GBP/USD Price Analysis: Dives to near 1.2700 psychological support followed by 14-day EMA
GBP/USD halts its three-day winning streak, trading around 1.2700 psychological level during the Asian session on Monday. The GBP/USD pair seems to face a critical juncture, with the possibility of a break below the psychological level. If this occurs, it could surpass the 14-day Exponential Moving Average (EMA) at 1.2692. Read more...
GBP/USD awaits market cues amidst flag pattern formation
As financial markets embark on a new week, the GBP/USD currency pair finds itself caught in a crucial phase, trading within a short-term flag pattern that signals a potential decisive move on the horizon. This technical setup comes amidst broader market shifts and key economic events such as US inflation and UK GDP and production figures set to unfold this week. Read more...
GBP/USD Forecast: Souring mood could cap Pound Sterling's upside
GBP/USD closed the previous week virtually unchanged on the back of a decisive recovery seen in the late American session on Friday. The pair holds steady at around 1.2700 but the negative shift seen in risk sentiment could make it difficult for Pound Sterling to find demand. Read more...
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AUD/USD flirts with YTD lows near 0.6300 amid pre-Fed market caution
AUD/USD keeps the red, flirting with YTD lows near 0.6300 in the Asian session on Wednesday. A cautious market mood and China's economic woes weigh negatively on the pair even as the US Dollar slips ahead of the Federal Reserve’s monetary policy announcement.
USD/JPY turns south to near 153.50, Fed and BoJ on tap
USD/JPY has come under renewed selling pressure to near 0.6350 in Wednesday's Asian trading. The pair fails to benefit from fading hopes of a BoJ rate hike on Thursday as the US Dollar retreats despite a cautious risk environment. All eyes remain on the Fed outcome ahead of Thursday's BoJ decision.
Gold extends range play around $2,650 as Fed verdict looms
Despite the latest uptick, Gold price remains in a familiar range near $2,650 early Wednesday. Gold price appears to lack bullish commitment in the lead-up to the US Federal Reserve showdown.
Bitcoin, Ethereum and Ripple show signs of short-term correction
Bitcoin price edges slightly down during the Asian session on Wednesday. Ethereum and Ripple followed BTC’s footsteps and declined slightly; all coins’ technical indicators and price action suggest a possible short-term correction on the cards.
DJIA ends Tuesday in the red, sheds roughly 270 points
The Dow Jones Industrial Average shed another 360 points at its lowest on Tuesday as losses accumulate in the key index and begin to gather speed. The S&P 500 and the Nasdaq also closed in the red.
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