GBP/USD is constrained. The spot has been fluctuating within the 1.3420–1.3450 range, with this week’s low approaching 1.3350 and a recent two-day high recorded at 1.3475. The price is currently positioned just below the 1.3430–1.3450 range, where multiple upper wicks have formed, indicating the presence of supply in that area. A quote of 1.1357 is … Read more
The USD/CAD pair demonstrates slight upward movement, trading near 1.3835 in the early hours of the Asian session on Tuesday. However, the potential for a renewed US trade conflict with Europe may exert pressure on the Greenback in relation to the Canadian Dollar. Market participants are closely monitoring the upcoming address by US President Donald … Read more
The GBP/USD pair is currently fluctuating within a narrow range of 1.3380–1.3415, following a retreat from the year-to-date high of 1.3565–1.3567. The current level represents a decline of approximately 1.1–1.4 cents from the peak, yet it remains well above the November low of 1.3015. On the day, one snapshot has GBP/USD near 1.3414, up about … Read more
The primary factor keeping GBP/USD around 1.3380 is the change in expectations regarding the Federal Reserve, rather than any domestic news from the UK. US inflation remains persistent: the headline CPI is currently at 2.7% year-on-year, consistent with the previous month, whereas the PPI has increased to approximately 3.0% from 2.8%. The labor market contributes … Read more