GBP/USD D1 chart The British pound found itself in a curious position on Friday. Despite positive retail sales data and a PMI report indicating continued economic growth, the pound remained lower against most US currencies, with the exception of...
Fundamental Analysis Tuesday's Asian session sees the gold price (XAU/USD) draw in new sellers, reversing the previous day's upward trend and approaching the crucial barrier of the 50-day Simple Moving Average (SMA). The US dollar (USD) obtains some...
USD/JPY/D1 The USD/JPY pair is currently navigating through a complex interplay of bullish and descending channels, reflecting mixed market sentiments. Despite this duality, recent technical indicators suggest a short-term uptrend. The USD/JPY is...
GBP/ USD currency brace analysis The GBP/ USD brace has been floundering to break through a significant resistance position in the1.2693-1.2737 range. This resistance position has proven redoubtable, as the bulls have tested it multiple times...
The release of US ISM construction data sent the dollar index lower and the euro slightly stronger but the movement was short-lived The dollar index and euro could trade in the range of 106.50-105/104 and 1.0650-1.0750/08 for some time. The...