GBP/USD sticks to modest gains around mid-1.3100s, below weekly top set on Wednesday
The GBP/USD pair trades with a positive bias around mid-1.3100s during the Asian session on Thursday, albeit it lacks strong follow-through buying and remains below the weekly top touched the previous day. Read More...
GBP/USD bounced but remains trapped within near-term congestion
GBP/USD caught a bounce on broad-market risk flows pushing down the Greenback, keeping Cable bid on the north side of the 1.3100 handle on Wednesday. Despite a pivot in risk appetite, GBP bidders were unable to push price action into new territory, and the pair remains hobbled within recent levels. Read More...
GBP/USD Price Forecast: Rises as US data fuels rate cut speculation
The Pound Sterling enjoys a good rebound off the weekly low of 1.3087 and rises in early trading on Wednesday during the North American session, climbing over 0.22% against the Greenback. Soft US jobs data increased the odds of a 50-basis points rate cut by the Federal Reserve and underpinned the GBP/USD higher, trading at 1.3163. Read More...
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EUR/USD stays defensive below 1.1100 ahead of key US data
EUR/USD is trading on the back foot below 1.1100 in the European morning on Thursday. The pair struggles amid cautious markets even as the US Dollar maintains its bearish streak heading into the key US labor market data.
GBP/USD sticks to modest gains near 1.3150, US data eyed
GBP/USD trades with a slight positive bias near 1.3150 in European trading on Thursday, albeit it lacks strong follow-through buying, as traders turn cautious ahead of the top-tier US jobs data. Broad US Dollar weakness helps the pair stay afloat.
Gold bides time before retesting record highs, as US jobs data loom
Gold price is gathering pace to yield a sustained move above the $2,500 threshold in the Asian session on Thursday, as traders turn their focus to the key US ADP Employment Change data and the ISM Services PMI due later in the day.
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