The GBP/USD currency pair experienced a significant decline on Thursday, retreating from the 1.2700 level. This downward movement was primarily driven by stronger-than-expected US economic data, particularly the producer price index (PPI) and...
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USD/CAD Technical Analysis: Right now, USD/CAD is hovering around 1.3740, with the pair consolidating after some recent ups and downs. On the 4-hour chart, it’s trading above both the 50-day and 200-day EMAs, which keeps the outlook bullish for...
The EUR/USD currency pair continued its downward trend on Thursday, extending its losing streak to five consecutive sessions. The pair fell below the 1.0500 level, primarily driven by the European Central Bank's (ECB) decision to cut interest rates...