expectations of a decline between 47 and 70 pips if the price continues to trade below the critical pivot point of 1.2536. This level represents a key resistance zone that has historically acted as a barrier to upward movement, and as long as the...
GBP/USD Price Forecast: Technical outlook GBP/USD falls 0.93%, hitting a session low of 1.2359 after BoE's unexpected rate decision. BoE's dovish stance intensifies with forecasts of significant easing by end of 2025, stirring market reactions....
The Reserve Bank of New Zealand (RBNZ) has been compelled to adopt an aggressive policy-easing approach due to declining inflationary pressures, weakening labor demand, and sluggish business activity. Meanwhile, the U.S. Dollar faces headwinds as...
The Bank of Canada (BoC) is widely expected to implement a 50-basis-point rate cut, bringing its benchmark interest rate down to 3.25%. This dovish policy stance continues to weigh on the Canadian Dollar (CAD), with limited technical indications of...
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