GBP/USD falls to a fresh 4-week low of 1.2059 on strong US GDP data.
The GBP/USD currency pair is trading at 1.2060 after hitting a day high of 1.2265. The Pound Sterling does not oppose positive economic indicators in the US. The US economy is still strong despite the US Federal Reserve's tightening cycle,…
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4 Global Market Updates- 3 February, 2023
In this article, we have covered the highlights of global market news about the EUR/USD, NZD/USD, USD/CNH and USD/JPY. The EUR/USD is hovering over 1.0900 ahead of major US data. The single currency is still processing Thursday's sharp fall after the…
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4 Global Market Updates- 2 February, 2023
In this article, we have covered the highlights of global market news about the EUR/GBP, NZD/USD, USD/JPY and GBP/USD. EUR/GBP is nearing its highest level since September, slightly around 0.8900 ahead of the BoE/ECB. The EUR/GBP cross gains momentum for the fourth…
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Critical Forex Updates for Feb 1st, 2023
Singapore dollar Strength Continues:USD/SGD is oversold, as it recently tested key support on the lower edge of the channel. This suggests that the four-month slide may be losing steam given how close USD/SGD is to its 2018 low. A positive…
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Important Forex Updates for Jan 31st, 2023
Australian Dollar weakening:The AUD/USD pair is under pressure today, declining steadily from its recent high and dropping below the mid-0.7000s level during early European trading sessions. This decline is likely attributable to a number of factors, including weak economic data…
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