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.
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.
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.
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