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GBP/USD stabilizes near 1.3500 following Tuesday's bearish action.Technical sellers could look to retain control if GBP/USD breaks below 1.3500.In the absence of high-tier data releases, markets will focus on FOMC Minutes.GBP/USD trades in a narrow channel slightly above 1.3500 on Wednesday after closing in negative territory and snapping a six-day winning streak on Tuesday. The pair's technical outlook is yet to point to a bearish reversal but sellers could take action if the pair flips 1.3500 into resistance. British Pound PRICE This week The table below shows the percentage change...

US Dollar Index rebounds from Monday’s five-week low of 98.70.The Greenback appreciates as 10- and 30-year US Treasury yields are trading lower at 4.46% and 4.97%, respectively.President Trump's “One Big Beautiful Bill” is on the way to the Senate floor for Voting.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours.The Greenback receives support as...

Here is what you need to know on Tuesday, May 27:The US Dollar (USD) benefits from the improving risk mood early Tuesday, while trading conditions normalize following a three-day weekend in the US. The European Commission will publish business and consumer sentiment data for May. Later in the day, the US economic calendar will feature April Durable Goods Orders and May CB Consumer Confidence Index data. US Dollar PRICE Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the...

The US Dollar finds primary support at the lower boundary of the descending channel around 98.70.Technical analysis indicates a persistent bearish bias as the RSI stays below the 50 level.The nine-day EMA of 99.68 appears as the initial barrier, followed by the ascending channel’s upper boundary around 100.00.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.On the daily chart, technical...

AUD/USD pair reaches 0.6537 at the start of the week’s session, a level last seen on November 25, 2024.AUD/USD braces for volatility with US Durable Goods and Consumer Confidence Data.AUD/USD retreats from six-month high but remains steady with resistance firming at 0.6500.The Australian Dollar (AUD) is consolidating within a narrow range against the US Dollar (USD) after reaching a six-month high early Monday. However, the pair retreated from the highs ahead of Tuesday’s key economic data.Recent broad-based weakness in the US Dollar has supported demand for risk-sensitive currencies, allowing AUD/USD...

The US Dollar Index struggles as traders adopt caution due to growing debt concerns in the United States.The House of Representatives has advanced Trump's “One Big Beautiful Bill” to the Senate floor.US 30-year bond yield retreated after hitting 5.15% on Thursday, the highest in 19 months.The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, depreciates toward two-week lows. At the time of writing, the DXY is trading around 99.60, remains under pressure as the 30-year yield on US Treasury bond is...

Here is what you need to know on Thursday, May 22:The trading action in financial markets remain relatively quiet early Thursday as investors gear up for preliminary Purchasing Managers Index (PMI) data from Germany, the Eurozone, the UK and the US. The US economic calendar will also feature weekly Initial Jobless Claims and April Existing Home Sales data, and officials from major central banks will be delivering speeches later in the day. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed...

EUR/USD trades little changed on the day near 1.1250.The pair needs to stabilize above 1.1270 to gather bullish momentum.Market participants will pay close attention to comments from central bankers.EUR/USD fluctuates in a narrow channel at around 1.1250 in the European session on Tuesday after closing in positive territory on Monday. The near-term technical outlook points to a loss of bullish momentum as the key resistance level at 1.1270 stays intact. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week....

EUR/USD struggles to stabilize above 1.1300 after closing in the red on Wednesday.Technical sellers could take action in case the pair breaks below 1.1270.Markets see a diminishing chance of a Fed rate cut in June.EUR/USD came under bearish pressure in the American session on Wednesday and closed the day deep in negative territory. The pair stays on the back foot early Thursday and trades slightly below 1.1300. Euro PRICE This week The table below shows the percentage change of Euro (EUR) against listed major currencies this week. Euro was the...

GBP/USD trades in negative territory below 1.3350 on Wednesday.The technical outlook is yet to point to a buildup of directional momentum.The Fed will announce monetary policy decisions later in the day.After posting gains to start the week, GBP/USD edges lower and trades in negative territory below 1.3350 in the European session on Wednesday as investors gear up for the Federal Reserve's (Fed) monetary policy announcements. British Pound PRICE Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the weakest...