As the Fed prepares for an interest rate cut in its September meeting, expectations are rising that the greenback may weaken, making investments in foreign currencies more attractive. Also, driven by a...
The U.S. dollar's recent weakness is driving significant gains in other major currencies, with the euro and British pound reaching new highs for 2024. As traders anticipate potential rate cuts from the...
The (GBPUSD) powered almost 100 pips in the hour following the highly anticipated FOMC and Fed rate hike. The GBPUSD is now extending the Bull Flag (on the daily chart), and testing a massive triangle...
The (GBPUSD) is trying to firm after getting rejected at downchannel resistance (on the daily chart) and sliding roughly 100 pips. Regardless of any further profittaking in the next day or so, odds are...
The (GBPUSD) is consolidating for a 3rd straight day near downchannel resistance (on the 4hr chart). The GBPUSD appears to be readying to complete (in the next week) the Bull Flag consolidation since...