GBP/USD
On Tuesday, the GBP/USD exchange rate dropped below the weekly S2 at 1.3007.
From the one hand, it is likely that some downside potential could continue to prevail in the market. In this case the currency pair could face the support level formed by the weekly S3 and the monthly S2 at 1.2835.
Meanwhile, it is unlikely that bulls could prevail in the market in the nearest future, and the exchange rate could exceed the 1.3100 area due to the resistance formed by the weekly and monthly S1s, as well the 55-hour SMA.
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.
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EUR/USD breaks below 1.0400 due to renewed US-EU trade tensions
EUR/USD continues its decline for the third consecutive day, trading near 1.0390 during the early Friday. The pair weakens as the risk-sensitive Euro faces selling pressure amid heightened risk aversion following renewed US-EU trade tensions.
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Bitcoin, Ethereum, and Ripple continue to sell off
Bitcoin price continues declining on Friday after falling more than 15% this week. Ethereum and Ripple followed BTC’s footsteps and declined by nearly 24% and 21%, respectively.
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GBP/USD holds below 1.2600 as US PCE inflation data looms
The GBP/USD pair extends its downside to near 1.2580 during the early European session on Friday. Tariff uncertainty from US President Donald Trump undermines the Pound Sterling against the US Dollar.
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Gold price remains depressed near two-week low amid modest USD strength
Gold price attracts sellers for the second straight day amid a broadly stronger USD. The risk-off mood and sliding US bond yields do little to support the precious metal. Traders now look forward to the US PCE Price Index for some meaningful impetus.
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February inflation: Sharp drop expected in France, stability in the rest of the Eurozone
Inflation has probably eased in February, particularly in France due to the marked cut in the regulated electricity price. However, this overall movement masks divergent trends. Although disinflation is becoming more widespread, prices continue to rise rapidly in services, in France as well as elsewhere in the Eurozone.
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