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GBP/USD Price Analysis: Poised To Resume Downtrend, Despite ‘Morning Star’ Formation
Article By:
Christian Borjon Valencia
Wednesday, April 24, 2024 1:15 PM EDT
The Pound Sterling is experiencing slight losses against the US Dollar, largely due to the influence of high US Treasury yields that are bolstering the Greenback.
USD/CAD Analysis: Sentiment Getting Tested As Known Values Reemerge
Article By:
Robert Petrucci
Wednesday, April 24, 2024 11:13 AM EDT
The USD/CAD is near the 1.36775 mark as of this writing, this after the currency pair has managed to sustain lower increments attained in early trading this morning.
AUD/USD Forecast: Rallies As Rate Cut Bets Ease After Hot CPI
Article By:
Yohay Elam
Wednesday, April 24, 2024 10:59 AM EDT
Australia’s CPI increased by 1% in Q1, beating estimates for an increase of 0.8%. There is a 4% chance of an RBA hike in August. PMI data showed a decline in US business activity in April.
EUR/USD Forecast: Rangebound And Tight
Article By:
Christopher Lewis
Wednesday, April 24, 2024 10:43 AM EDT
The 1.07 level above has offered resistance, which makes sense because there's a lot of market memory there, as it previously had not only been resistance, but it's also been support.