GBP/USD Price Analysis: Bears in charge as ‘shooting star’ looms
The Pound Sterling holds to gains versus the US Dollar yet retraced from three-week highs reached at 1.2634 following a softer than expected US Nonfarm Payrolls report. However, buyers lacked the strength to keep prices above 1.2600, opening the door for a test of the 200-day moving average (DMA). The GBP/USD trades at 1.2541, down by 0.06%. Read More...
Pound Sterling retreats as higher US Services Price Paid renewes persistent inflation fears
The Pound Sterling (GBP) reverses gains after rallying to the round-level resistance of 1.2600 against the US Dollar (USD) in Friday’s early New York session. The GBP/USD pair falls as the US Dollar recovers losses recorded after the release of the United States Nonfarm Payrolls (NFP) report for April, which showed that labor demand was weak and wage growth slowed more than expected. Read More...
GBP/USD Price Analysis: Moves above 1.2550 to test the channel’s upper boundary
GBP/USD extends its gains for the third successive session on Friday, trading around 1.2550 during the Asian session. The pair consolidates within the descending channel on a daily chart, with the 14-day Relative Strength Index (RSI) moving above the 50-level. indicating the weakening of a bearish bias. Read More...
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EUR/USD holds above 1.0400 in quiet trading
EUR/USD trades in positive territory above 1.0400 in the American session on Friday. The absence of fundamental drivers and thin trading conditions on the holiday-shortened week make it difficult for the pair to gather directional momentum.
GBP/USD recovers above 1.2550 following earlier decline
GBP/USD regains its traction and trades above 1.2550 after declining toward 1.2500 earlier in the day. Nevertheless, the cautious market mood limits the pair's upside as trading volumes remain low following the Christmas break.
Gold declines below $2,620, erases weekly gains
Gold edges lower in the second half of the day and trades below $2,620, looking to end the week marginally lower. Although the cautious market mood helps XAU/USD hold its ground, growing expectations for a less-dovish Fed policy outlook caps the pair's upside.
Bitcoin misses Santa rally even as on-chain metrics show signs of price recovery
Bitcoin (BTC) price hovers around $97,000 on Friday, erasing most of the gains from earlier this week, as the largest cryptocurrency missed the so-called Santa Claus rally, the increase in prices prior to and immediately following Christmas Day.
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