Cable hit new four-month high in European trading on Thursday, lifted by better than expected UK May GDP numbers, which poured cold water on expectations for BoE rate cut next month. Fresh strength broke through Read more…
The British pound has extended its gains on Thursday. GBP/USD is trading at 1.2876 in the European session, up 0.22% on the day. UK GDP beats expectations The sun is shining in London today and Read more…
Check back for updates throughout the trading day U.S. equity futures slipped lower Thursday, potentially testing the longest winning streak for the S&P 500 in three years, as investors braced for a key inflation reading Read more…
USD/CAD has been range-bound, reflecting US Dollar Index consolidation and potential rate differential between Canada and the US. Canada’s volatile inflation and struggling labor market increase pressure on the Bank of Canada (BoC). USD/CAD is Read more…
Market picture It seems that all the market bulls have moved on to US and Japanese equities, avoiding cryptocurrencies. The cryptocurrency market failed to break out of its consolidation, and its capitalisation rolled back 1.3% Read more…
The USD/JPY pair has risen to 161.65, with the market cautious ahead of today’s US consumer price index release. Despite this, the yen remains weakened by the significant interest rate differential between the Bank of Read more…
AUDUSD breaks decisively above sideways pattern The price jumps to its highest since January 2024 Oscillators are flagging overbought conditions AUDUSD had been trading in a neutral range for more than two months, unable to adopt a Read more…
The major currency pairs are in a holding pattern following the release of the latest US labour market data and Jerome Powell’s testimony before Congress. The Fed Chair noted that the Federal Reserve has made Read more…
EUR/USD is climbing higher above the 1.0800 level. USD/JPY surged above the 160.00 and 161.40 resistance levels. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a decent increase above the 1.0780 pivot Read more…
Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY’s rally resumed and hits as high as 208.08 so far. Intraday bias is now on the upside for 138.2% projection of 191.34 to 200.72 from Read more…