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Tag Archives: Cable

GBPUSD rises to 2024 high on positive data and dollar weakness

GBPUSD reaches a 2024 high, driven by positive UK economic data and a weaker US dollar ahead of the Jackson Hole event. Explore market implications and short-term trader insights.

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GBPUSD slides toward double bottom as BoE rate cut hits 

GBPUSD forming potential double bottom after the rate cut decision from the BoE. Explore market impacts and short-term trading opportunities in the British pound.

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EURUSD rallies on weak US jobs data: Best day since November 2023 

EURUSD surged 1.3% as weak US nonfarm payrolls data fueled expectations of a significant Fed rate cut. Read more to understand the market opportunities and risks.

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Cable struggles below 1.0800 as key support levels loom

Key Points: The EUR/USD pair currently trades below the 1.0800 mark, reflecting a stronger dollar dominating this week’s exchanges due to rising yields. This scenario is dampening the overall risk appetite in the markets and enhancing the dollar’s appeal. Currently, the EUR/USD is retreating below its 100-day moving average, located at 1.0808. This move highlightsContinue Reading

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