The British pound gained ground against the US dollar on Wednesday, extending its recent rebound. This rise was fueled by weak US economic data. A key indicator, the US Services Purchasing Managers' Index (ISM), dipped to a two-year low of 48.8 in...
EUR/USD,H4 However, I expect the markets to remain relatively weak in the coming days for several reasons. Chief among these are Independence Day celebrations in the US. Thursday. Also, Wednesday’s UK parliamentary elections and Friday’s upcoming...
Disappointing US economic data triggered a surge in the euro against the US dollar. This shift reflects growing concerns about the health of the American economy and raises the possibility of accelerated interest rate cuts by the Federal Reserve....
USD/CHF ANALYSIS 04 JULY 2024 After several days before the USDCHF movement continued to rise, finally starting on Wednesday the USDCHF movement has started to fall. The decline can be said to be quite deep because the currency pair was able to...
## Analysis of the GBP/JPY Currency Pair: Current Trends and Future Outlook ### Current Market Situation As of now, the GBP/JPY currency pair is trading around the 205.76 level. The market has exhibited a bearish trend recently, characterized by a...