GBP/USD adds to its intraday gains and spikes closer to the weekly high in the last hour.The upbeat UK GDP print continues to underpin the GBP and extend support to the pair.The mixed US NFP report weighs heavily on the USD and provides an additional boost. The GBP/USD pair catches fresh bids during the earlyContinue reading “GBP/USD rallies back closer to weekly high, around mid-1.2000s on mixed US jobs data.”
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GBP/USD: Support levels at 1.1850/1950 may hold over the next couple of weeks.
GBP/USD closed in negative territory on Thursday but managed to hold above 1.2000. Support levels at 1.1850/1950 are set to hold in the next few weeks, economists at ING report. A good week for UK data “Following Tuesday’s strong PMI release, the UK outlook has received another boost today in the form of a bigContinue reading “GBP/USD: Support levels at 1.1850/1950 may hold over the next couple of weeks.”
EUR/USD set to head higher towards 1.15 over the course of 2023 .
The Dollar is heading lower. Economists at Deutsche Bank see EUR/USD rising to 1.15 over the course of 2023.The pieces are falling in place for a more sustained downturn in the Dollar “The pieces are falling into place for a more sustained downturn in the Dollar. The combination of China reopening and improvement in theContinue reading “EUR/USD set to head higher towards 1.15 over the course of 2023 .”
EUR/USD Price Analysis: The surpass of 1.0713 exposes 1.0736.
EUR/USD adds to the upside momentum near 1.0700. Extra gains initially target the weekly high at 1.0713.EUR/USD picks up extra upside traction and flirts with the 1.0700 barrier at the beginning of the week.If the recovery gathers extra steam, then the pair should challenge the weekly top at 1.0713 (December 30). Once cleared, the nextContinue reading “EUR/USD Price Analysis: The surpass of 1.0713 exposes 1.0736.”