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Pound Signals a Potential Bottom Ahead of Major Economic Releases

The GBP/USD exchange rate advanced to 1.3260, reaching its highest level lately and trading approximately 0.60% above its monthly low. This article presents Lucovox’s experts’ detailed perspective on the topic.  The recovery suggests that selling pressure is easing after the pair established a potential technical bottom at 1.3184. However, the sustainability of this rebound will...

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Platinum Outlook: XPT/USD Steadies Near $1,637 After A Sharp Monthly Slide

The market team at Fonndure reviews the latest Platinum picture, as XPT/USD trades near $1,637 after losing roughly a tenth of its value over the past month while short-term signals start to turn cautiously positive. A Steep Fall From The January Peak Platinum trades around $1,637 on Wednesday, down about 0.9% over the last day....

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GBP/USD Outlook: Sterling Climbs To A Weekly High With 1.3300 In Sight

Financial Real Time’s trading desk breaks down the latest GBP/USD setup, as the pound extends its rebound while traders wait for a key US inflation reading and for a clearer breakout signal. Sterling Extends Its Rebound The pound added to Tuesday’s gains on Wednesday, reaching its strongest level in a week during Asian hours. GBP/USD...

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EUR/USD Outlook: Euro Slips Toward 1.1190 As Traders Brace For US CPI

Brokers from Financial Real Timea dive into the latest EUR/USD picture, as the pair gives back early gains while markets wait for a US inflation report that could reshape Federal Reserve expectations. Euro Retreats From Its Daily High EUR/USD slipped on Wednesday during the European session and now sits near 1.1190, having touched 1.1211 earlier...