Pound Sterling Price News and Forecast: GBP/USD may find a primary barrier at 1.3616

FXStreet Team FXStreet

GBP/USD Price Forecast: Hovers around 1.3550, support appears near nine-day EMA

The GBP/USD pair retraces its recent gains, trading around 1.3540 during Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias as the pair moves upwards within an ascending channel pattern.

The GBP/USD pair remains above the nine-day Exponential Moving Average (EMA), suggesting a stronger short-term price momentum. Additionally, the 14-day Relative Strength Index (RSI) is positioned above 50, reinforcing a bullish bias. Read more...

GBP/USD hides in congestion ahead of key labor and inflation data

GBP/USD Held steady within recent consolidation on Monday, testing the waters near 1.3550. Cable traders are bracing for a fast one-two punch of UK and US data over Tuesday and Wednesday, and trade-related headlines continue to loom over market sentiment, further crimping momentum as investors hope for a cooldown in the US’s latest broad tariff tensions with China.

Trade talks are underway in London this week between the Trump administration and China’s government. Investors are hoping that the US and China will meet in the middle enough to convince the Trump administration to stop holding its own constituents as economic hostages with steep import taxes and tech trade restrictions. Read more...

GBP/USD edges up as Trump loosens tech trade grip with China

GBP/USD registered minimal gains during the North American session after hitting a daily high of 1.3581, following a Wall Street Journal article suggesting that US President Donald Trump is granting maneuvering room to US Treasury Secretary Scott Bessent regarding tech sales and lift export controls on China. At the time of writing, the pair trades at 1.3532, up by 0.05%.

The breaking news was met with cheers from investors as US equities traded in the red. Meanwhile, investors continued to digest a solid jobs report in the United States (US), which shows the economy added 139K new jobs, exceeding estimates of 130K, while the Unemployment Rate remained unchanged at 4.2%. This demonstrates the economy’s resilience despite cooling, primarily driven by higher interest rates resulting from uncertainty over tariffs. Read more...

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FXStreet Team

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AUD/USD falls to near 0.7100 after slipping below 50-day EMA

AUD/USD depreciates after registering minor gains in the previous day, trading around 0.7120 during the Asian hours. The technical analysis of the daily chart shows the pair consolidating sideways within a rectangle pattern, as neither bulls nor bears gain control. The AUD/USD pair is holding a slight bearish tone however as it sits beneath both the nine-day and 50-day EMAs.

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Cardano hits five-year low even as Hoskinson clarifies "break" isn't an exit

Cardano (ADA) price is down 10% at press time on Friday, extending losses over 30% so far this week amid Charles Hoskinson's clarification that "break" isn't an exit.

Week ahead – Fed countdown begins amid US inflation data and geopolitical risks

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The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.