US Dollar and Yen Up, British Pound Down as New Virus Strain Hits London
The anti-risk US Dollar and Japanese Yen rose while the British Pound fell as a new strain of the coronavirus forced London into lockdown. US negotiators agreed on a fiscal…
Read More »USD Price Outlook: US Dollar Braces for Fed Decision, PMI Data
US Dollar veered back toward two-year lows as USD price action weakened against major FX peers like the Pound, Canadian Dollar, Yen and Euro. Volatility may accelerate with PMI data…
Read More »British Pound Jumps as UK, EU Opt to Extend Brexit Negotiations
The British Pound popped upward while the anti-risk US Dollar and Japanese Yen fell as markets cheered news that UK and EU negotiators opted to extend Brexit talks.
Read More »USD Price Outlook: US Dollar Bears Attempt Another Push
US Dollar selling pressure resumed on Thursday as USD price action pivoted toward week-to-date lows, but a weaker Pound Sterling helped alleviate some of the downside notched by the DXY…
Read More »Japanese Yen May Fall on GSA Joe Biden Transition, GBP/USD Eyes Resistance
The Japanese Yen may fall after S&P 500 futures rose on the GSA saying it is ready to work with Joe Biden on the transition process. GBP/USD is eyeing resistance…
Read More »Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks
Rotation-trade dynamics was this past week's focus as the Dow Jones outperformed the Nasdaq. Will this continue? Gold prices tumbled as crude oil gained ahead of an OPEC+ meeting. The…
Read More »GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest
GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.
Read More »GBP/USD remains steady above 1.2900 despite hard-Brexit speculation
The sterling has shown resilience on Friday and managed to trim previous losses against the US dollar despite UK PM Boris Johnson’s plea to prepare fo
Read More »GBP/USD Price Analysis: Eases from 50% Fibonacci retracement to attack 1.3050
GBP/USD drops to 1.3045, down 0.12% intraday, as markets in Tokyo open for trading on Tuesday. In doing so, the pair justifies its U-turn from the 50%
Read More »GBP/USD Price Analysis: Bulls eye key resistance confluence above 1.2900 amid Brexit optimism
GBP/USD remains positive while rising to 1.2875, up 0.31% on a day, during Tuesday’s Asian session. The Cable recently benefited from news shared by T
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