Pound Sterling Price News and Forecast: GBP/USD bears engage at a key 61.8% ratio

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GBP/USD Price Analysis: Bears engage at a key 61.8% ratio

GBP/USD has come under pressure to test the 1.1300 level following a resurgence in the US dollar on Wednesday. The US dollar index, DXY, was last seen up near to 1% at 111.21 but it had been as high as 111.735 overnight. US yields rallying has helped to prop up the US dollar as the money markets price out overall optimistic speculation over a Federal Reserve pivot. The yield on the US 10-year note was up a high of 3.78%. Read more...

GBP/USD Forecast: Buyers move to sidelines amid risk aversion

GBP/USD has lost its traction and declined to the 1.1400 area after having advanced toward 1.1500. The souring market mood helps the dollar regather its strength and weighs on the pair ahead of key macroeconomic data releases from the US. The selling pressure surrounding the dollar and the UK government's decision to step back on massive tax cuts fueled GBP/USD's rally earlier in the week. The US Dollar Index (DXY), which tracks the greenback's performance against a basket of six major currencies, lost more than 1% on Tuesday as market participants cheered falling bond yields. Read more...

GBP/USD outlook: Bulls face headwinds at 1.15 zone, looking for fresh signals

Bulls are taking a breather under new highest since Sep 15 as recent rally faced headwinds on approach to 1.1500 barrier. Fundamentals work in favor of pound, as U-turn in government’s plan to cut tax to the highest rate of income boosted the sentiment, while traders expect fresh signals from Fed, after the latest data showed signs of wobbling US economic growth that would prompt the central bank to reduce the pace of tightening, in the fight against high inflation. Read more...

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EUR/USD recovers above 1.1600 as focus shifts to US NFP

EUR/USD recovers ground above 1.1600 in Friday's European trading. The pair's uptick is sponsored by a profit-taking pullback in the US Dollar, as traders reposition ahead of the critical US Nonfarm Payrolls data. Meanwhile, the Middle East conflict and higher oil prices could keep the recovery in check.

GBP/USD rebounds toward 1.3400 in countdown to US NFP

GBP/USD is rebounding toward 1.3400 in the European session on Friday. A modest improvement in risk sentiment and a broad-based US Dollar retreat help the pair recover its weekly losses. The focus now remains on the US NFP data and Middle East headlines for fresh trading incentives.

Gold advances on increased safe-haven demand

Gold price recovers its recent losses from the previous session. The yellow metal advances as the broader precious metals market rebounds on safe-haven demand. However, the yellow metal is on track for its first weekly decline in five weeks as escalating Middle East tensions push oil prices higher, fueling inflation concerns and reducing bets on Federal Reserve rate cuts.

US Nonfarm Payrolls expected to show hiring moderated in February

The United States Bureau of Labor Statistics will release the Nonfarm Payrolls data for February at 13:30 GMT. Volatility around the US Dollar will likely ramp up on the employment report, with investors looking for fresh insights on the US Federal Reserve’s path forward on interest rates, especially after the crisis in the Middle East revived concerns over rising inflation.

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple at risk as US-Iran war extends

Bitcoin, Ethereum, and Ripple trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range.