The Pound Sterling (GBP) looks set to deliver a fresh upside as the market mood is supportive for risk-sensitive assets. The GBP/USD pair is aiming for more upside as investors hope that the policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE) will not widen further since they are both sufficiently restrictive to […]

EUR/JPY quickly leaves behind Thursday’s inconclusive price action and resumes the upside bias beyond the 157.00 barrier at the end of the week. In the meantime, the cross remains stuck within the consolidative range and the breakout of it exposes a visit to the so far monthly high of 158.65 (September 13) prior to the 2023 […]

USD/RUB gains momentum for the third consecutive day during the early European session on Thursday. The pair currently trades near 96.40, up 0.27% on the day. The Russian Ruble devalued to over 96 against the US Dollar, a 16-month low due to the economic challenge in Russia Russian President Vladimir Putin stated last week that […]

EUR/USD picks up further pace and climbs to weekly highs near 1.0930, an area coincident with the 100-day SMA, on Wednesday. The pair’s current momentum seems to be favouring the continuation of the march north for the time being. That said, there is a temporary hurdle at the 55-day SMA at 1.0968, which precedes the psychological […]

EUR/USD reverses from weekly top while posting the first daily loss in three around 1.0860 heading into Wednesday’s European session. In doing so, the Euro pair marks the trader’s positioning for today’s top-tier German and the US data while taking a U-turn from a convergence of the 100-SMA and a downward-sloping resistance line from mid-July. […]