US stock markets opened with strong optimism, but other asset classes are not as confident. While equities are rising and catching up to the previous session’s futures rally, currency and commodity markets remain cautious about unresolved issues in the latest diplomatic talks. The overall geopolitical outlook appears positive, as both sides have agreed to reopen…
Fundamental Background UK GDP grew by 0.6% in the first quarter of 2026, notably above the revised 0.2% reading recorded in the fourth quarter of 2025. The main contribution came from the services sector, which expanded by 0.8%. Nevertheless, strong macroeconomic data failed to support sterling: CPI inflation accelerated to 3.3% year-on-year in March, up…
GBP/USD held at 1.3528 on Thursday following an overnight decline. The pound remains under pressure, close to its lowest levels since late April, amid media reports of a potential leadership contest within the ruling party. According to The Times, British Health Minister Wes Streeting is preparing to launch a campaign against Prime Minister Keir Starmer….
Middle East headlines continue to dominate as hopes of deal grow. US CPI and retail sales data to fight for attention as Warsh takes office. UK Q1 GDP and BoJ meeting summary also on the agenda. Markets Cheer Trump’s Peace Push Despite Threats The late April surge in oil prices wasn’t met with the same…
EURGBP: ⬆️ Buy EURGBP reversed from support zone Likely to rise to resistance level 0.8685 EURGBP currency pair recently reversed from the support zone between the strong long-term support level 0.8620 (which has been repeatedly reversing the price from the start of 2025), lower daily Bollinger Band and the 50% Fibonacci correction of the upward…
Dollar’s inability to hold onto last week’s gains is emerging as a key signal that the broader trend may be turning lower again. While the greenback initially found some support on headlines of stalled US–Iran talks, the move quickly lost momentum as markets shifted focus to ceasefire extensions and renewed diplomatic efforts. The reaction suggests…
European currencies are moving into a corrective decline after recent attempts to hold above key levels, with the current move driven by escalating geopolitical tensions and stronger demand for safe-haven assets. The partial closure of the Strait of Hormuz and renewed escalation in the Middle East are weighing on risk assets, supporting the US dollar…
The US Dollar may have just seen its brightest days at the cost of a world-shaking US-Iran-Israel conflict. Having bullied through a gigantic rebound since February, the Greenback had been invincible. Petrodollar trades and higher-for-longer US rates tend to largely support the global reserve currency. Add to it historic bearish positioning against it, and traders…
Key Highlights GBP/USD started a fresh surge above 1.3350 and 1.3440. It cleared a key bearish trend line with resistance at 1.3280 on the 4-hour chart. EUR/USD also climbed higher above the 1.1650 resistance. WTI Crude Oil prices trimmed most gains and traded below $95. GBP/USD Technical Analysis The British Pound found support at 1.3150…
GBP/USD stabilised around 1.3227 on Friday following a sharp decline the previous day. Rising geopolitical tensions have weighed on the pound following fresh statements from US President Donald Trump. Increased military rhetoric towards Iran and the lack of clarity regarding the reopening of the Strait of Hormuz have led to a jump in oil prices…