GBPUSD

Risks tilted to the downside during the week of US inflation

Risks tilted to the downside during the week of US inflation

GBPUSD fell to two-week lows amid policy divergence between the Fed and the BoE. The US dollar applauded the Federal Reserve’s hawkish stance, but inflation data holds the key. GBPUSD’s daily technical pattern indicates further declines on the horizon. GBPUSD’s rally was short-lived as the divergence in monetary policy between the US Federal Reserve (Fed) …

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All eyes on the FOMC as markets price another 75 basis point hike

All eyes on the FOMC as markets price another 75 basis point hike

EUR/USD It was a tough day for the common currency on Tuesday, ending the session on the best levels against its US counterpart. EUR/USD down for the second day in a row is therefore testing the spirit of trendline resistance turned support on the daily timeframe, extended from the $1.1495 high. This follows last week’s …

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