DailyFX - Forex Market News
The Bank of England added one more vote in favour of a rate cut after encouraging news on inflation now opens up the prospect of a rate cut as soon as June
The latest BoE decision will be more about what they say than what they do, and this leaves Sterling-pairs vulnerable.
In this piece, we explore the technical outlook for gold prices, USD/JPY and EUR/USD, analyzing recent market behavior and trends to identify potential trading opportunities.
GBP/USD traded cautiously lower in the lead up to the Bank of England rate setting meeting. A stronger dollar and an outside chance of a dovish statement weigh on the pair
The European Central Bank is still expected to cut rates before the Federal Reserve. Can the Euro’s uptrend hang on?
USD/JPY has moved above 155.00 on the back of a stronger US dollar, leaving the pair vulnerable to another round of official intervention
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