GBP/USD: Easing back – Commerzbank

Sandeep Kanihama FXStreet Contributor

Karen Jones, analyst at Commerzbank, suggests that GBP/USD pair is consolidating below the mid-July high at 1.2580 and minor support below the 1.2385 September 9 high is found at the 55 day moving average and the September 12 low at 1.2296/1.2283 and around here we would expect the market to attempt to stabilise.

Key Quotes

“Further minor support sits between the early and mid-August lows at 1.2080/15 and major support lies at the 1.1958 current September low. Further up strong resistance between the seven month resistance line, 200 day ma and the June high at 1.2663/1.2784 remains in sight.”

“A slip through the 1.1958 recent low would put the 1.1491 October 2016 low (according to CQG) on the cards.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

GBP/USD gathers traction, surpasses 1.3300

GBP/USD now advances modestly and manages to reclaim the 1.3300 barrier and beyond on Tuesday. Indeed, Cable regains some composure on the back of the persistent selling interest hurting the Greenback, all ahead of the Fed’s meeting on Wednesday and the BoE’s gathering on Thursday.

EUR/USD picks up pace, flirts with 1.1400

EUR/USD rebounds from earlier multi-week lows and challenges the 1.1400 yardstick, trading with decent gains on Tuesday. Hopes of a more sustainable deal between the US and Iran weighs on the US Dollar, lending extra legs to the risk complex ahead of the key FOMC event on Wednesday.

Gold: The $4,000 zone holds the downside for now

Gold (XAU/USD) maintains its offered on Tuesday and declines toward the $4,000 psychological level. This follows the previous day's failure to find acceptance above the $4,100 mark and suggests that the path of least resistance for the bullion remains to the downside amid a bullish US Dollar (USD), which draws support from escalating geopolitical tensions ahead of the cricital FOMC meeting.

Bitcoin slips below $64,000 as risk-off sentiment grips markets

Bitcoin (BTC) is extending its correction, trading below $64,000 at the time of writing on Tuesday after losses of over 2.5% the previous day. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) recording a mild outflow on Monday, marking three consecutive days of withdrawals.

Indian Rupee outlook: Downtrend set to persist – Just at a slower pace

The Indian Rupee just endured its most brutal six-month stretch in years, battered by a perfect storm of global shocks. From United States (US)-India trade uncertainty to surging Oil prices and the significant outflow of Foreign Institutional Investment (FII) from the Indian stock market, every event brought nothing but pain for the Indian currency.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.