GBP/USD Price Forecast: Sterling gains yet fails to clear 1.3000 ahead of US Election
The Pound Sterling trimmed some of last week's losses against the Greenback and registered gains of over 0.46% ahead of a busy economic schedule featuring US Presidential Elections. At the time of writing, the GBP/USD trades at 1.2971 after rebounding off daily lows of 1.2945. Read More...
Pound Sterling rises against US Dollar ahead of Trump-Harris battle, BoE-Fed policy
The Pound Sterling (GBP) gains sharply against the US Dollar (USD) in North American trading hours on Monday but continues to struggle near the psychological resistance of 1.3000. The GBP/USD pair aims for a firm footing above the key support of 1.2900 as the US Dollar plunges ahead of the United States (US) presidential election on Tuesday. Read More...
GBP/USD attracts some buyers above 1.2950, US presidential election looms
The GBP/USD pair jumps to near 1.2970 on the softer Greenback during the Asian trading hours on Monday. The US Dollar (USD) remains under some selling pressure after the weaker US Nonfarm Payrolls (NFP) data for October, which provides some support to the major pair. Read More...
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EUR/USD comes under extra pressure, challenges 1.1300
The selling pressure around EUR/USD now picks up pace and motivates the pair to slip back to the boundaries of the key support at 1.1300 on the back of a firmer US Dollar. Earlier in the day, mixed data emerged from the Eurozone, with Industrial Production rising by 1.1% in February and the ZEW Economic Sentiment index plunging to -18.5 in April.
GBP/USD remains firm above the 1.3200 mark
Following fresh six-month highs around 1.3250, GBP/USD is now facing some mild selling pressure and is receding toward the 1.3230-1.3220 band amid an acceptable recovery in the Greenback. Cable's strong performance, in the meantime, comes amid mixed results from the UK jobs report.
Gold clings to gains just above $3,200
Gold keeps its constructive tone in place on Tuesday, trading just above $3,200 per troy ounce and reversing the pessimism seen at the beginning of the week. Reduced worries about an escalating global trade conflict and a more positive risk environment have capped the gains for XAU/USD so far.
Bitcoin aiming for $95,000 as Global M2 money supply surges
Bitcoin (BTC) price edges higher and trades slightly above $85,500 at the time of writing on Tuesday after recovering nearly 7% the previous week. The rising Global M2 money supply could be a favorable signal for both Gold and Bitcoin.
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