In the immediate term, assuming sellers maintain control, the next support level is the November low of 0.6440 (November 14), followed by the 2024 bottom of 0.6347 On the upside, initial resistance is at the 200-day SMA of 0.6628, before reaching...
The Pound Sterling dug in its heels and recovered a meager 0.5% on Monday, but cumulative losses still see Cable mired in bear country south of the 200-day Exponential Moving Average (EMA) near 1.2850.GBP/USD tapped multi-month lows at the 1.2600...
Donald Trump boosts currency options trading Remarkably, currency options trading picked up steam in light of Donald Trump's victory. Bloomberg reported that trading in currency options reached record levels following the election of the Republican...
The euro staged a significant rebound against the US dollar on Monday, gaining nearly two-thirds of its value. This upward trend was fueled by a market-wide easing of the US dollar's dominance, providing an opportunity for the euro to regain...
The GBP/USD currency pair experienced a significant rebound on Monday, gaining 0.5% and snapping a six-day losing streak. This bullish recovery halted the recent downward trend and pushed the pair closer to the 1.2700 level. While the pound itself...
