The British Pound (GBP) retreated slightly against the US Dollar (USD) on Friday, with the GBP/USD pair trading around 1.3555, down 0.1% on the day, correcting after the previous day’s rebound. The GBP remains under pressure in the forex market, however, held back by persistent concerns over the health of the UK labour market ahead…
Pound Sterling (GBP) is holding steady, ING’s FX analyst Chris Turner notes. Gilts remain the weak link for GBP “The enforced cabinet reshuffle by UK Prime Minister Keir Starmer on Friday did not touch Chancellor Rachel Reeves, who is valued for her market credibility. Softer US data has seen last week’s global bond market sell-off…
The past week ended with mixed performance across markets. The euro stabilised around 1.1700 against the dollar, Bitcoin fluctuated just above 111,000, Brent crude fell toward 65 dollars per barrel, while gold climbed to 3,600, setting new all-time highs. Investors still expect that at the meeting on September 16-17 the Federal Reserve will cut rates…
GBP/USD rebounds from 1.3332 lows to 1.3442 as the US Dollar Index slips after Tuesday’s sharp rally above 98.50. The US JOLTS report shows July job openings fell sharply, highlighting tariffs’ drag on hiring and manufacturing weakness. UK Services PMI jumps to 54.2, easing fiscal worries, while BoE officials stress inflation risks and policy caution….
Post-Summer Trading Outlook: Uncertainty Looms Over Fed Cuts, Jobs Data, and Global Risks Federal Reserve interest rates – Post-Summer Trading Outlook The start of post-summer trading often mirrors the beginning of a new year, as traders and investors return from vacation and markets regain momentum. Historically, the first week of September tends to bring…
In the final days of August, the dollar weakened after Jerome Powell’s dovish remarks at Jackson Hole. The Fed Chair hinted at a possible rate cut in September, which sent the Dollar Index (DXY) sharply lower. Over the past week, the index failed to recover those losses and closed at 97.77. Investors continue to expect…
Mastering Retracements in Trading: A Practical Guide Mastering Retracements in Leverage Trading Retracements are one of the most powerful tools in technical analysis, and understanding how they work can significantly improve your trading results. In this article, we’ll break down why retracements work and how to trade them effectively using a common-sense approach. Why Do…
The chart of the dollar index (DXY) last week resembled the Greek letter “Λ.” Accordingly, the dynamics of major dollar-paired assets can be illustrated as a Latin “V.” For most of the five trading days, the U.S. currency strengthened, but then Jerome Powell delivered a blow. In his speech prepared for the annual Jackson Hole…
Last week was marked by volatile dynamics across financial markets. The euro hovered near the upper end of its range, gold eased slightly, bitcoin rallied toward new highs before pulling back, and Brent crude held just above $66 per barrel under pressure from both geopolitical and fundamental factors. 💶 EUR/USD EUR/USD ended the week around…
In recent years, the online trading market has been expanding rapidly, and the presence of traders from Muslim-majority countries has become increasingly visible. According to the Pew Research Center, the global Muslim population now exceeds 1.9 billion people, representing almost a quarter of the world’s total population. The highest concentrations of Muslims are found in…