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EUR/GBP's strong three-day rally, which saw the cross rise by 2.1%, began to lose momentum after reaching a fresh high of nearly three months on Monday (0.8596). Overbought daily indicators suggest that partial profit-taking may occur…
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BTC/USD plunged sharply during the Asian session on Monday, dropping by 10.7% and falling below the psychological 50K level for the first time since mid-February, reaching a new multi-month low. Mounting fears of a potential US recession…
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USD/JPY experienced a significant drop overnight, reaching its lowest point since early January, and continuing its steep decline from the 155.21 high for the fifth consecutive day. The pair fell by 3.3% during the Asian session on…
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The recent US job growth data for July paints a concerning picture of the labor market, with nonfarm payrolls increasing by only 114,000 jobs, significantly below economists’ expectations of 176,000. This follows a downwardly revised…
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USDJPY fell sharply, down 1% in immediate reaction to US jobs data, after July's Nonfarm Payrolls (NFP) came in well below expectations at 114K versus the forecasted 176K, with June's figure revised down to 179K from the initial 206K.…
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GBPJPY Extends Decline, Hits Lowest Levels Since Mid-March Amid Yen Strength and BoE Rate Cut GBPJPY continued its downward trend and reached its lowest levels since mid-March during the European session on Friday. The pair remains in…
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Cable Remains in the Red Early Friday; Bears Face Resistance at Daily Cloud Top, Awaiting US Labor Data GBPUSD continued to decline on Friday morning, following a 0.9% drop on Thursday, marking the biggest daily loss since…
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Gold prices climbed to a two-week high of $2462 on Thursday but showed signs of potential stall, as recent gains from $2353 formed a long-legged Doji on the daily chart. The overbought conditions suggest that bulls might pause before…
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Cable traded erratically with only a minor decline following the BOE rate cut but regained momentum after US jobless claims came in much higher than expected. The pair bounced back above the 1.2800 mark after dropping to a…
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The Bank of England cut interest rates by 25 basis points to 5% on Thursday, aligning with forecasts, after British consumer price inflation returned to the BoE’s 2% target in May and remained there in June, down from a multi-decade high of…
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