The GBP/USD pair is showing an upward movement around 1.3635, breaking a two-day decline during the early European session on Thursday. The initial estimate of the UK’s Gross Domestic Product for the fourth quarter is set to attract significant attention later on Thursday. The UK economy is projected to expand by 0.2% quarter-on-quarter in the … Read more
GBP/USD declines to approximately 1.3610 during the early Asian session on Monday. The BoE emphasized that the policy will continue on a “gradual downward path,” impacting the Pound Sterling negatively. The postponed publication of the US employment report for January will attract significant attention on Wednesday. The GBP/USD pair declines to approximately 1.3610 in the … Read more
On Wednesday, GBP/USD held steady at 1.3436. The British pound found support amid a sell-off in the US dollar, driven by escalating trade tensions between the US and Europe concerning Greenland. The President of the United States, Donald Trump, has issued a warning regarding the potential imposition of tariffs on imports from the UK, Denmark, … Read more
EUR/USD declined to a new yearly low below 1.1600 on Thursday, driven by robust economic data from the US and widespread strength of the US Dollar. Traders exhibited a heightened appetite as Trump softened his rhetoric regarding Iran; however, the data from the Eurozone did not provide the necessary support for the shared currency. The … Read more
The GBP/USD pair is currently exhibiting a stable performance, hovering around 1.3465 in the early hours of European trading on Thursday. Markets exhibit a cautious stance as traders anticipate the release of significant US economic data this week. The weekly US Initial Jobless Claims report is set to be released later today, preceding the much-anticipated … Read more
The USD/CHF pair is currently positioned in negative territory around 0.7950 in the early European session on Wednesday. The US Dollar is experiencing a decline against the Swiss Franc due to ongoing geopolitical tensions and the dovish remarks made by officials from the US Federal Reserve. Market participants will monitor the upcoming US ISM Services … Read more
EUR/USD recovers from the lows of 1.1710 as risk appetite strengthens, even in light of geopolitical developments related to Venezuela. Soft US manufacturing data exerts downward pressure on the US Dollar, even in light of Kashkari’s hawkish remarks. Market participants are closely monitoring upcoming Eurozone PMIs, inflation figures, and significant US reports, including NFPs, for … Read more
The US dollar experienced an initial surge against the yen; however, it is important to highlight that the markets continue to incentivize holding the USD/JPY pair on the long side. The US dollar experienced a slight rally during Friday’s trading session; however, we have retraced some of those gains. It is not particularly surprising, nor … Read more
The EUR/USD experienced a slight decline, indicating a lack of momentum to surpass the 1.18 threshold. That does seem logical, especially with the New Year holiday approaching. The majority of participants are not actively trading, and in the absence of that momentum, it becomes challenging to surpass what has clearly been a significant resistance level … Read more
GBP/USD shows resilience around 1.3510 during the Asian session on Tuesday. The anticipation of a gradual monetary easing path by the BoE in 2026 bolsters the Pound Sterling. The initial resistance level is identified at 1.3550, while the primary support level to monitor is at 1.3410. The GBP/USD pair is experiencing slight upward movement, currently … Read more