GBP/USD Price Forecast: Cable to Test 5-Month Lows of 1.31400 as Fiscal Worries Worsen

The GBP/USD pair continues its upward trajectory, reaching 1.3429 by Thursday. It is now trading just below yesterday’s peak, its highest level since February 2022. Key drivers behind GBP/USD’s rise The rally follows the release of stronger-than-expected UK inflation data. The annual Consumer Price Index (CPI) accelerated to 3.5% in April, the highest reading since […]

WTI oil price fell below $72 on Wednesday and trading at the lowest levels in five months. Bear-leg from $79.57 (Nov 30 peak) extends into fifth straight day, as decision of OPEC+ to extend production cuts and further reduce output from January did not satisfy market expectations, with growing concerns over fuel demand on clouded […]

USDJPY stuck within 149.55-150.00 area Short-term risk is skewed to the downside ADP Jobs data, ISM non-mfg PMI on the agenda USDJPY is pushing again for a close above the 150.00 number and the 200-day exponential moving average (EMA) after closing around the 149.55 base for the third consecutive trading day on Tuesday. There is no […]