Sterling today: Pound rises as dollar slips on easing tensions

Sterling today: Pound rises as dollar slips on easing tensions
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Sterling today: Pound rises as dollar slips on easing tensions
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The US Dollar (USD) lost ground this week amid geopolitical uncertainty and the United States (US) trade policy developments after the Supreme Court ruled the Trump administration’s tariffs illegal and he responded with a fresh round of levies. On another note, the release of a stronger-than-expected Producer Price Index (PPI) data couldn’t revive the Greenback….
Ever wonder how pro traders spot market moves before they happen? They often use simple, yet powerful, tools like trendlines. These lines on your price chart are fundamental for traders in all markets, from stocks and forex to crypto and commodities. They help you see where price is heading and even hint at where it…
Marketing is a major effort for any retail customer-centric firm. It becomes even more crucial for the three London-listed FX and contracts for differences (CFDs) brokers—IG Group, CMC Markets, and Plus500. All three need to convince new traders to deposit money and trade on their platforms while strengthening their brands. So, how much are these…
The Bank of Canada is expected to accelerate the pace of interest rate cuts with a 50-basis point reduction to the overnight rate to 3.75% from 4.25% on Wednesday. An underperforming Canadian economy had already pushed the BoC to lower interest rates earlier than most advanced economy central banks. Three consecutive 25 bps cuts that…
USD/CHF has been in a strong uptrend since September 2024, largely mirroring the US Dollar Index (DXY). A potential double top pattern is forming around the 0.9137 resistance level. Key support levels to watch are 0.9087, 0.9040, and the psychological 0.9000 handle. A break above the 0.9137 resistance could lead to further gains. Most Read:…
On Wednesday, stock indices recovered from early losses and advanced. The Dow Jones Index (US30) rose by 0.32%. The S&P 500 Index (US500) gained 0.24%. The tech-heavy Nasdaq Index (US100) closed up by 0.17%. The S&P 500 (US500) set a new record, and the Nasdaq (US100) hit a weekly high. The strengthening of software company…