The GBP/USD pair is trading in negative territory near 1.2400 on Thursday, struggling to regain momentum after the Bank of England (BoE) decided to cut its policy rate by 25 basis points (bps). Despite disappointing US economic data, which helped...
GBP/USD Fundamental Analysis: Today, GBP/USD is showing some volatility as market sentiment shifts around key economic data. The UK’s Services PMI came in slightly stronger than expected, which is a good sign for the economy. However, there’s still...
AUD/USD As of today, the AUD/USD pair is struggling near a five-year low, hovering around 0.6200. The U.S. dollar remains strong, backed by solid economic data and a hawkish Fed, while the Australian dollar faces pressure from both domestic...
Traders are closely watching the upcoming release of the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI), which are expected to play a crucial role in shaping the Federal Reserve’s (Fed) monetary policy outlook. These inflation...
The AUD/USD pair on the H1 timeframe is currently displaying mixed signals, making it challenging to determine the short-term direction with certainty. The price is stabilizing around 0.6284 after a notable recovery from lower levels, which suggests...