GBP/USD Price Forecast: Inches higher, yet struggles at 1.2785
The Pound Sterling continued to register gains on Friday yet found some resistance at 1.2773, shy of hitting the 50-day moving average (DMA) at 1.2785, which, if cleared, could pave the way for further upside. However, the GBP/USD retreats somewhat and registers modest gains of 0.11%, trading at 1.2760. Read More...
GBP/USD Price Forecast: Gives up intraday gains amid cautious mood
The GBP/USD pair surrenders its intraday gains and falls back to near 1.2730 in Friday’s New York session. The Cable comes under pressure amid cautious market mood. The S&P 500 opens with some losses, exhibiting that the risk-appetite of investors is weak. Read More...
GBP/USD rises toward 1.2800 due to rising odds of a Fed rate cut in September
GBP/USD trades around 1.2770 during the early European hours, appreciating for the second successive day on Friday. This upside of the GBP/USD pair could be attributed to the rising expectations of the US Federal Reserve (Fed) implementing a rate cut in September. Read More...
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EUR/USD fluctuates above 1.0900 as volatility subsides
EUR/USD continues to trade in a narrow channel above 1.0900 in the American session on Friday. Major equity indexes recover from opening lows, limiting the US Dollar's gains and allowing the pair to hold its ground heading into the weekend.
GBP/USD recovers to 1.2750 area as USD struggles to gather strength
GBP/USD regains its traction and trades near 1.2750 following an earlier decline. As the market mood remains cautious ahead of the weekend, however, the pair struggles to gather further bullish momentum and remains on track to post weekly losses.
Gold climbs to $2,430 area as US yields push lower
Following a quiet European session, Gold (XAU/USD) gains traction in the American session and trades near$2,430. The benchmark 10-year US Treasury bond yield is down more than 1% on the day below 3.95%, helping XAU/USD push higher.
Bitcoin could decline following retest of key resistance level
Bitcoin's price retests the key resistance zone at $62,066, and rejection may continue to drive its downtrend. Ethereum's price experiences a brief rise before a potential downtrend continues.
Week ahead – US CPI to test market nerves, RBNZ might cut rates
The panic about the US economy being on the verge of a recession has mostly eased but markets remain jittery. Investors see a real risk that the Fed’s delay in cutting rates has made a downturn inevitable.