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Source: Action Forex News Agency
4 weeks ago
Forex Medium Importance AI Analyzed
GBPUSD Consolidates Under New Multi-Month Peak

GBPUSD Consolidates Under New Multi-Month Peak

Cable trades near 6 ½ month peak (1.3675, hit on Friday) and moving in more quiet mode on Monday, as traders reduce speed ahead of this week's key events – release of US PCE Index and the speech of Fed's Warsh in Jackson Hole symposium, which is expected to provide the latest inflation update as well as potential signal about the US central bank's steps in coming months.

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GBPUSD GBP/USD
Source: Action Forex
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Source: InvestingCube News Agency
4 weeks ago
Forex Medium Importance AI Analyzed
EUR/USD Forecasts: Bond-Buying & Jackson-Hole are Key Factors

EUR/USD Forecasts: Bond-Buying & Jackson-Hole are Key Factors

Current Setup and Live Chart The EUR/USD enters the new week with a moderately bullish bias due to last week's developments in the US Treasury market. The previous week began with US long-term Treasury yields spiking to levels not seen in decades.

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EURUSD EUR/USD
Source: InvestingCube
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Source: Forexcom News Agency
4 weeks ago
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Canadian Dollar Forecast: USD/CAD Bounces from Oversold

Canadian Dollar Forecast: USD/CAD Bounces from Oversold

Sellers have been in-control on USD/CAD for the since the breakdown at 1.4150 support in mid-July, and this pushed the pair into oversold territory on daily RSI for the first time since January, which was followed by a strong bullish push that eventually led to the break back-above the 1.4000 handle. This comes after a dramatic weekend of headlines around tariffs between the U.S. and Canada, with the Canadian Dollar being punished on the prospect of more trade restrictions.

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USDCAD USD/CAD
Source: Forexcom
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