Forex News

GBP/USD Trading Update US Dollar Strengthens on Inflation Data GBP/USD is trading marginally lower in the 1.3060s on Wednesday after the release of US inflation data leads to an appreciation in the US Dollar (USD). The data has raised expectations of a more measured approach to easing from the Federal Reserve (Fed), causing the USD…

Well, folks, it looks like USD/JPY is finally taking a breather! For those of you who have been keeping an eye on the charts, you may have noticed that the USD/JPY pair is topping out this year at the 162-164 resistance area. We previously identified this as the end of a big ending diagonal on…

The USD/CAD pair retreats from 200-day SMA breakout Struggling to maintain momentum The USD/CAD pair is facing challenges in capitalizing on the recent breakout through the crucial 200-day Simple Moving Average (SMA). Despite touching a three-week high around the 1.3615 area earlier on Wednesday, the pair has retreated in the European session, dropping to a…

The GBP/USD Pair: A Closer Look Regaining Positive Traction The GBP/USD pair has seen a surge in positive momentum during the Asian session on Wednesday, climbing to a fresh daily peak. The pair is now closer to the 1.3100 round-figure mark, indicating a potential reversal in its recent downtrend. Caution Needed Despite the upward movement,…

The Importance of USD/JPY Pair Stability Market Analysis The USD/JPY pair has been holding steady near 143.00 in Tuesday’s European session, showing resilience after bouncing back from its Year-to-date (YTD) low of 141.70 on Monday. This stability comes ahead of the release of the United States (US) Consumer Price Index (CPI) data for August, which…

GBP/USD extends its losing streak Introduction The currency pair of Great British Pound (GBP) and United States Dollar (USD) has been on a downward trend for the third consecutive day, with GBP/USD trading around 1.3060 during the Asian session on Tuesday. This decline can be attributed to the strength of the US Dollar, which has…

Feeling the Sting of GBP/USD’s Losing Streak The Backstory GBP/USD is on a downward spiral for the third consecutive day, hovering around 1.3060 during the Asia trading session on Tuesday. The blame for this downward trend falls on the US Dollar’s recent resurgence, fueled by uncertainty over the Federal Reserve’s intentions for interest rates following…

The US Dollar, Gold, and Market Volatility What Happened on Friday The US dollar and gold faced significant volatility on Friday following weaker US jobs data and conflicting speeches from Federal Reserve officials. This uncertainty has left investors wondering whether the Fed will choose to cut interest rates by 25 basis points or a more…