The British pound (GBP) experienced a reversal against the US dollar (USD) on Friday, relinquishing its earlier gains and turning negative after reaching a two-month high near 1.2680 during the North American trading session. This shift in momentum...
GBP/USD Technical Analysis H-4 Chart The relative strength index (RSI) indicator on the 4-hour chart rose towards 60 after falling to the 50 area on Wednesday, suggesting that technical buyers remain interested. On the upside, 1.2650 (78.6%...
Deputy Governor of the People’s Bank of China (PBOC), reaffirmed the central bank’s commitment to maintaining the Yuan at a stable and balanced level. He highlighted plans to strengthen counter-cyclical policy adjustments and mitigate excessive...
I observe that the US dollar struggled to hold its ground against the yen, which has once again influenced the direction of all yen pairs, including USD/JPY. I note that the pair finished trading close to its previous low, which was a level many...
The EUR/USD pair experienced a decline during Friday's North American trading session, falling to approximately 1.0460. This downward movement was largely attributed to the release of the preliminary Hamburg Commerzbank (HCOB) Purchasing Managers'...
