GBP/USD Steadies After Weak UK Data
The British Pound (GBP) holds steady near 1.2660 after a mild rebound from Thursday’s low of 1.2630, despite weaker-than-expected UK data. September Industrial Production fell 0.5%, dragging Q3 GDP growth down to 0.1% (vs. 0.2% forecast). Technical Outlook: Further gains hinge on breaking 1.2710, but softer growth is likely to cap upside near the low […]
Gold Sees 7.0% Drop in November
Gold (XAU/USD) has fallen nearly 7.0% this November, influenced by the political shift in the US after Donald Trump’s election. The precious metal dropped to the $2,560s as the Republican Party gained control of Congress, boosting the US Dollar (USD) and negatively impacting gold. Interest rate expectations are also affecting gold, with the Federal Reserve […]
GBP/USD Price Forecast: Downside Bias amid Strong US Dollar and Limited BoE Support
The GBP/USD pair continues to experience bearish pressure, trading around 1.2697, with declines influenced by recent hawkish comments from BoE’s Catherine Mann, which the market largely overlooked in light of a strong US Dollar. This downside momentum is reinforced by recent US inflation data, which aligned with expectations and sustained USD strength. The pair is […]
US Dollar Rally Fueled by Trump Trade Momentum
The US Dollar (USD) continues to gain strength, driven by optimism surrounding President-elect Donald Trump’s anticipated economic policies, including tax cuts and potential stimulus measures. The “Trump trade” has lifted the USD broadly against major currencies, supported by expectations of Fed rate cuts and positive economic sentiment indicators. With limited economic data today, market attention […]
EUR/GBP Price Analysis: Bearish Momentum Drives Pair Towards Multi-Year Lows
The EUR/GBP pair extended its losses on Monday, dropping to 0.8270 after a 0.27% decline and nearing multi-year lows. This marks a fifth consecutive day in a downtrend, with technical indicators showing strong bearish momentum. Technical Analysis The Relative Strength Index (RSI) is at 38 and trending downward, signaling growing selling pressure. The Moving Average […]
Mexican Peso Slips Amid U.S. Trade Tensions
The Mexican Peso (MXN) weakened on Friday after encountering resistance at the top of its downtrend channel, retreating against the U.S. Dollar (USD) following an uptick in the Michigan Consumer Sentiment Survey, which rose to 73 in November, beating expectations. MXN initially declined after Donald Trump’s election win due to concerns over tariffs on Mexican […]
EUR/USD Rebounds Ahead of Fed Meeting
The EUR/USD pair has rebounded from recent lows, supported by a correction in the US Dollar. However, the pair’s outlook remains uncertain due to several headwinds, including potential trade tensions and economic challenges in the Eurozone. Key Factors Influencing EUR/USD: Technical Analysis: The EUR/USD pair is facing strong resistance near the 20-day and 50-day EMAs. […]
The US Dollar (USD) is surging, hitting levels not seen since early July
This comes after a significant political event in the US, which has led to increased USD strength. Additionally, recent economic data and market expectations regarding future monetary policy have contributed to the USD’s rise. Key points:
GBP/USD Surges Past 1.3000, Bullish Momentum Builds
The Pound Sterling has gained strength against the US Dollar, surpassing the 1.3000 level and breaking through the 100-day SMA resistance. This bullish momentum suggests a potential uptrend in the pair. Technical Analysis: Oscillator Signals:
The US Dollar Index is Weakening as Election Uncertainty Grows
The US Dollar Index (DXY) is declining on Monday, erasing Friday’s gains, as recent polls suggest a potential victory for Vice President Kamala Harris in the upcoming US presidential election. This outcome could lead to a weaker US Dollar, as it is generally perceived as less supportive of the currency compared to a Donald Trump […]
