Market Analysis: GBP/USD Struggles While USD/CAD Aims Higher

The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical picture on daily chart remains bullish, as MA’s are in bullish setup, positive momentum is strong and price action underpinned […]

The British pound is steady on Wednesday after sharp losses a day earlier. In the European session, GBP/USD is trading at 1.2632, up 0.11%. UK Services PMI expected to accelerate UK Services PMI will be released on Thursday. The services sector, which is responsible for most of the economy’s growth, hit a rough patch late […]

The US yields pushed higher and the dollar rally gained further momentum yesterday, as investors continued to surf on the idea that Donald Trump’s pro-growth policies and tariffs would boost inflation in the US and limit the Federal Reserve’s (Fed) capacity to ease the monetary policy as much as previously anticipated. Yesterday’s data showed an […]