Federal Reserve (Fed) Chairman Jerome Powell has aligned with policymakers who see the need for another rate cut, although no such action was taken. Powell emphasized that the U.S. economy and labor market remain resilient, reinforcing the Fed’s...
GBP/USD Fundamental Analysis: Today, GBP/USD is showing some volatility as market sentiment shifts around key economic data. The UK’s Services PMI came in slightly stronger than expected, which is a good sign for the economy. However, there’s still...
February 6, 2025 The USD/JPY is currently trading at 151.428, with key support at 154.617 and resistance at 155.084. The market sentiment appears balanced, with a notable pivot level that could influence future movements. Technical Analysis: Moving...
AUD/USD As of today, the AUD/USD pair is struggling near a five-year low, hovering around 0.6200. The U.S. dollar remains strong, backed by solid economic data and a hawkish Fed, while the Australian dollar faces pressure from both domestic...
The GBP/USD pair is trading in negative territory near 1.2400 on Thursday, struggling to regain momentum after the Bank of England (BoE) decided to cut its policy rate by 25 basis points (bps). Despite disappointing US economic data, which helped...
