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02
Feb

Currency Talk – EUR/AUD, EUR/USD and GBP/USD

The Overbalance analysis aims to identify three financial instruments, analysed exclusively on a four-hour interval (H4). The analysis uses only the Overbalance methodology, which allows us to determine where the trend may continue or where it may change.Today’s analysis covers three instruments, assessed exclusively in terms of the 1:1 correction structure. EURAUD – H4 intervalThe […]

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02
Feb

GBP/USD softens below 1.3700 as Trump picks Warsh for Fed

The GBP/USD pair loses ground to around 1.3670 during the early European session on Monday, pressured by renewed US Dollar demand. Signs of political stability in the United States (US) provide some support to the Greenback against the Pound Sterling (GBP). Traders will take more cues from the US ISM Manufacturing Purchasing Managers Index (PMI) data later […]

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30
Jan

GBP/USD softens to near 1.3750 as US Senate advances spending deal to avoid shutdown

The GBP/USD pair attracts some sellers near 1.3760 during the early European session on Friday. The US Dollar (USD) edges higher against the Pound Sterling (GBP) after US President Donald Trump and Senate Democrats struck a deal to avoid a US government shutdown. Traders will keep an eye on the US Producer Price Index (PPI) data later […]

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29
Jan

Currency Talk – AUD/NZD, EUR/GBP and GBP/USD

The Overbalance analysis aims to identify three financial instruments, analyzed exclusively on a four-hour interval (H4). The analysis uses only the Overbalance methodology, which allows you to determine where the trend may continue or where it may change.Today’s analysis covers three instruments, evaluated exclusively in terms of the 1:1 correction structure. AUDNZD The AUDNZD currency […]

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28
Jan

GBP/USD Trades below 1.3800 after pulling back from four-year highs

GBP/USD depreciates after four days of gains, trading around 1.3800 during the Asian hours on Friday. The technical analysis of the daily chart suggests a potential bearish reversal amid a narrowing range, suggesting buyers are losing strength within the rising wedge pattern. The GBP/USD pair holds above the nine-day Exponential Moving Average (EMA) and the 50-day […]

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20
Jan

GBP/JPY ticks up to near 212.40 ahead of UK employment data

The GBP/JPY pair edges higher to near 212.45 during the Asian trading session on Tuesday. The pair ticks up as the Japanese Yen (JPY) underperforms its peers, following the announcement of a snap election by Japan’s Prime Minister (PM) Sanae Takaichi on Monday. Japanese Yen Price Today The table below shows the percentage change of […]

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19
Jan

EUR/GBP gathers strength above 0.8650 as ECB signals steady rates

The EUR/GBP cross gains traction to near 0.8675 during the early European trading hours on Monday. The Euro (EUR) edges higher against the Pound Sterling (GBP) as the European Central Bank (ECB) signaled it is on a steady rate path for now, with no near-term debate on further rate changes if current economic projections hold. The ECB has kept rates on […]

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09
Jan

GBP/JPY rises to near 211.30 as Japanese Yen underperforms across the board

The GBP/JPY pair moves higher to near 211.30 during the late Asian trading session on Friday. The pair gains as the Japanese Yen (JPY) underperforms its peers, with ongoing trade tensions between Japan and China offsetting Tokyo’s unexpectedly strong Overall Household Spending data. Japanese Yen Price Today The table below shows the percentage change of […]

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08
Jan

GBP/USD flat lines above 1.3450 as traders eye US jobs data

The GBP/USD pair trades on a flat note around 1.3465 during the early European trading hours on Thursday. Markets turn cautious as traders await the upcoming key US economic data this week. The weekly US Initial Jobless Claims report is due later in the day ahead of the highly anticipated Nonfarm Payrolls (NFP) reading.  The US jobs data […]

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08
Jan

EUR/GBP recovers to near 0.8680 as investors brush off soft Eurozone HICP data

The EUR/GBP pair recovers its early losses and trades marginally higher to near 0.8680 during the late Asian trading session on Thursday. The pair gains as investors brush off soft Eurozone preliminary Harmonized Index of Consumer Prices (HICP) data for December. Eurostat reported on Wednesday that the headline HICP grew at an annualized pace of 2%, as expected, slower […]

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