Ahead of Thursday's announcement of the Bank of England's (BoE) monetary policy decision, the GBP stabilizes versus its main peers, with the exception of safe-haven currencies. With an 8-1 vote split, the BoE is likely set to lower interest rates by...
USD/CHF Today: Market Moves, Key Drivers, and What’s Next(February 6,2025) Why Is the Market Stuck? The U.S. dollar remains supported by the Federal Reserve’s cautious stance on rate cuts. Despite earlier speculation that the Fed might ease up,...
XAU/USD Daily Technical Analysis Gold reached a record high of $2881 yesterday, continuing its strong bullish trend. On the daily timeframe, today’s candle opened at $2868 and initially dipped to $2850 before showing signs of stability. On the H1...
Technical analysis of EURGBP Today I picked EUR/GBP for technical analysis and the market price fell one level and is now closer to the trend line, which is helping to push the price higher. After breaking the market resistance level at 0.8354, the...
Technical Analysis: EUR/USD fails to hold above 1.0400 EUR/USD slumps to near 1.0360 as the US Dollar rebounds, with investors turning cautious ahead of Friday’s US NFP data release for January. Chicago Fed President Goolsbee said it is difficult to...
