The U.S. dollar remains under significant pressure following the Federal Reserve's decision to lower interest rates by a half point, but this is not the only problem on the Forex market. As anticipated, the Fed's unprecedented 0.50% rate cut has...
On the hourly chart, the GBP/USD pair continued its upward movement on Thursday, consolidating above the 161.8% corrective level at 1.3259. This suggests that the pound's rise could continue toward the next targets at 1.3357 and 1.3425. The bears...
Important Points for GBPUSD: The market is trading at the 1.3276 level and the bullish concept is becoming strong today. Because the US dollar got weakness this week. For instance, traders who are long on the USD such as betting that the dollar will...
M-1 Chart Technical Outlook USD/CHF The USD/CHF pair, after rising to the 0.8514 level yesterday, fell to the 0.8448 level, from where it tried to reach higher, but the 0.8505 level sustained the advance and led to a reversal to the downside. Which...
GBP/USD Price Activity Study As expected, the Bank of England (BOE) said on Thursday it would keep its interest rate unchanged after its September meeting. Notably, one lawmaker backed a 25 basis point rate cut. BoE Governor Andrew Bailey expressed...
