GBP/USD is currently positioned at 1.3124 following a rebound from a weekly low of 1.3008, as it recovers in response to the U.S. Dollar Index declining from its four-month high of 100.21 to 99.53. This action came after significant oversold indicators — the RSI fell beneath 25 earlier this week, marking its lowest point since … Read more
The EUR/USD pair has demonstrated a calculated strength as the week concludes, maintaining a position near 1.1560, reflecting an increase of 0.16%. This movement comes as investors step back from the U.S. dollar, influenced by escalating political dysfunction in Washington and diminishing macroeconomic clarity. The ongoing U.S. government shutdown has reached its 38th day, significantly … Read more
The EUR/USD pair is under notable pressure, currently trading at approximately 1.1483, after a week marked by strong U.S. data and a renewed demand for the dollar in global markets. The euro’s attempt to bounce back from its October lows fell short as investors recalibrated their strategies, expecting ongoing strength in the U.S. economy. Meanwhile, … Read more