The past trading week was marked by notable growth across currency and commodity markets. The euro strengthened against the US dollar, bitcoin continued its movement within an ascending channel, gold showed aggressive growth, while Brent oil remained under pressure from sellers. In the coming days, investors should be prepared both for the continuation of existing…
GBP/USD slips despite strong UK Retail Sales as USD dominance prevails The Pound Sterling registers losses against the strong US Dollar, yet it remains above 1.3300. A strong UK Retail Sales report failed to underpin Cable, which registers losses of 0.20% as the GBP/USD trades at 1.3311.Read More… Pound Sterling gains on surprisingly positive UK…
The Pound Sterling underperforms its peers as the preliminary UK PMI unexpectedly contracted in April. Trump is confident of closing bilateral deals with various nations soon. Investors await the preliminary US PMI data for April. The Pound Sterling (GBP) weakens against most of its peers on Wednesday after the release of poor preliminary S&P Global/CIPS…
GBP/USD attracts some buyers to around 1.3350 in Monday’s early Asian session. The UK hopes to strike a deal with Trump after he imposed 10% tariffs on most imports of British goods to the US. Fed’s Powell said the US central bank remains in wait-and-see mode. The GBP/USD pair extends its upside to near 1.3350…
Last week closed with notable fluctuations across most major markets. The euro strengthened against the dollar, while gold and bitcoin continued their upward movement despite signs of a potential correction. Brent remains under pressure, though there are attempts to rebound from local lows. In the coming week, market participants will be closely watching macroeconomic data…
GBP/USD Forecast: Pound Sterling remains on track to post weekly gains GBP/USD moves sideways in a tight channel above 1.3250 in the European session on Friday after posting small gains on Thursday. The pair remains on track to end the week in positive territory. The US Dollar (USD) Index, which tracks the USD’s performance against…
GBP/USD hits 6-month high above 1.3200 as markets shun USD amid tariff turmoil The Pound Sterling rose and refreshed six-month highs against the US Dollar on Tuesday as the financial markets’ narrative remains linked to the US imposing tariffs. Cable shrugged off soft UK jobs data; hence, the GBP/USD rallied 0.36% and traded at 1.3233….
💶 EUR/USD The EUR/USD pair ended last week with strong gains near the 1.1360 mark. Nevertheless, the moving averages still point to a bearish trend. The price broke above the zone between the signal lines, signalling pressure from buyers and the potential for continued growth. In the coming week, a bearish correction is likely, with…
GBP/USD rallies past 1.3000 as China escalates trade-war with US The Pound Sterling (GBP) extends its gains versus the US Dollar (USD) as the US-China trade war escalates, with Beijing imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, GBP/USD trades at…
🌍 General Outlook for the Week The first week of April was eventful, with markets reacting to fresh macroeconomic data, import duties announced by US President Donald Trump, and expectations surrounding the monetary policies of the Fed and the ECB. Volatility increased across currency, commodity, and cryptocurrency markets. In the upcoming week from April 7…