/USD Consolidates After Soft UK CPI Data: Pound Sterling Price News and Forecast
The GBP/USD pair below 1.3000 as bearish sentiment prevails Market Overview: The GBP/USD pair has been struggling to break above the key psychological level of 1.3000 during the Asian session on Thursday. Currently, the pair is hovering near its lowest level since August 20, which was touched in the previous trading day. This decline in…
GBP/USD Outlook: BOE Receives Inflation Greenlight as US Election Approaches – A Comprehensive Analysis
The US Dollar Strengthens as GBP/USD Outlook Remains Uncertain Market Trends and Political Factors With the US dollar gaining momentum in the foreign exchange market, the risks for the short-term outlook of the GBP/USD currency pair seem to be skewed to the downside. This shift in market dynamics can be attributed to a variety of…
Get Ready to Shine: Gold Nears All-Time High of $2,685!
Gold Glitters as Market Jitters Shake the US Dollar What’s Up with Gold (XAU/USD) Lately? Have you been keeping an eye on the price of gold lately? If not, let me fill you in on the latest news. Gold (XAU/USD) has been on a bit of a rollercoaster ride, extending its recovery into the lower…
Breaking Down the EUR/USD: Why 1.0860 is Playing Hard to Get According to UOB Group
Feeling Eurotic: A Currency Rollercoaster Welcome one and all to the thrilling world of foreign exchange markets, where the Euro (EUR) is currently stealing the show. Strap in, hold on tight, and let’s take a wild ride together as we analyze the latest trends in the EUR’s performance. According to UOB Group’s FX analysts Quek…
GBP/JPY: A Closer Look at the Impact of UK CPI on Recent Losses, Still Struggling Above 19400
GBP/JPY: A Closer Look at the Impact of UK CPI on Recent Losses, Still Struggling Above 19400 Introduction The GBP/JPY cross attracts heavy selling following the release of the UK consumer inflation figures on Wednesday and retreats further from over a two-week high touched the previous day. The second straight day of a downfall drags…
USD/CAD Takes a Breather: Currency Pair Pauses After Impressive Rally, Hovering Near 2-Month High at 1.3775
Today in the world of forex trading, the USD/CAD pair seems to be playing hard to get, much like that one person you can’t seem to get a date with. Despite a slight uptick in the Asian session, the pair is struggling to break through its recent high around the 1.3835-1.3840 region. Currently hovering around…
Gold Price Stays Near All-Time High, But Is It Ready to Take Off? Mixed Signals Leave Investors Wondering
Feeling Like Gold: A Playful Look at the Market Shining Brighter Than Ever Gold prices are on the rise, much like my mood when I find out there’s leftover pizza in the fridge. The XAU/USD is edging higher for the second day in a row, making it the fourth positive move in the last five…
GBP/USD Technical Analysis: Holding Steady Near September’s Support Zone After Mixed Jobs Data
GBPUSD struggles to find direction near September’s base Technical signals fail to signal an upside reversal GBPUSD has been facing a lack of clear direction as it hovers near September’s support level of 1.3000-1.3040. Despite some mild selling pressure, the currency pair has managed to hold its ground following the release of UK employment data….