GBP/USD Price Forecast: Begins September with minimal gains
The GBP/USD begins September on a slight positive tone and trades at 1.3152, up by over 0.20% during the North American session. The session is expected to be light as US financial markets remain closed in observance of Labor Day. Read More...
Pound Sterling holds steady above support ahead of volatile week
The British Pound (GBP) holds on to marginal gains during the European trading session on Monday, with US markets closed in observance of Labor Day. This means very slim volumes, even thinner than on a typical Monday. However, the UK market already had to digest the S&P Global/CIPS Purchasing Managers Index (PMI) for the manufacturing sector this morning, which fell in line as expected at 52.5. Read More...
GBP/USD advances toward 1.3150 due to risk-on mood
GBP/USD halts its three-day losing streak, trading around 1.3140 during the Asian hours on Monday. The US Dollar (USD) faces challenges due to improved market optimism amid rising dovish expectations surrounding the US Federal Reserve (Fed). Read More...
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EUR/USD holds losses near 1.1050 amid USD demand, dismal EU Sentix
EUR/USD is holding lower ground near 1.1050 in the European session on Monday. Renewed US Dollar buying, amid a cautious market mood, and dismal Eurozone Sentix Investor Confidence Index exert downward pressure on the pair. A potential ECB rate cut this week also keeps the pair on the back foot.
GBP/USD remains pressured near 1.3100 amid cautious mood
GBP/USD extends its downbeat momentum below 1.3100 in European trading on Monday. The pair is weighed down by resurgent demand for the US Dollar, as traders stay cautious due to US slowdown concerns, ahead of the key inflation data later this week.
Gold price remains depressed below $2,500 amid stronger USD, downside seems limited
Gold price (XAU/USD) attracts some sellers for the second straight day on Monday and lanugishes below the $2,500 psychological mark through the Asian session.
Bitcoin risks further decline below $54,000
Bitcoin hovers around the $54,000 support level; a firm close below would suggest a decline ahead while Ethereum and Ripple prices approach their key resistance levels; rejection would suggest continuing the downward trend.
Week ahead: ECB poised to cut again, US CPI to get final say on size of Fed cut
ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC. UK monthly data flurry begins with employment and GDP numbers.
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