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Gold – 11.12.2024 – Orbex Forex Trading Blog
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GBP/USD Forecast: Bull Lacking Momentum at 1.35 Ahead of Fed – Forex Crunch
The GBP/USD forecast remains subdued as UK PMI data signals slowing growth. Fiscal deterioration and rising gilt yields weigh heavily on Sterling sentiment. The Fed’s hawkish tilt offsets the recent rate cut, supporting the dollar against the GBP. The British pound came under renewed selling pressure on Tuesday after the UK PMI for September came…
The Pound and Euro Reach New Yearly Highs
Despite global economic instability and Donald Trump’s tariff policy, the EUR/USD and GBP/USD currency pairs are demonstrating upward momentum, reaching new yearly highs. Today, market participants are focused on the European Central Bank meeting, where significant statements regarding monetary policy are expected. Yesterday, Federal Reserve Chair Jerome Powell highlighted the impact of the tariff policy…
Markets Today: CME Glitch Halts Trading, German Retail Sales Fall, Ukraine-Russia in Focus, FTSE 100 Back Above 100-day MA
European stock prices barely changed on Friday. Despite this, they are on track to have their best week in two months and are set for a fifth straight month of gains, mainly because investors are increasingly betting that the US will cut interest rates soon. Investors avoided making large trades as they headed into the…
A Detailed Analysis of Recent Movements – Forex Market Analysis – ForexCycle.com
The EURUSD pair has recently exhibited significant volatility, with a notable bounce from the 1.0223 level, extending upwards to a high of 1.0436. This upward movement broke above the top of the falling price channel on the 4-hour chart, suggesting a potential shift in the trend dynamics. Understanding the Breakout The breakout above the falling…
