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GBPUSD Reverses Course: Downtrend Over Or Bullish Correction?
Article By:
ForexCycle
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Thursday, April 25, 2024 12:20 AM EDT
GBPUSD’s recent price action indicates a potential shift in momentum. This analysis examines the technical situation and explores potential scenarios for the currency pair.
Elliott Wave Intraday Analysis On GBPUSD Shows 5 Waves Bullish Impulse
Article By:
Elliottwave Forecast
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Wednesday, April 24, 2024 11:47 PM EDT
Elliott Wave view on GBPUSD suggests that rally from 10.4.2023 low takes the form of an impulsive structure. Up from 10.4.2023 low, wave (1) ended at 1.2828.
GBP/USD Snaps The Two-Day Winning Streak Above 1.2450, Eyes On US GDP Data
Article By:
Lallalit Srijandorn
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Wednesday, April 24, 2024 9:15 PM EDT
GBP/USD trades on a weaker note around 1.2460 in Thursday’s early Asian session. The US Durable Goods Orders rose 2.6% in March, compared to the 0.7% increase (revised from 1.4%) in February.
GBP/JPY Cracks Fresh Nine-Year High At 193.60
Article By:
Joshua Gibson
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Wednesday, April 24, 2024 7:08 PM EDT
The Guppy breaks into new chart territory above 193.60, a nine-year high. Deflating JPY is rapidly approaching standoff territory with nervous BoJ. Japanese inflation figures, BoJ rate call loom ahead on Friday.
Housing Expenses Rise By Up To 12% After ECB Rate Increases
Article By:
Finance Brokerage
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Wednesday, April 24, 2024 3:47 PM EDT
Across the Eurozone, housing costs have surged significantly since the ECB started raising interest rates in July 2022.
In this article: EZU
EUR/USD Forecast: Rangebound And Tight
Article By:
Christopher Lewis
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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.
Euro Gains Against The Dollar Amid Mixed Economic Signals
Article By:
Andrey Goilov
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Wednesday, April 24, 2024 10:14 AM EDT
The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market.
FX Daily: Survey Divergence Hits The Dollar
Article By:
ING Economics
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Wednesday, April 24, 2024 7:01 AM EDT
The dollar is trading weaker on the back of the US-Europe PMI divergence. We’d be cautious about jumping into a bearish narrative on the back of soft activity surveys, as hard data has generally helped the dollar of late.
EUR/USD Recovers After US Economic Myth Dented
Article By:
FXStreet
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Wednesday, April 24, 2024 5:28 AM EDT
EUR/USD climbs above the key 1.0700 psychological level early on Wednesday. Weaker-than-expected US PMI data on Tuesday undermined the US Dollar and fueled the recovery. EUR/USD’s Bear Flag pattern deforms, bringing into doubt its validity.
The Return Of Optimism In Germany
Article By:
ING Economics
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Wednesday, April 24, 2024 5:04 AM EDT
A third monthly increase in the Ifo index strengthens the view that the German economy has left the trough behind and should be able to enjoy some more cyclical improvement.
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In this article: EWG
GBP/USD Forex Signal: Pound Sterling’s Comeback Set To Be Brief
Article By:
Crispus Nyaga
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Wednesday, April 24, 2024 3:13 AM EDT
The GBP/USD exchange rate bounced back sharply after the strong UK flash composite PMI and a hawkish statement by Huw Pill, a senior Bank of England (BoE) official.
GBP/USD Price Analysis: Rises To Near 1.2450 Despite The Bearish Sentiment
Article By:
Akhtar Faruqui
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Wednesday, April 24, 2024 1:53 AM EDT
GBP/USD tests the major level of 1.2450 despite the bearish sentiment shown by the technical analysis. The pair continues to trade below the pullback resistance level at 1.2518, positioned near the lower boundary of the descending triangle.
EURUSD Stages Rebound: Correction Or Downtrend Pause?
Article By:
ForexCycle
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Wednesday, April 24, 2024 1:15 AM EDT
EURUSD has displayed a promising sign, potentially interrupting its recent decline. This analysis examines the technical situation and explores potential scenarios for the currency pair.
EUR/USD Holds Above 1.0700 On Weaker US Dollar, Upbeat Eurozone PMI
Article By:
Lallalit Srijandorn
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Tuesday, April 23, 2024 8:40 PM EDT
The EUR/USD pair holds above the 1.0700 psychological barrier during the early Asian session on Wednesday. The weaker-than-expected US PMI data for April drags the Greenback lower and creates a tailwind for EUR/USD.
Rates Spark: The Stakes Get Raised
Article By:
ING Economics
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Tuesday, April 23, 2024 5:38 PM EDT
The return of risk-on opens further upside to yields, although US data Tuesday was weak, and demand at the 2yr auction very strong.