Are you unsure about the US dollar's future amidst interest rate cuts and geopolitical tensions? In this video, we break down how to navigate the uncertainty by focusing on key levels in the market. Instead of getting caught up in endless speculation, we let price action guide our trading decisions. Watch as we analyse the US Dollar Index and discuss how to identify trading opportunities based on market behaviour.
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GBP/USD trades deep in red near 1.3100 after Bailey's dovish remarks
GBP/USD loses more than 1% on the day and trades at around 1.3100. The pair bears the brunt of the dovish comments from BoE Governor Andrew Bailey, who said that the central bank could become 'more activist' on rate cuts if inflation eases.
Gold fluctuates in a narrow range near $2,650
Gold oscillates in a tight range at around $2,650 after bets fade that the Fed will continue slashing interest rates aggressively. Support for Gold comes from increasing geopolitical risks and lower interest rates globally.
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RBA widely expected to keep key interest rate unchanged amid persisting price pressures
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