Monthly Archives: August 2025

According to Scotiabank’s strategists, the Pound tested the 1.3450 level multiple times during the night

Written on August 8, 2025 at 7:51 pm, by

Pound Sterling nears new high after BOE cut; support seen near 1.33–1.34 despite pause.

This week, GBPUSD rose but faced resistance near the 50% retracement level for traders

Written on August 8, 2025 at 7:30 pm, by

GBPUSD rises toward 1.3463, surpassing key levels; traders eye 1.3540 amid post-rate cut momentum.

Upward momentum suggests the New Zealand Dollar might approach 0.5980, but sustained gains seem improbable

Written on August 8, 2025 at 7:22 pm, by

NZD shows upward momentum toward 0.5980, but breaking 0.6000 resistance remains unlikely amid market risks.

Scotiabank’s analysts note the Euro trades lower today but maintains a weekly net gain

Written on August 8, 2025 at 7:21 pm, by

Euro consolidates near 1.1650; USD strength, Fed policy, and inflation data drive market uncertainty this week.

The Australian Dollar’s upward momentum suggests that the key resistance at 0.6555 may be unattainable

Written on August 8, 2025 at 6:52 pm, by

Australian Dollar shows upward bias, but momentum is weak; likely range-bound between 0.6450 and 0.6555.

Huw Pill from the BoE remarked on the sustainability of recent rate cuts amidst changing economic behaviours

Written on August 8, 2025 at 6:51 pm, by

BoE’s Huw Pill urges caution on rate cuts amid persistent inflation risks and changing wage dynamics.

The Trump administration plans to clarify gold bar import duties, impacting Comex gold prices significantly

Written on August 8, 2025 at 6:29 pm, by

Trump administration exempts gold bar imports from tariffs; prices rebound after testing 100-hour moving average.

Amidst currency fluctuations, the CAD shows resilience against the USD prior to employment figures

Written on August 8, 2025 at 6:22 pm, by

Canadian Dollar holds steady versus USD, with employment data and market sentiment likely to influence direction.

Analysts from UOB Group believe GBP may struggle to reach 1.3515 despite strong momentum

Written on August 8, 2025 at 6:21 pm, by

GBP shows strong momentum but faces resistance at 1.3515; outlook neutral within current trading range.

The oil rig count increased to 411, while gasoline rigs decreased, keeping oil prices under pressure

Written on August 8, 2025 at 6:00 pm, by

Oil rigs increased slightly to 411; total rig count fell by one. Oil prices remain below averages.

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