The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors. The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD currency pairs. The Sterling is one of the four most liquid currencies in...
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....
Bitcoin (BTC) is recognised as the world's first truly digitalised digital currency (also known as a cryptocurrency). The Bitcoin price is prone to volatile swings; making it historically popular for traders to speculate on. Follow the live Bitcoin price using the real-time chart, and read the latest Bitcoin news and forecasts to plan your trades using fundamental...
Gold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will...
Ethereum (ETH/USD) Fundamentals and Technicals Look Promising The outlook for Ethereum, both technically and fundamentally, is starting to look rosy and this should feed through into its price over the coming quarter. Between late November 2021 and late January this year, Ethereum fell by around 50% to a low of just $2,200 as the whole crypto market mood turned...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
As idle cash looks to find a strong and secure yield, it is no wonder that the New Zealand Dollar has benefited from the current Euro-Zone crisis. Pairs such as the Australian Dollar and New Zealand Dollar are often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. Although Chinese growth may become a cause for...
Ethereum's (ETH) price continued a sideways movement on Thursday as the market still awaits a trigger. Ethereum isn't alone in this horizontal trend; several major index funds have also traded sideways, underscoring ETH's positive correlation with the traditional financial market. Despite the recent launch of spot Bitcoin (BTC) ETFs in the US, Ethereum's...
The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading hours. The risk-off mood and rising tension between Israel and Iran boost the safe-haven flows, benefiting the Japanese Yen (JPY). However, the robust US economic data and any hawkish comments from the Federal Reserve (Fed) officials might cap the pair upside in the near...
On the daily chart below, we can see that the big bullish momentum since the collapse of the Silicon Valley Bank has ended. The market now is pulling back after such a strong rally and the most likely support is the trendline where we will also find the 50% and the 61.8% Fibonacci retracement levels. The moving averages are also on the verge of a cross to the...
H1:the GBP/USD remains on the defensive below 1.2450 ahead of UK Retail Sales data The GBP/USD pair remains on the defensive near 1.2430 during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar as the strong US economic data and hawkish remarks from the Federal Reserve officials have triggered the speculation...
EUR/USD clings to recovery gains near 1.0650 EUR/USD trades in positive territory near 1.0650 on Wednesday. The US Dollar sees a modest retreat, helping the pair recover previous losses. The EUR/USD rebound, however, appears limited amid Fed-ECB policy divergence. ECB and Fed speeches eyed. The Relative Strength Index (RSI) indicator on the 4-hour chart rose...
Bitcoin technical analysis: I'm eyeing a possible bounce up at $61k-$62k double support In the dynamic landscape of cryptocurrency, observing and interpreting market trends is paramount for anyone engaged in trading or investing. In my latest analysis of Bitcoin (BTC/USD), I've captured a pivotal movement indicating a potential shift in its market trajectory. This...
GBP/USD explained GBP/USD is the currency pair that shows the value of the British Pound against the US Dollar. The left side of the pair is called the base currency, in this case the GBP, and the right side is called the quote currency, in this case the USD. This exchange rate tells you how many US Dollars you need to buy one British Pound. For example, if the...
On the daily chart below, we can see that ETHUSD has been basically ranging for a month. The cryptocurrency is struggling to take off as hawkish Fed bets are placing a lid on it given that liquidity and looser monetary conditions are the main drivers of Ethereum. The rally since the Silicon Valley Bank collapse was diverging with the MACD which is generally a sign...
GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/ USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your...
Spot Gold recovered some of the ground lost on Wednesday and trades near its daily high at $2,350.69. XAU/USD showed little reaction to Thursday’s headlines as the European Central Bank (ECB) unveiled its decision on monetary policy. On the one hand, the central bank left its monetary policy unchanged, as expected. On the other hand, officials maintain a cautious...