EUR/USD keeps the bid bias unchanged above the 1.0400 barrier. The US Dollar succumbed to the selling pressure amid mixed yields. President Trump delivered a virtual speech to the WEF in Davos. The Euro (EUR) advanced modestly vs. the US … [Continue reading]
Pound Sterling trades sideways against USD as investors gauge Trump’s tariff plans
The Pound Sterling remains on tenterhooks against its major peers as investors are concerned over the UK economic outlook. Traderds price in a 25 bps interest rate reduction by the BoE in February. Investors seek more clarity on President Trump’s … [Continue reading]
GBP/USD Forecast: Pound Sterling loses strength after failing to clear technical hurdle
GBP/USD retreats to the 1.2300 area after posting small losses on Wednesday. The technical picture points to a diminishing buyer interest in the near term. The US economic calendar will feature weekly Initial Jobless Claims data. GBP/USD climbed to … [Continue reading]
Sui Price Forecast: SUI bears aiming for a 30% crash
Sui’s price closes below its ascending trendline, indicating a correction ahead. The technical outlook suggests a pullback as momentum indicators show signs of weakness. Coinglass data shows that SUI’s long-to-short ratio reached the lowest level in … [Continue reading]
GBP/USD eases back as markets tiptoe through the midweek
GBP/USD gave back a fifth of a percent on Wednesday. It’s a slim schedule on the data docket for Thursday. Investors are awaiting Friday’s PMI double-header from both the UK and the US. GBP/USD softened on Wednesday, easing back around one-fifth of … [Continue reading]
Forex Today: US data and Trump dictate the sentiment in the FX galaxy
The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0. Here is what you need to know on Thursday, January 23: The US Dollar Index (DXY) clawed … [Continue reading]
US Dollar flat with selling pressure persisting after more tariff talks
The US Dollar consolidates on Wednesday after two days of losses as the correction aims to continue. Traders mull over the 10% levy over Chinese goods President Trump announced on Tuesday. The US Dollar Index (DXY) tests the 108.00 mark … [Continue reading]
DXY: 2-way trades on a daily chart – OCBC
US Dollar (USD) bounced slightly on headlines that President Trump is considering a 10% tariff on China in retaliation for the flow of fentanyl on 1 February. Trump also said that ‘we are talking about a tariff of 10% on China based on the fact that … [Continue reading]
USD/INR edges higher as Trump threatens China with tariffs
The Indian Rupee trades flat in Wednesday’s early European session. Renewed USD demand and Trump’s tariff announcements might weigh on the INR. The routine RBI intervention and lower crude oil prices might cap the downside for local … [Continue reading]
Will Bitcoin price reach $200K after Trump’s inauguration? BitDCA CTO weighs MicroStrategy, El-Salvador impact
Bitcoin price hit a new all-time high $109,000 after Trump’s inauguration on Monday. BTC on-chain transaction volumes dropped by 37% in the last two weeks, signaling that institutional investors are leading the current rally. In an exclusive … [Continue reading]