GBP/USD drops below 1.2400 on Trump tariff news
GBP/USD came under renewed bearish pressure and declined to its weakest level since April below 1.2400. At the time of press, the pair was trading at 1.2365, losing 0.9% on the day. Read More...
GBP/USD Price Forecast: Hovers below nine-day EMA near 1.2500
The GBP/USD pair maintains its position after registering losses in the previous session, hovering around 1.2480 during Wednesday's Asian hours. Technical analysis on the daily chart points to a weakening bearish trend, as the pair is trading above the upper boundary of a descending channel pattern. Read More...
GBP/USD snaps two-day win streak as risk appetite stumbles
GBP/USD caught a mild bid early on Tuesday before turning south once again and shedding roughly one-third of one percent to end the day on the low side of the 1.2500 handle. Cable bidders continue to struggle to find reasons to hit the bids as a technical recovery falters after a tepid two-day bull run from 9-month lows near 1.2350. Read More...
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GBP/USD tumbles to 14-month lows near 1.2250
GBP/USD accelerates its decline and hits the lowest level in over a year near 1.2250 in European trading on Thursday. The pair feels the heat from the UK bond market sell-off, with the 10-year Gilt yields at the highest since August 2008. Extended US Dollar strength and a bearish daily technical setup exaerbates the pain.
EUR/USD holds losses near 1.0300 ahead of Eurozone Retail Sales data
EUR/USD trades with mild losses for the third consecutive day at around 1.0300 in the European session on Thursday. Encouraging German Industrial Production data for November fail to lift the Euro amid a sustained US Dollar demand. Eurozone Retail Sales and Fedspeak are next in focus.
Gold price moves back closer to multi-week top; modest USD strength might cap gains
Gold price turns positive for the third straight day and draws support from a combination of factors. Geopolitical risks, trade war fears and retreating US bond yields lend support to the XAU/USD pair.
BNB poised for a decline on negative Funding Rate
BNB price hovers around $696.40 on Thursday after declining 4.58% in the previous two days. BNB’s momentum indicators hint for a further decline as its Relative Strength Index and Moving Average Convergence Divergence show bearish signals.
Bitcoin edges below $96,000, wiping over leveraged traders
Bitcoin's price continues to edge lower, trading below the $96,000 level on Wednesday after declining more than 5% the previous day. The recent price decline has triggered a wave of liquidations across the crypto market, resulting in $694.11 million in total liquidations in the last 24 hours.
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