The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to the upcoming Christmas holidays. The pair has been consolidating, with minimal price action as the market adjusts to a quiet holiday period. Similarly, the US Dollar Index (DXY) is largely flat, hovering above 108.00, showing no significant changes as traders…
GBP/USD trades near 1.2570 as volume remains low during the holiday week. The US Dollar Index DXY stays stable around 108.15, showing little movement. Fed’s gradual interest rate cuts expectations weigh on the Greenback. The GBP/USD pair has seen a modest rise to 1.2550, as low trading volume characterizes the market this week due to…
The GBPUSD market has been retracing lower price levels in the recent past. As a result, price action has retreated below some important technical landmarks. This is happening when the US dollar hasn’t been very strong; however, this may be due to a comparatively weaker stance of the pound. Another contributing factor to this is…
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Sulaiman Levels Indicator is a highly advanced chart analysis tool. After learning and experimenting with it, you will find it enjoyable, easy to use, and capable of making your chart highly clear and comprehensible. This clarity enhances your ability to open trades at the right Time and place. I strongly recommend watching the explanatory video as…
The Pound Sterling (GBP) is little changed on the session, but the GBP price action is leaning a little more positive, Scotiabank’s Chief FX Strategist Shaun Osborne notes. GBP nudges higher from intraday low “UK Composite and Services PMIs were revised up modestly from the flash estimates (to 50.5, from 49.9 and 50.8, from 50.0…
The Pound Sterling falls on Monday against the US Dollar after Donald Trump threatened BRICS with 100% tariffs, supporting the Greenback. Trump said he would impose tariffs if the trading group tried to replace the US Dollar with their own reserve currency. Technically, GBP/USD remains in an uptrend, within which it is undergoing a correction. …
GBP/USD Price Forecast: Clings to daily gains below 1.2700 The Pound Sterling clings to earlier gains yet trades off the weekly highs, which reached around 1.2749 during the European session. At the time of writing, the GBP/USD trades at 1.2684, virtually unchanged. Read More… Pound Sterling gives up gains against USD as 20-day EMA limits upside…