On Friday, the spot price showed minimal movement, testing the 1.1200 level before closing near its starting point for the day. The pair had attempted a move towards 1.1200 earlier in the week but faltered as momentum faded. Investor enthusiasm has...
Bitcoin is presently trading beneath a descending trendline, established by linking multiple swing highs from early June to mid-August. This bearish trend hints at a cautious market sentiment. Should Bitcoin drop below the daily support level of...
The pair continued to face pressure, trading around 1.3155 during early Asian trading on Friday. With both the Federal Reserve (Fed) and the Bank of England (BoE) gearing up for their upcoming policy meetings, market sentiment remains cautious. By...
In Friday’s European session, the pair edged up to around 1.3121 against the US Dollar (USD). Despite this slight increase, the pair has struggled to gain traction, reflecting persistent selling pressure on the British currency. Meanwhile, the DXY,...
The EUR/GBP pair is all sst to conclde the week in red for the third straight week. The asset remains on the backfoot as the EURO weaknes, with financial market participants seeming to be confident that the European Central Bank will cut interest...