Pound Sterling Price News and Forecast: GBP/USD sterling selling opportunity

FXStreet Team FXStreet

GBP/USD analysis: Books new high

The GBP/USD has passed the August high level zone and reached the 1.3800 level. During Tuesday's early London trading hours, the rate had retraced back down and looked for support.

The pair could gain support from the 55 and 100-hour simple moving averages or the previously passed August high level zone. A resumed surge of the GBP/USD would have to pass the 1.3800 level before reaching the weekly R1 simple pivot point at 1.3826. Read more...

GBP/USD Forecast: Sterling selling opportunity? Fakeout, end-of-month jitters show bearish bias

Is sterling benefiting from fresh energy after the long weekend in the UK? Even if the answer that question is yes, this new surge could be short lived. Technicals are already pointing to a "fakeout." Why does this upward move have its limits?

First, the main upside driver is dollar weakness – an extension of the selloff triggered by the central bank's dovish stance on Friday. Federal Reserve Chair Jerome Powell refrained from committing to tapering the bond-buying scheme. Investors await Friday's Nonfarm Payrolls for the next big move. Read more...

GBP/USD Price Analysis: Intraday positive move falters near 200-DMA/50% Fibo. confluence

The GBP/USD pair retreated around 30-35 pips from two-week tops and was last seen trading with only modest intraday gains, around the 1.3765-70 region.

A combination of factors continued weighing on the US dollar and assisted the GBP/USD pair to regain positive traction on Tuesday. However, the recent spike in new COVID-19 cases in the UK acted as a headwind for the British pound and capped gains for the major. Read more...

EUR/USD rebounds from session lows, stays below 1.1650

EUR/USD is recovers modestly from session lows but remains in the red below 1.1650 in European trading on Thursday. The pair faces headwinds from a renewed uptick in the US Dollar amid a negative shift in risk sentiment. Surging energy prices due to the Middle East war keep the bearish pressure intact on the Euro. The US Jobless Claims data are next of note.

GBP/USD stays weak near 1.3350 amid UK stagflation risks

GBP/USD sticks to losses near 1.3350 in the European session on Thursday. The Pound Sterling loses ground amid fears that the United Kingdom economy could face stagflation risks due to higher energy prices, while the US Dollar attracts fresh havem demand ahead of the US Jobless Claims data.

Gold climbs near $5,200 as Iran war fuels safe-haven demand

Gold price extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East. US and Israeli strikes across Iranian territory and widespread Iranian missile and drone retaliation across the Middle East, including attacks on regional targets and military sites, prolong the crisis and its impact.

Three reasons to be bearish on Bitcoin

Bitcoin is holding up well taking into account the uncertainty stemming from the Middle East. Despite this week’s rally, the long-term outlook remains bearish. Here are three reasons why I think the storm for the largest cryptocurrency isn't over yet.

Markets attempt to rally on positive news from Iran

There’s been an abrupt change in sentiment this morning, European stock markets are higher and oil and gas prices are moderating, after comments from Iran’s deputy minister about pre-conflict talks between Iran and the US.

Cardano Price Analysis: Approaches key trendline amid bearish sentiment

Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest continuing to fall and short bets rising among traders.