GBP/USD Technical: BoE’s hawkish cut is being priced in, but GBP bulls are now approaching a key resistance
MarketPulse
by Kelvin Wong
5h ago
GBP/USD has rallied by 2.1% from Monday, 3 February swing low. The 2-year yield premium shrinkage between UK sovereign fixed income over the US Treasury Note may trigger a bearish reversal on the GBP/USD. Watch the key medium-term resistance of 1.2610 on the GBP/USD. Since its swing low of 1.2249 printed on Monday, 3 February ..read more
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GBP/USD Analysis: Bank of England Decision Looms – What to Expect?
MarketPulse
by Zain Vawda
5h ago
The Bank of England (BoE) is expected to announce a 25 bps rate cut on February 6, 2025. Weak UK Data and ongoing trade war and geopolitical risks pose threat to BoE policy. Key levels to watch are 1.2500 (resistance) and 1.2466 (support). Governor Bailey comments and press conference are key to future policy hints ..read more
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US services growth slows, oil slide continues
MarketPulse
by Kenny Fisher
23h ago
Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world ..read more
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USD/JPY Trading Outlook: Testing Support at 100 & 200-day MA
MarketPulse
by Zain Vawda
23h ago
USD/JPY is testing a crucial support level. BOJ rate hike expectations are growing on the back of strong data. Key support levels are at 151.53 and 150.00, while resistance levels are at 153.91, 155.00, and 156.27. Most Read: Brent Crude Oil Analysis: Iran Tensions, OPEC+ and Price Trends USD/JPY has found some support following a ..read more
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Gold: Stagflation fears are supporting fresh new all-time highs
MarketPulse
by Kelvin Wong
1d ago
5-year and 10-year US breakeven inflation rates have just staged a major bullish breakout from a two-year plus of basing formation. Trade War 2.0 involves the US and other major trading partners that may disrupt international trade and dampen global economic growth. The resurgence of stagflation risk has triggered bullish movements on Gold (XAU/USD). Watch ..read more
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Brent Crude Oil Analysis: Iran Tensions, OPEC+ and Price Trends
MarketPulse
by Zain Vawda
2d ago
Brent Crude oil prices recovered supported by potential “maximum pressure” on Iran by the US. OPEC+ maintained its current production policy, with a planned gradual increase in supply depending on market conditions. Technical analysis indicates Brent Crude Oil faced support at the 100-day moving average. Key support levels for Brent Crude Oil are identified at ..read more
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New Zealand dollar eyes NZ employment
MarketPulse
by Kenny Fisher
2d ago
The New Zealand dollar is trading at 0.5608 in the European session, down 0.35% on the day. On Monday, NZD/USD fell as much as 1.2% but managed to recover most of these losses. New Zealand employment expected to decline New Zealand releases its employment report on a quarterly basis and we’ll get a look at ..read more
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Bloodshed in commodities currencies (AUD and CAD) as Trade War 2.0 starts, more weakness ahead or bullish reversal on sight?
MarketPulse
by Kelvin Wong
2d ago
Trade War 2.0 may trigger a stagflation narrative as it involves not only US-China trade but with other major trading partners. Commodities currencies may face further headwinds due to deteriorating global economic growth prospects. Watch the 0.6330 key medium-term resistance on the AUD/USD and the 1.4300 key medium-term support on the USD/CAD. On 1 February ..read more
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Trump’s Tariff Strategy: Trade War or Trade Deals?
MarketPulse
by Zain Vawda
2d ago
President Trump’s tariffs on Mexico and Canada have been postponed to March 1st after successful negotiations. US-China trade tensions continue to escalate with both countries imposing new tariffs. Companies like Diageo and automakers are expressing concerns about the negative impact of tariffs on their industries. Markets continue to sway and move as tariff developments continue ..read more
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EUR/USD slides on tariff turmoil, euro CPI rises
MarketPulse
by Kenny Fisher
3d ago
The euro has weakened at the start of the new week. EUR/USD slumped over the weekend and dropped as low as 1.0141, its lowest level since Nov. 2022. The euro has recovered somewhat on Monday and is trading at 1.0277 in the North American session. Still, the euro has dropped 0.76% since Friday’s close. US ..read more
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