GBP/USD Price Stalls as Buyers Fear US Prelim GDP Data
The GBP/USD pair maintains a bullish bias as long as it is above the midline. He could only test and retest support levels before turning to the upside. US economic…
Bulls Hit 4-Month Top Despite Low CPI
In October, there was a drop in inflation in Australia. Australians have benefited from a weakening greenback. Financial markets expect the RBA to keep rates unchanged in December. In Wednesday's…
Dollar Hits 3-Month Low on Dovish Fed
The Fed's Waller suggested the possibility of rate cuts in the coming months. The dollar fell more than 0.5% to 146.675 yen, its weakest point in more than two months.…
US Dollar Plunges to 3-Month Low
The Federal Reserve could start cutting interest rates by the first half of next year. The euro strengthened by around 3.4%, which is its most significant monthly growth of the…
Pound Poised for a Remarkable Monthly Close
Investors expect a quick transition to a rate cut in the US in 2024. Sterling is up almost 4% against the dollar this month. On Monday, Sunak revealed 29.5 billion…
EUR/USD Price Signals Buyers’ Exhaustion Near 1.0960
The bias remains bullish as the dollar index is bearish. A new higher high activates further growth. US CB consumer confidence should be decisive. EUR/USD is trading in the green…
Gold Price Stalls at $2,018, Eying US New Home Sales Data
The bias remains bullish as long as it is above the 150% line. A new higher high activates further growth. US data could trigger action on KSAU/USD. The price of…
Pound Extends Gains to a Two-Month High
British companies reported unexpected growth in November. The dollar is headed for a monthly loss of over 3%. Market prices indicate a 23% chance that the Fed will cut rates…
Euro Holds Firm after Friday’s Surge
A modest increase in the activity of the service sector neutralized the contraction in production. The dollar is set for its weakest monthly performance of the year. The data confirmed…
Fed’s Pause Leads Dollar Down
There was optimism that the hiking cycle of the Federal Reserve was over. The data revealed a larger-than-expected drop in the number of Americans filing new jobless claims. Minutes from…
