Sterling today: Pound slips as MidEast impasse weighs, markets eye Tuesday CPI

USDCHF has provided traders with a textbook example of how Fibonacci extension zones can act as powerful resistance. After an extended move higher, price reached the 0.8020–0.8092 extension area, where sellers decisively stepped in. The rejection at this zone not only halted the advance but triggered a fresh wave of decline, reinforcing the importance of…

As the XTI/USD chart shows, the price of a barrel rose above $65 yesterday, reacting to the risk of talks between Iran and the United States on the nuclear deal breaking down. These negotiations could begin on Friday. According to Axios, Arab world leaders have urged Donald Trump not to follow through on his threats…

Yesterday’s US inflation data failed to support expectations of a dovish Federal Reserve, causing a rebound in the previously oversold US dollar. We anticipate further hawkish adjustments in the coming weeks, which could lead to an increase in the dollar’s value. Today, attention will be focused on the US Producer Price Index (PPI) and the…

Forex trading is the largest financial market in the world. Every day, trillions of dollars are exchanged between traders, banks, and institutions. However, history has shown that financial markets are prone to bubbles. When speculation drives prices too high, a collapse usually follows. The forex bubble history provides crucial lessons for traders and investors. It…