GBP/USD Technical Analysis Investor confidence that price pressures will settle close to the target rate will rise in response to the anticipated drop in UK inflation. This will increase anticipations of an early Bank of England (BoE) rate decrease....
Analyzing the daily chart of the GBP/USD currency pair, we can see that the pair is in an uptrend phase, and the bulls are already attempting to break through the upper boundary of the daily TMA indicator, which will eventually lead to a shift from...
GOLD MARKET ANALYSIS Spot gold climbed 1.3% to $2,332.55 an ounce on Friday (June 14). Signs of slowing inflation in the United States have raised hopes for a rate cut later this year, and a sharp drop in European stocks last Friday also supported...
The Australian dollar is stable on Monday. In the European session, AUD/USD is trading at 0.6605, down 0.14% on the day. Last week the Australian dollar rose as much as 1.8% but most of those gains were trimmed. The RBA was expected to hold rates...
The price test of 157.55 occurred at a time when the MACD indicator was just starting to move down from the zero mark, which confirmed the entry point to sell the dollar. As a result, the USD/JPY pair was down 50 pips. Last week's data and the Bank...