GBP/USD tops 1.2700 ahead of UK retail sales, BOE

GBP/USD has extended its gains above 1.2700 after the Fed opened the door to rate cuts. UK retail sales, the Bank of England's decision, and two more rounds of the Conservative contest await traders.



Valeria Bednarik
Yohay Elam

BOE Live Coverage - Today at 10:45 GMT

Is Carney concerned about UK growth? And does he still assume a smooth Brexit? The BOE is set to leave rates unchanged but its comments may certainly rock the pound. Join us here!

EUR/USD extends its gains toward 1.1300 after the dovish Fed decision

EUR/USD has extended its gains after the Fed opened the door to cutting interest rates, stating that uncertainties have increased. Markets are awaiting EU leaders to divvy up top jobs.


FOMC: Prelude to a rate cut?

The Federal Reserve added little new to its policy prescript in Wednesday’s FOMC statement and economic projections and with the anticipation for a July rate cut long priced into market levels the reaction was decidedly uninvolved.

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Gold: Bulls target 2014 top, overbought RSI doubts the rise

With the global risk-aversion wave fueling Gold prices to the highest since March 2014, the yellow metal aims for that year top during additional upside. However, overbought RSI can trigger the pullback moves.

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Chris Svorcik Swat Course

Cryptocurrency market update: Bitcoin hovers at $9,300, altcoins range-bound with bullish bias

The market is in recovery mode as Bitcoin and all major altcoins have gained some ground in recent 24 hours. The total market capitalization increased slightly to $289 billion; an average daily trading volume reduced to $50 billion.

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Only 13% of Brits have digital assets - Survey

The London-based cryptocurrency exchange surveyed over one thousand respondents in the UK and learned that only 13% of British citizens hold digital assets.

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Bitcoin price prediction: Bulls aim to break past $9,335 resistance level

BTC/USD is currently trading for $9,295 in the early hours of Thursday, following a bullish Wednesday. The bulls took the price up from $9,078.35 to $9,265 over this Wednesday. Before that, BTC/USD enjoyed six straight bullish days from June 12th to June 17th.

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Monero price analysis: XMR/USD crosses $100 for the first time since November 2018.

Monero bulls had a field day this Wednesday as the XMR/USD crossed $100 for the first time since November 2018. The bulls started Wednesday strong by taking the price up from $96.60 to $100.80 where they met some stiff resistance. 

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GBP/USD Intraday: Look for 1.2730

GBP/USD Forecast: Three events may end Fed-fueled rally

USD/JPY Outlook: Breach of key supports after dovish Fed may spark further weakness

AUD/USD Intraday: Bullish bias above 0.6880

Valeria Bednarik

Better-than-expected US data gave the greenback a lift at the end of the week

The EUR/USD pair started the week losing the positive momentum triggered by a dismal US Nonfarm Payroll report Friday, retreating from the fresh over two-month high of 1.1347. A tweet from US President Trump over the weekend, indicating that the country and Mexico reached a deal and that he would not apply tariffs to Mexican imports, brought some relief to the financial world and the greenback.

Yohay Elam

EUR/USD has enjoyed the dovish decision by the Federal Reserve and is already eyeing the next levels. Where next for the world's most popular currency pair?

The Technical Confluences Indicator shows that EUR/USD has broken above a dense cluster of lines at 1.1258 which now serves as support. This includes the Bollinger Band 15min-Lower, the previous daily high, the Pivot Point one-month R1, the BB 4h-Upper, the Fibonacci 38.2% one-week, and the PP 1d-R1.

This line may serve as a springboard to move up. Weak resistance awaits at 1.1293 where the Fibonacci 61.8% one-week awaits the pair.

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