Pound Sterling Price News and Forecast: GBP/USD rebounds at around 200-DMA, climbs above 1.2700

FXStreet Team FXStreet

GBP/USD Price Forecast: Rebounds at around 200-DMA, climbs above 1.2700

The Pound Sterling made a U-turn and surged during the North American session after falling shy of testing the 200-day moving average (DMA) at 1.2654, yet buyers stepped in and lifted the GBP/USD pair. At the time of writing, the major trades at 1.2744 gaining over 0.40%. Read More...

GBP/USD Price Analysis: At make or a break below 1.2700

The GBP/USD pair hovers near a fresh monthly low around 1.2665 in Thursday’s American session. The Cable exhibits a subdued performance as the US Dollar (USD) has recovered sharply after the release of the lower-than-expected United States (US) Initial Jobless Claims in the week ending August 2. Read More...

GBP/USD defends 100-day SMA amid modest USD weakness, lacks bullish conviction

The GBP/USD pair once again shows some resilience below the 100-day Simple Moving Average (SMA) and attracts dip-buyers in the vicinity of over a one-month low touched earlier this week. Spot prices, however, struggle to capitalize on the uptick and currently trade with only modest intraday gains, around the 1.2700 round-figure mark. Read More...

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD edges lower to near 0.6850 on robust US jobs data

The AUD/USD pair trades with mild losses around 0.6860 during the early Asian session on Monday. Stronger-than-expected US employment data provide some support to the US Dollar against the Australian Dollar. Traders brace for China’s Consumer Price Index inflation report, which is due later in the day.

USD/JPY bounces off three-week low; keeps the red near 157.65 as focus remains on US NFP

USD/JPY bounces off the weekly low set during the Asian session, as bears turn cautious ahead of the US NFP report due later this Friday. The upside seems limited as the recent slump in US bond yields and hopes of Iran war de-escalation undermine the US Dollar. Moreover, a hawkish BoJ and intervention risks support the Japanese Yen, capping the pair.

Gold rebounds above $4,100 despite strong US NFP data

Gold price recovers some lost ground to near $4,100 during the early Asian trading hours on Monday. Speculations that incoming Democrats would push to end the Iran war lift the yellow metal.

Week ahead: Inflation and geopolitics in focus as US political landscape shifts

It has been a rollercoaster week, with the initial market nervousness being replaced by strong risk appetite on Wednesday, which proved very short-lived, as risk assets suffered on Thursday. The result of the US midterm elections, with the Democrats performing exceptionally well and taking control of Congress, confused investors, although it is too early to judge if current trends will persist.

AI selloff: What bonds and credit markets reveal

The recent selloff in US technology stocks has left investors with a difficult question. Are we simply looking at a correction after months of strong performance, or is the market starting to reflect deeper problems in the economy? The Nasdaq 100 has lost as much as 16.3% from its record high, while the Philadelphia Semiconductor Index has experienced an even sharper decline.

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.