Dollar Holds Better Cards Against Both Euro and Pound

The year 2023 commenced after two years of economic uncertainty and heavy inflation across Europe and North America, home to leading financial markets, with major currencies such as the euro and the US dollar, and financial hubs including London, New York, Chicago, Frankfurt, and Toronto. These continents, where major stock exchanges operate and the S&P […]

GBPUSD rising inside wave 2 Likely to rise to resistance level 1.2850 GBPUSD currency pair recently reversed up from the key support level 1.2630 (which also stopped the earlier impulse ii at the end of June). The support level 1.2630 was strengthened by the lower daily Bollinger Band and by the 38.2% Fibonacci correction of […]

Last week, the dollar index regained some of its losses from the previous four weeks, but technically, it looks like short-term profit-taking by sellers before a new downward momentum. The US dollar has been under pressure since late June as the Fed noted progress in reducing inflation. Money markets readily accepted this signal, giving a […]