GBP/USD price analysis: Drop to new weekly low as bears eye 1.2700

GBPUSD price analysis

The once mighty British Pound took a sharp dive against its American counterpart on Wednesday, hitting a new low for the week. This plunge was fueled by the relentless rise of US Treasury bond yields, sending shockwaves through the currency market. Adding to the tension, Federal Reserve officials maintained a cautious stance, causing traders to … Read more

EUR/USD: Will 1.0833 be the Breaking Point Amid Fed Caution and German Data?

EURUSD-Will-1.0833-be-the-Breaking-Point-Amid-Fed-Caution-and-German-Data

Amidst the tumultuous world stage, the EUR/USD currency pair has taken a sharp turn towards the bear side, with the euro struggling against the mighty US dollar. The past few days have witnessed a storm of events, from escalating tensions in the Middle East to a rollercoaster of market fluctuations, all playing a role in … Read more

GBP/USD Weekly Forecast: Navigating Economic Indicators Between $1.26 Pivot Point

GBPUSD Weekly Forecast Navigating Economic Indicators Between 1.26 Pivot Point

Last week, the GBP/USD ended on a high note at $1.2617, with a modest 0.14% gain. But hold on tight, because the upcoming week is brimming with exciting events that could shake up this currency duo. Technical Indicators Economic Events Impact Exclusive: Alex Thorn Says Spot Ethereum ETF Approval In May Unlikely Crypto market slumps … Read more