The Pound Sterling (GBP) surged to a 29-month high against the US Dollar (USD) before facing a pullback, driven by various economic factors and geopolitical tensions. The GBP/USD pair experienced
GBP/USD is hovering below 1.3200 in the European session, awaiting the release of July PCE inflation data in the US. The lack of directional momentum in the near-term outlook suggests
EUR/USD is currently trading in a narrow range below the 1.1100 level, with the possibility of extending losses if it breaks below the 1.1050-1.1040 support area. Market participants are closely
US Dollar Consolidates Below 101.50 as Investors Await Key Inflation Data The US Dollar (USD) Index is in a consolidation phase below 101.50 after two days of gains. Eurostat will
Rising Commodity Prices Boost Australian Dollar Despite Weak Investment Data The AUD/USD saw a 0.30% increase to 0.6810 in Thursday's trading session, supported by the surge in commodity prices, particularly
The USD/JPY pair continues to show a bearish technical outlook, remaining below the Ichimoku Cloud and the 200-day moving average (DMA). Despite a temporary recovery led by buyers, the Relative
The NZD/USD pair has been on a winning streak, reaching a high of 0.6300 before settling at 0.6250 in Thursday's session. However, technical indicators are showing signs of caution as
Title: Strong Dollar Rises on Robust Economic Data, PCE Numbers Awaited The Greenback continues its upward trajectory fueled by rising yields and better-than-expected economic indicators, including GDP figures and labor
Atlanta Fed President cautious on rate cuts, GDP growth revised to 3% in Q2 Atlanta Fed President Raphael Bostic is cautious about rate cuts and prefers to see more data
EUR/USD Breaks Key Support Level as Dollar Gains Momentum The EUR/USD pair dipped below the critical 1.1100 support level, hitting multi-day lows amid a strong rebound in the US Dollar.