GBPUSD Forex Analysis - Head & Shoulders Pattern Forming At 1.2546 Daily Resistance

Investors Seeing the Light the Rising Appeal of GBP

There has been evidence of an increase in optimism among FX investors regarding the GBP. Bearish sentiment, which surrounded the GBP over the past years, is revived out of a slight relaxation in cost-push inflation and the expectation of political stability to emerge after the general election this autumn.

ACY Securities | 19h 25minuter sedan

Dollar Surge on Hawkish FOMC Meeting Minutes

The U.S. dollar has strengthened, with the Dollar Index (DXY) climbing to its highest level this week, fueled by hawkish FOMC meeting minutes released in the last session. The minutes revealed that some members doubted whether the current interest rate level is sufficient to bring inflation down to the 2% target, leading to a jump in both U.S. Treasury yields and the dollar's strength.

PU Prime | 22h 0minuter sedan

UK Inflation distanced the expected rate cut

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: UK Inflation distanced the expected rate cut

FxPro | 1 dag sedan

DXY Edges Higher on Fed Speak, JPY Weakens Past 156

Remarks from Federal Reserve Governor Waller that interest rate cuts are probably several months away lifted the Dollar Index (DXY) to 104.65 from 104.50 previously.

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Dollar Dilemma: FOMC Caution

The US Dollar remained subdued as investors awaited the FOMC meeting minutes, with Federal Reserve officials emphasising the need for more evidence of easing inflation before considering rate cuts. This cautious stance has kept the dollar in check, influencing other markets as well.

PU Prime | 1 dag sedan

Daily Global Market Update

EUR/USD fell 0.1%, CCI indicates more downside. Gold rose 0.2%, but is overbought. GBP/USD was static, also overbought. Bitcoin surged 4.3%, may correct soon. Gold prices rose ahead of a US inflation report. Japan's shares hit a 34-year peak. Ripple acquired Standard Custody and Trust.

Moneta Markets | 2 dagar sedan

Dollar Rebound on Fed’s Hawkish Tone

In yesterday's market, the U.S. equity market took a breather after all three major indexes had risen more than 5% in May. All eyes are now on Nvidia’s earnings report due on Wednesday, which has the potential to spur the equity market further. In Asia, the Chinese stock markets also saw a retracement, with fresh data indicating that the property sector in China remains a significant concern.

PU Prime | 2 dagar sedan

Dollar Index Ends Flat, AUD, GBP Outperform

The Dollar Index (DXY), a measure of the Greenback’s value against a basket of 6 major currencies, finished flat, at 104.50. Fed officials called for caution before moving to cut interest rates despite signs of cooling inflation.

ACY Securities | 3 dagar sedan

EURUSD	1.08085	GBPUSD	1.26915	AUDUSD	0.65957
USDJPY	157.074	USDCAD	1.3733	USDCHF	0.91487