Date: 17th December 2024. GBPUSD: Strong UK Data Fuels Expectations of BoE Hawkishness! The significant economic release for the next 24-hours will be the US Retail Sales this afternoon. Analysts expect Retail Sales for the US to rise 0.6% MoM and...
GBP/USD Technical Analysis 1 Hour Chart In the 1-hour timeframe, GBP/USD is exhibiting an upward movement supported by an uptrend line, which is helping the price maintain its bullish momentum. The market structure has now shifted to an uptrend,...
EUR/USD Price Forecast The US Dollar Index (DXY) posts modest gains to around 106.90 against major currencies during the early European session on Tuesday. Traders will keep an eye on the US November Retail Sales, which are due later on Tuesday. The...
Traders are currently facing a delicate balancing act, with both fundamental and technical factors influencing the pair's direction. On the fundamental side, much attention is focused on economic developments and remarks from Bank Governor Andrew...
Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis. The AUD/USD market price fell steadily, helping the price to pull back from the downtrend line. Struggling prices are currently well below the 50-day simple moving average,...
