GBP/USD falls under 1.3800 to one-week lows
Pound weakens near the end of the week amid risk aversion. GBP/USD could post the lowest weekly close since April. The recovery of GBP/USD was short-lived and after reaching 1.3865, it turned to the downside. Recently broke under European session lows and fell to 1.3771, hitting the lowest level since July 9. It remains under 1.3800, on its way toward the lowest weekly close since April. Read more...
GBP/USD Weekly Forecast: Delta set to dominate after Powell pummels dollar
GBP/USD rocked on rolled in response to high inflation and dismissive responses from central banks. Covid headlines, the UK reopening and US infrastructure talks stand out. Mid-July's daily chart is painting a mixed picture. The FX Poll is pointing to short-term falls before a recovery afterward. Is inflation transitory or not? There is no doubt that prices are rising fast, but the interpretation of the data by the all-powerful Fed is no less important. Rising Delta COVID-19 cases on both sides of the pond are set to gain more importance and so are US infrastructure talks. Read more...
GBP/USD Forecast: Selling opportunity? Risk-off mood could send sterling back down
Pinging hell – Hundreds of thousands of Brits have received notifications saying "You need to self-isolate" due to exposure to someone tested positive for COVID-19. While some of these warnings may have been caused by Bluetooth signals passing through neighbors' walls, the increase in pings serves as additional evidence that the coronavirus spreading rapidly. Under such conditions, it is hard to justify further gains for GBP/USD. Read more...
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EUR/USD consolidates recovery below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery but remains below 1.0700 in early Europe on Thursday. The US Dollar holds its corrective decline amid a stabilizing market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD advances toward 1.2500 on weaker US Dollar
GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold appears a ‘buy-the-dips’ trade on simmering Israel-Iran tensions
Gold price attempts another run to reclaim $2,400 amid looming geopolitical risks. US Dollar pulls back with Treasury yields despite hawkish Fedspeak, as risk appetite returns.
Ripple faces significant correction as former SEC litigator says lawsuit could make it to Supreme Court
Ripple (XRP) price hovers below the key $0.50 level on Thursday after failing at another attempt to break and close above the resistance for the fourth day in a row.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.