During Wednesday's Asian session, the pair dropped to around 1.3470, impacted by declining crude oil prices, which weakened the commodity-linked Dollar. With no significant economic data, the pair's movement has been primarily influenced by the USD....
Market Analysis for GBPUSD Current Market Conditions According to yesterday's price action, we have observed a downward movement, as previously suggested. The closing candle's position below the lowest average daily price, identified as the MA5/MA10...
The NZD/USD 1-hour chart displays a generally bearish trend, with the price currently trading around 0.62834, showing signs of weakness as it tests critical support levels. From September 24, the pair saw a downward shift, which pushed the price...
The Fed will cut the rate by another 50 bps in 2024 while maintaining the stability of the economy The US economy remains strong, and the Federal Reserve System (Fed) intends to maintain it in this state, Federal Reserve Chairman Jerome Powell said...
GBPUSD Price Action Analysis Our conversation today will delve into the price action analysis of the GBPUSD currency pair. The GBPUSD is under pressure, but the dynamic support of SMA100 on the daily time frame is still holding it back for the time...