The pair remains in focus as investors weigh the policy divergence between the Bank of Canada (BoC) and the Federal Reserve (Fed). Expectations that the BoC will pursue a more aggressive rate-cutting cycle than the Fed could help limit the downside...
February 7, 2025 The Pound Sterling (GBP) registered gains versus the US Dollar (USD) on Friday following a softer-than-expected US Nonfarm Payrolls report. The GBP/USD seesawed within a 1.2418 – 1.2491 range and traded at 1.2451, up 0.15%. The...
GBP/USD Technical Analysis Daily Timeframe (D1) Analysis On the D1 timeframe, GBP/USD is currently trading around 1.24050, showing price fluctuation near important support and resistance levels. The market structure suggests consolidation as buyers...
The AUD/USD currency pair, representing the exchange rate between the Australian Dollar (AUD) and the U.S. Dollar (USD), has recently experienced notable fluctuations influenced by various economic indicators and market dynamics. As of February 7,...
The Euro’s bullish momentum faces challenges as market participants widely anticipate a series of rate cuts from the European Central Bank (ECB). Current projections indicate a 25-basis point (bps) reduction in each of the next four policy meetings,...
