GBP/USD’s bullish momentum has cooled off slightly in recent trade, with the pair unable to break above 1.3750 or hold to the north of its 200-day mov
Traders and analysts have put the recent weakness down to a squeeze on the market’s (up until very recently) very crowded long-dollar positioning. Notably, recent weakness has seemingly gone against the fundamentals. Recent rhetoric fromFedmembers and last week’s minutes have markets betting on as many as four rate hikes from the bank this year, with recent inflation and employment data supporting the outlook for tightening. As a result, once the “weak hands” are flushed out and positioning has reverted somewhat back to normality, some are calling for the DXY to find support in the mid-94.00s and then rebound later in the year to reflect the hawkish Fed/strong US economy combination.Read more: FXStreet News »
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GBP/USD Forex Signal: More Upside Amid Fed and BOE ConvergenAmerican and British bond yields have been in a bullish trend in the past few weeks as investors anticipate more tightening by the Fed and Bank of England.
USD/JPY Technical Analysis: Awaiting Powell TestimonyFor four trading sessions in a row, the price of the USDJPY currency pair is moving amid profit-taking sales towards the 115.05 support level.
USD/CHF slides to near two-week low, 0.9100 mark back in sight amid sustained USD sellingUSD/CHF slides to near two-week low, 0.9100 mark back in sight amid sustained USD selling By HareshMenghani USDCHF CPI Fed RiskAppetite Currencies
EUR/USD bulls capitalizing on USD weakness, yields lower on Fed's PowellEUR/USD is firm on the day and higher by some 0.35% at the time of writing. The greenback is suffering a phase of disinterest in what might be an over
GBP/USD Forex Signal: Sterling Set for More GainsThe GBP/USD pair held steady on Thursday morning as investors reacted to the latest American consumer inflation data.
Fed chair and US senator agree on core principles — and limits — for a potential digital dollarSenator Pat Toomey is adamant on establishing limits on a potential central bank digital currency, though he has not yet ruled out supporting one. - 3 days to Metamars Protocol Airdrop launch! Follow us to keep updated!🚀