GBP/USD drops toward the 1.1250 area after BoE’s hike.

The BoE raised rates to 2.25%, though the interest rate differential with the Fed capped upward pressure on the GBP/USD. US Initial Jobless Claims again exceeded estimations, justifying the case for yesterday’s Fed rate hike. The British pound oscillates around its opening price, following consecutive monetary policy decisions of the Bank of England, earlier risingContinue reading “GBP/USD drops toward the 1.1250 area after BoE’s hike.”

EUR/GBP hits two-month highs near 0.8700 ahead of ECB.

EUR/GBP resumes upside after two-day correction.Price peaks at 0.8688, the strongest level since June 15.Thursday: ECB decision and Truss’s energy plan. The EUR/GBP resumed the upside after a two-day correction. Recently it climbed to 0.8688, reaching the highest level since June 15. It is hovering around 0.8665, about to post the second highest daily closeContinue reading “EUR/GBP hits two-month highs near 0.8700 ahead of ECB.”

EUR/USD slides back under 1.1000 amid further hawkish Fed vibes, lofty energy prices

EUR/USD is back under 1.1000 as hawkish Fed speak and energy price gains weigh. Coming up, Fed speakers will remain in focus alongside geopolitics and March flash PMIs on Thursday. EUR/USD has subsided back to sub-1.1000 levels for a second successive session having again been unable to break above its 21-Day Moving Average which currentlyContinue reading “EUR/USD slides back under 1.1000 amid further hawkish Fed vibes, lofty energy prices”

The EURUSD rotates back down to the 100 hour MA

The run higher yesterday, is reversed today EURUSD reverses the gains from yesterday back to 100H MA.The run higher yesterday that saw the  EURUSD  move above the ECB spike high from last week at 1.11207, but ran out of steam ahead of the March high at 1.11429 (the high reached 1.1137). The price action today,Continue reading “The EURUSD rotates back down to the 100 hour MA”