GBP/USD advances to fresh weekly top, around mid-1.3100s amid notable USD supply
The GBP/USD pair gains positive traction for the second straight day and recovers further from over a three-week low, around the 1.3000 psychological mark touched on Wednesday. The momentum lifts spot prices to mid-1.3100s, or a fresh weekly top during the Asian session, and it is sponsored by the heavily offered tone surrounding the US Dollar (USD). Read More...
GBP/USD rallies on Thursday as Greenback gives up ground post-US PPI
GBP/USD turned higher on Thursday, rising back above the 1.3100 handle after the Greenback went limp amid a broad-market uptick in risk-on market sentiment. US Producer Price Index (PPI) inflation data wrapped around median market estimates, failing to deliver a concise picture of US price growth factors, but still kept market expectations of an impending Federal Reserve (Fed) rate cut keel-side down. Read More...
GBP/USD Price Forecast: Gains ground on soft US jobs data
The Pound Sterling advanced modestly against the US Dollar on Thursday after economic data showed that factory inflation in the United States (US) was a tick higher than foreseen. That and a softer US jobs report weighed on the buck. The GBP/USD trades at 1.3078 after hitting a daily low of 1.3031. Read More...
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EUR/USD holds steady below 1.1100, awaits US data for fresh impetus
EUR/USD is trading sideways below 1.1100 in European trading on Friday. The pair consolidates the previous recovery amid sustained US Dollar weakness and a mixed market mood, as traders digest the less dovish ECB policy decision ahead of the US sentiment data.
GBP/USD advances to 1.3150 amid notable USD supply
GBP/USD gains positive traction for the second straight day and trades close to 1.3150 in the European session on Friday. Despite a cautious risk tone, the pair capitalizes on increased bets for an outsized Fed rate cut, which continue to weigh on the US Dollar.
Gold price bulls retain control near all-time peak amid bets for a larger Fed rate cut
Gold price (XAU/USD) sticks to its modest intraday gains heading into the European session on Friday and is currently placed near the $2,565-$2,570 area, or the record high.
Ethereum investors shed holdings following potential SEC admission on ETH's security status
Ethereum (ETH) is up 0.5% on Thursday following speculation that the Securities & Exchange Commission (SEC) confirmed that the top altcoin is not a security. Meanwhile, ETH is experiencing high exchange inflows, indicating rising selling pressure among investors.
European Central Bank widely expected to cut interest rates in September
The European Central Bank is expected to cut key rates by 25 bps at the September policy meeting. ECB President Christine Lagarde’s presser and updated economic forecasts will be closely scrutinized for fresh policy cues.
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