Kickstart your FX trading with a technical look at the EURUSD, USDJPY and GBPUSD

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GBP/USD hits 12-week high on UK market optimism and easing inflation By Investing.com

© Reuters. Optimism has surged in the UK financial markets, leading the exchange rate to reach a twelve-week peak, buoyed by improved consumer confidence and a promising business outlook despite persistent recessionary pressures. On Thursday, the pound sterling climbed to 1.2615 against the US dollar, reflecting positive reactions to the latest S&P Global/CIPS data and

US Dollar Price Action Setups: DXY, EUR/USD, GBP/USD

DXY, EUR/USD, GBP/USD PRICE, CHARTS AND ANALYSIS: Most Read: Bitcoin Steady as Coinbase (Coin) Emerges as Winner from Binance Saga Recommended by Zain Vawda The Fundamentals of Trend Trading US DOLLAR FUNDAMENTAL BACKDROP The US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in

GBP/USD Boosted by Positive PMI Data

GBP/USD Analysis and Charts Better than expected PMI data underpins Sterling’s recent rally. Cable (GBP/USD) prints a fresh 10-week high. For all market-moving economic data and events, see the DailyFX Calendar ​The latest UK S&P Global PMIs beat both last month’s prints and expectations earlier today, with the all-important services sector leading the way. Learn

Pound falls as U.S. inflation data weighs on GBP/USD By Investing.com

© Reuters. The currency pair took a sharp dive today, reaching a level of 1.2456, which represents about a 0.63% decrease. This movement is largely attributed to recent U.S. economic data suggesting that inflationary pressures remain and the economy may be deliberately slowing down as part of the Federal Reserve’s broader strategy. The University of

GBP/USD slides amid US inflation concerns, mixed UK economic outlook

Share: The GBP/USD tumbles during the mid-North American session after economic data from the United States (US) suggested the battle against inflation is not done while the economy continues to decelerate, as sought by the US Federal Reserve (Fed). At the time of writing, the pair is trading at 1.2456, losing 0.63%. Read More… GBP/USD

GBPUSD tests key 200-Day MA, signals a bearish bias

GBPUSD on the daily chart is testing the 200 day MA The GBPUSD is extending to the downside and now tests its key 200-day moving average of 1.2449 (see green line on the daily chart above). The price is also below its broken 38.2% retracement of the move down from the July high. The level

BoE Governor’s inflation warning supports GBP/USD gains By Investing.com

© Reuters. The currency pair continued its rise for the fourth day, buoyed by expectations around monetary policy on both sides of the Atlantic. The pound strengthened against the dollar, building on gains above its September high, as market sentiment turned cautious regarding further interest rate hikes by the Federal Reserve, according to minutes from

GBP/USD Testing 1.2500 on US Dollar Weakness

British Pound Latest: GBP/USD Analysis and Chart Cable gains on US dollar weakness. UK Autumn Statement is released on Wednesday. For all market-moving economic data and events, see the DailyFX Calendar Ahead of this week’s Autumn Statement, UK PM Rishi Sunak is promising to reduce debt and cut taxes in an effort to boost the

GBP/USD trades in positive territory on the weaker USD

Share: GBP/USD Price Analysis: Gains traction below 1.2500, investors await BoE’s Bailey speech The GBP/USD pair holds positive ground around 1.2485 during the early European session on Monday. The recovery of the pair is bolstered by the softer US Dollar (USD) and lower US Treasury bond yields. Investors will take more cues from