GBP/USD Price Analysis: Trades with a positive bias around 1.2600 ahead of UK CPI
GBP/USD edges higher on Wednesday, though the uptick lacks strong bullish conviction. Traders opt to wait on the sidelines ahead of the UK CPI report amid a bullish US Dollar.…
US CPI data Preview: Inflation is set to fall in January, but by how much?
The US Consumer Price Index is set to rise 3% YoY in January, down from December’s 3.4% increase. Annual Core CPI inflation is expected to edge lower to 3.8% in…
Australian Dollar strengthens on risk-on sentiment amid a weaker US Dollar
Australian Dollar gains ground on risk-on sentiment ahead of US CPI data. Australian money market moves lower on Monday despite a record surge in US markets on Friday. China markets…
Pound Sterling retreats as hopes of rate cuts from BoE escalate
Pound Sterling fails to hold gains inspired by upbeat S&P Global Services PMI data. The UK economy is on the brink of a technical recession. BoE’s Pill signals that policymakers…
EUR/USD flirts with two-month low, remains vulnerable while below 100-day SMA
EUR/USD turns lower for the third straight day and seems vulnerable to slide further. Expectations that the ECB will start cutting rates in April continue to undermine the Euro. Hopes…
USD/CAD stretches lower to near 1.3530 on improved Crude oil prices
USD/CAD moves lower on a subdued US Dollar. The decline in the US bond yields has weakened the Greenback. The higher WTI price is supporting the Canadian Dollar. USD/CAD retraces…
EUR/USD Price Analysis: Holds below 1.0800 ahead of German, Eurozone Services PMI data
EUR/USD attracts some sellers around 1.0780 on the firmer USD. The pair keeps the bearish outlook unchanged below the key EMA; RSI indicator remains below the 50 midlines. The immediate…
GBP/USD Price Analysis: Pauses the post-BoE rally near mid-1.2700s ahead of US NFP
GBP/USD is seen consolidating the Thursday’s post-BoE recovery from over a two-week low. The technical setup seems tilted in favour of bulls and supports prospects for additional gains. Bulls, however,…
Japanese Yen remains on the front foot against USD, lacks follow-through buying
The Japanese Yen builds on the overnight gains against the USD amid geopolitical risks. Hopes for an imminent shift in the BoJ’s policy stance further lend support to the JPY.…
Pound Sterling recovers on improved market mood, US Core PCE Inflation in focus
Pound Sterling rebounds as market mood improves ahead of US core PCE price index data. High UK inflation would allow BoE policymakers to maintain a hawkish tone on interest rates.…
