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 weakens toward 1.1600 as firm US data revives the US Dollar

The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session.

GBP/USD drifts lower heading into NFP range

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows. Price briefly recovered earlier in the day on reports that Iran had indirectly signaled openness to talks with the CIA, but the bounce faded as Israeli officials reportedly advised Washington to disregard the overture.

Gold slumps below $5,100 as US Dollar gains

Gold price tumbles to near $5,085 during the early Asian session on Friday. The precious metal loses ground amid a stronger US Dollar. The US employment report for February will take center stage later on Friday.

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange, raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.