Expectations surrounding the Bank of England’s (BoE) monetary policy decisions are weighing heavily on the British pound (GBP). Recent comments from BoE Governor Andrew Bailey suggested that the central bank could become more aggressive in cutting...
Technical analysis AUD/USD D-1 Currency pair AUDUSD - Chart D1. The wave structure forms a downward trend. The MACD indicator drops into the lower sales zone and below its signal line. Before and after the US presidential election, there were quite...
The EUR/USD currency pair continued its downward trend on Wednesday, reaching a new 54-week low and settling around the 1.0550 level. This decline is primarily driven by the strength of the US Dollar, which has been gaining momentum due to various...
The GBP/USD currency pair experienced further declines on Wednesday, breaking below the crucial 200-day Exponential Moving Average (EMA) and extending its losing streak to four consecutive sessions. The release of US Consumer Price Index (CPI) data,...
The EUR/USD pair continues to face downward pressure, with bearish sentiment dominating the market. Traders are closely watching several key economic indicators, including the University of Michigan's 5-year Consumer Inflation Expectations and the...
