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GBP/USD STICKS TO MODEST RECOVERY GAINS ABOVE 1.2100, UPSIDE POTENTIAL SEEMS LIMITED GBP/USD gained positive traction on Monday and moved further away from a multi-week low. The recent slump in the US bond yields kept the USD bulls on...

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GBPUSD REMAINS WEAK

GBPUSD REMAINS WEAK The British pound remains weak against the US dollar as traders continue to sell any rallies in the pair towards the 1.3100 resistance level. Traders are cautious ahead of the Bank of England rate decision as...

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NZD/USD temporary surge

Following a test of the monthly pivot point at 0.7187, bulls took control of the market and manage to push the NZD/USD pair higher yesterday. However, the rally was stopped by the weekly PP at 0.7277, as the Asian...

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EURUSD STILL BEARISH BELOW 1.2275 LEVEL

The EURUSD pair remains bearish and under downside pressure in early Friday trading, as risk-off trading sentiment continues to spread through broader financial markets. Price-action is currently range-bound between the 1.2240 to 1.2270 region, after the pair suffered more...

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