Pound Sterling capitalizes on cheerful market mood, US Inflation in focus

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could face strong resistance at 1.2670

GBP/USD closed the first trading day of the week marginally higher but struggled to gather recovery momentum on Tuesday. As trading action turns subdued ahead of Wednesday's key inflation data from the US, the pair could have a difficult time making a decisive move in either direction. Read more...

Pound Sterling capitalizes on cheerful market mood, US Inflation in focus

The Pound Sterling (GBP) moves higher against the US Dollar in Tuesday’s late London session. The GBP/USD pair gains as market mood remains risk-on despite uncertainty ahead of the United States Consumer Price Index (CPI) data for March, which will be published on Wednesday. The economic data will likely provide some clues about when the Federal Reserve (Fed) could start reducing interest rates. Read more...

GBP/USD clings to 1.2650 amid improved risk appetite, awaits US CPI

GBP/USD holds ground in the positive territory, hovering around 1.2650 during the Asian session on Tuesday. The pair gained ground on improved risk appetite ahead of Consumer Price Index data scheduled on Wednesday. Read more...

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FXStreet

EUR/USD remains bid near 1.1650 post-US ADP

Finally some respite for the risk complex see EUR/USD partially recover from the recent steep sell-off, this time hovering around the 1.1650 zone amid decent gains in a context of renewed selling pressure on the US Dollar. However, the duration and extension of this bounce should be put to the test amid the unabated tensions in the Middle East.

GBP/USD meets resistance around 1.3400

In line with its risk-linked peers, GBP/USD stages a modest comeback on Wednesday, although meeting some resistance around the 1.3400 neighbourhood. Cable’s humble recovery comes on the back of the fresh downward bias in the Greenback amid a marginal improvement in the global sentiment and steady geopolitical effervescence.

Gold flirts with $5,200 amid safe haven demand

Gold partially fades Tuesday’s sharp pullback, regaining the $5,200 mark per troy ounce on the back of the resurgence of investors’ demand for the safe-haven space. The precious metal remains well propped up by the deterioration of the geopolitical scenario in the Middle East, while the softer tone in the US Dollar collaborates with the uptick.