GBP/USD Faces Challenges in Breaking Through Key 1.3000 Level

RBA is expected to hold rates in December after hiking last month But will it signal future hikes or will it turn more cautious? After soft CPI, RBA’s decision on Tuesday, 3:30 GMT, poses a risk for the aussie New governor has been beating the hawkish drum The Australian economy has been gradually losing steam […]

Recent decline has almost reached the upward-sloping 50-day moving average. Short-term RSI momentum indicator has suggested downside momentum has eased. Potential short-term bounce above 16,160 key short-term support. The US Nas 100 Index (a proxy for the Nasdaq 100 futures) has tumbled towards the 16,160/125 intermediate support as highlighted in our earlier analysis as it […]

DXY: The DXY (US Dollar Index) chart currently exhibits a neutral overall momentum, suggesting a lack of a clear directional bias in the US Dollar. Price could potentially fluctuate between the 1st support and 1st resistance levels. Here are the identified support and resistance levels: 1st support at 101.90 is identified as an overlap support, […]