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Trading GBP/USD: Key Levels to Watch Ahead of US Data

GBP/USD is stuck in a tight range, reflecting market indecision. Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the range. The US Dollar Index's performance will heavily influence GBP/USD's movements. Most Read: S&P 500 Eyes Fresh All-Time Highs Despite Trump Tariff Threats. 6500 by Year End? Cable has continued to consolidate in a 100 pip range this week with yesterday a prime example of the indecision at play.

27-11-2024 03:42 GMT by Zain Vawda

New Zealand dollar eyes RBNZ rate announcement

The New Zealand dollar is in positive territory on Tuesday, after a four-day losing streak. In the European session, NZD/USD is trading at 0.5850, up 0.09% on the day.

26-11-2024 09:00 GMT by Kenneth Fisher

Australian dollar under pressure, CPI next

The Australian dollar declined as much as 1% on Tuesday before recovering these losses. In the European session, AUD/USD is trading at 0.6497, down 0.1% on the day.

26-11-2024 08:14 GMT by Kenneth Fisher

Yen edges higher after mixed inflation data

The Japanese yen has been relatively quiet for over a week and the trend has continued on Tuesday. In the European session, USD/JPY is trading at 153.79, down 0.25% on the day. BoJ Core CPI dips, services inflation ticks higher Japan release mixed inflation numbers on Tuesday.

26-11-2024 06:18 GMT by Kenneth Fisher

AUD/JPY Technical: Trump trade tariffs tantrum may spark a sell-off yen cross pairs

US President-elect Trump used his Truth Social network to announce his latest tariff threats. Trump vowed to impose 10% additional tariffs on China exports to the US and 25% tariffs on all products from Mexico and Canada. The recent two-month rally seen in AUD/JPY has flashed out bearish technical elements.

26-11-2024 06:11 GMT by Kelvin Wong

Brent Crude - Oil Eyes Recovery as OPEC + Deliberate Oil Cut Rollover

Oil prices rose in early European trade following a drop on Monday. OPEC+ is set to meet on December 1st to discuss a potential oil cut rollover into 2025. Technically, Brent Crude has been in a tight range, with key support and resistance levels identified. Most Read: Gold’s (XAU/USD) Sharp Drop: Ceasefire Optimism and Bessent’s Impact on Markets

26-11-2024 05:22 GMT by Zain Vawda

USD/JPY eyes BoJ Core CPI

The Japanese yen has started the new trading week with slight gains. In the North American session, USD/JPY is trading at 154.33, down 0.24% on the day. BoJ Core CPI expected to rise to 1.8% The Bank of Japan releases the Bank of Japan Core CPI, a preferred inflation indicator of the central bank.

25-11-2024 11:54 GMT by Kenneth Fisher

New Zealand dollar edges lower as retail sales slide

The New Zealand dollar has posted gains on Monday, ending a three-day skid. In the North American session, NZD/USD is trading at 0.5856, up 0.35% on the day.

25-11-2024 10:42 GMT by Kenneth Fisher

Canadian dollar shrugs as retail sales jump

The Canadian dollar has started the week with small gains. In the European session, USD/CAD is trading at 1.3958 at the time of writing, down 0.15% on the day.

25-11-2024 06:44 GMT by Kenneth Fisher

Markets Weekly Outlook - Inflation Data & Geopolitics to Dominate

Weak PMI data from Europe and the UK raise concerns about global economic outlook and sent the EUR and GBP tumbling. Escalating tensions in Russia-Ukraine and the Middle East add to market uncertainty. Upcoming PCE inflation data will influence Fed policy and market sentiment. Read More: Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement? Week in Review: DXY Continues Advance, as EU and UK Growth Struggles Continue Europe and the UK are the biggest losers t

22-11-2024 12:24 GMT by Zain Vawda

USD/CAD flirting with 140, retail sales next

The Canadian dollar is lower on Friday. In the North American session, USD/CAD is trading at 1.3998 at the time of writing, up 0.16% on the day.

22-11-2024 05:43 GMT by Kenneth Fisher

British retail sales decline, pound extends losses

The British pound is lower for a straight third trading day on Friday. In the North American session, GBP/USD is trading at 1.2543, down 0.36% on the day. UK retail sales weaker than expected UK retail sales disappointed in October, with a sharp decline of 0.7% m/m.

22-11-2024 04:22 GMT by Kenneth Fisher

British pound falls to 6-month low, retail sales next

The British pound has lost ground on Thursday. In the North American session, GBP/USD is trading at 1.2506, down 0.44% on the day.

21-11-2024 16:03 GMT by Kenneth Fisher

Yen jumps as BoJ’s Ueda hints at rate hike

The Japanese yen has posted strong gains on Thursday. In the European session, USD/JPY is trading at 154.34, down 0.70% on the day. Ueda says rate decision will depend on data Bank of Japan Governor Ueda’s remarks are always closely monitored and often move the financial markets.

21-11-2024 08:18 GMT by Kenneth Fisher

Euro slides after ECB financial stability review

The euro is down sharply on Wednesday. In the North American session, EUR/USD is trading at 1.0510, down 0.80% on the day at the time of writing. ECB Financial Stability Review warns of debt crisis Financial stability reviews seldom make the headlines, unless the message is a stark one.

20-11-2024 11:44 GMT by Kenneth Fisher

UK inflation jumps to 2.3% in October

The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2653, down 0.21% at the time of writing. UK inflation higher-than-expected UK inflation rose to 2.3% year-on-year in October, compared to 1.7% in September and above the market estimate of 2.2%.

20-11-2024 10:22 GMT by Kenneth Fisher

UK inflation expected to jump to 2.2%

The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day.

19-11-2024 12:48 GMT by Kenneth Fisher

USD/CAD lower after Cad. CPI rises to 2%

The Canadian dollar is higher on Tuesday. In the North American session, USD/CAD is trading at 1.3975 at the time of writing, down 0.29% on the day. Canadian inflation hits 2%, higher than expected Canada’s inflation rate rose to 2% y/y in October, higher than the 1.6% gain in September, which was a three-year low.

19-11-2024 11:03 GMT by Kenneth Fisher

Aussie shrugs after RBA says no rush to ease

The Australian dollar is showing limited movement on Tuesday. In the European session, AUD/USD is trading at 0.6501, down 0.14% on the day.

19-11-2024 07:50 GMT by Kenneth Fisher

Gold Price Analysis: Is the $2,600 Breakout a Bullish Signal or a Temporary Retracement?

The bullish rally in gold is fueled by concerns over the Russia-Ukraine conflict stirring safe haven demand. Market sentiment is torn between the prospect of fewer Fed rate cuts in 2025 and rising geopolitical risks Goldman Sachs analysts predict gold will set new records by the end of 2025, further bolstering bullish sentiment.

19-11-2024 05:16 GMT by Zain Vawda

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