Phyllis Wangui

In the European trading session on Wednesday, GBP/USD underwent a moderate bearish pressure, leading to its decline below 1.2500. A marked softening in the annual CPI inflation from 6.7% in September to 4.6% in October resulted in Pound Sterling losing… Read More »The GBP/USD Decline After Soft UK Inflation Data: EUR/USD In Overbought Territory

GBPUSD Daily Chart

The Australian dollar took a nosedive, becoming the poorest performer among its peers with a 0.8% drop following the Reserve Bank of Australia’s (RBA) anticipated interest rate hike. This move signalled a potentially tougher inflation outlook. This hike was largely… Read More »AUD/USD Falls After RBA Interest Rate Hike, EUR/USD Struggles Amid Dollar Recovery

GBP/USD Consolidation Phase The GBP/USD pair has transitioned into a consolidation stage, having recently come up against the 1.2200 barrier. As the Bank of England’s (BoE) ‘Super Thursday’ looms, Pound Sterling bulls are hitting pause, bracing themselves for the impending… Read More »GBP/USD Holds Steady Below 1.2200 as Market Eyes Bank of England’s ‘Super Thursday’

Gold prices are having a hard time maintaining a position above the $2,000 mark ahead of the release of the US Consumer Confidence Index data. The robust stance of the US dollar against its competitors is making it challenging for… Read More »EUR/USD Falls After Consumer Confidence Index Data, Gold Struggles to Maintain $2,000

The fall late last week from near crucial resistance indicates that the EUR/USD’s rise may have peaked. The pair momentarily rallied over immediate resistance at the early-October high near parity, coinciding with the top boundary of an April falling channel… Read More »Weekly Forecast: EUR/USD Bearish, Yen in Turmoil