GBP/USD Daily Chart Analysis
GBPUSD bearish ahead of Fed Interest Rate Decisions The recent performance of GBP/USD paints a picture of downward pressure, with a notable 0.5% decrease and
The Week Ahead-Top Economic Events impacting Currencies and Gold
Dollar Index: The focus is largely on the upcoming Federal Open Market Committee (FOMC) meeting and the Non-Farm Payroll (NFP) data, which are significant for
GBP/USD Daily Chart Analysis
GBPUSD pulls back from recent lows, key data risks include Friday PCE Data As of April 24, 2024, GBP/USD has presented a consolidation pattern above
The Week Ahead-Top Economic Events impacting Currencies and Gold
Dollar Index: The U.S. dollar is experiencing a significant rally, with the Bloomberg Dollar Spot Index registering its biggest weekly gain since September 2022. The
GBP/USD Daily Chart Analysis
GBPUSD consolidating after Stronger than Expected UK Inflation Figures Technical Analysis: GBP/USD closed modestly down at 1.2425, reflecting a contraction within the day’s range of
The Week Ahead-Top Economic Events impacting Currencies and Gold
Dollar Index: Inflation Data:US inflation data came in higher than expected in March, reinforcing expectations that the Federal Reserve will maintain higher interest rates for
GBP/USD Daily Chart Analysis
GBPUSD exhibiting signs of weakness, 1.2540 a key level to test. Technical Analysis: The GBP/USD pair is exhibiting signs of weakness, hovering close to its
The Week Ahead-Top Economic Events impacting Currencies and Gold
Dollar Index: Inflation Data: Investors are awaiting further indications of future U.S. interest rate cuts, with a focus on U.S. core personal consumption expenditure (PCE)
GBP/USD Daily Chart Analysis
GBPUSD heading to retest 1.2574 lows Technical Analysis: The GBP/USD pair is under pressure, trading off by 0.09% and settling at the base of the
The Week Ahead-Top Economic Events impacting Currencies and Gold
Dollar Index: Monetary Policy and Interest Rates: The Federal Reserve’s monetary policy is a significant driver of the dollar’s direction. In 2024, central banks around