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Gbpnzdshort

Expectations and Analysis of GBP/USDForecasting GBP/USD, the British Pound against the US Dollar, based on performance on the daily chart below, indicates that it is still moving within an upward channel. Recent developments have been a response to signals from global central banks in their final meetings of 2023. However, the economic weakness in the UK continues to hinder a strong upward move of the British Pound against other currencies. Technically, the bullish side still needs to break through successive resistance levels at 1.2785 and 1.2850. To confirm control and ultimately advance towards the next psychological resistance level at 1.3000. On the other hand, returning to the support level at 1.2580 during the same timeframe will be crucial for the bearish side to gain control of the trend. Limited movements are expected today given the market conditions and the holiday season. Throughout this week, restricted movements are anticipated as investors are reluctant to exit the market during the holiday season, affecting liquidity.
by AdmamTrade
GBPNZD Long Term Buying Trading IdeaHello Traders In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes_ (GBPNZD market update) 🟢What is The Next Opportunity on CHFJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
GBP/USD at 1.2550 Amid UK GDP and Fed DecisionGBP/USD exhibits a sideways trend as it braces for a slew of data releases from both the UK and the US, fluctuating around the 1.2550 level during the Asian trading session on Wednesday. The currency pair experienced notable volatility in the previous session, influenced by employment data from the UK and inflation figures from the US. Closing below 1.2550 in the 4-hour chart could expose the next support level at 1.2510-1.2500 (38.2% Fibonacci retracement of the latest uptrend, psychological level) before 1.2450-1.2440 (50% Fibonacci retracement, 200-period SMA). On the upside, 1.2600 (psychological level, 100-period SMA, 50-period SMA, 23.6% Fibonacci retracement) is considered the first resistance level, followed by 1.2625 (static level) and 1.2700 (psychological level, static level). After rising to 1.2600 in the early European trading session on Tuesday, GBP/USD reversed course and dipped below 1.2550. US inflation data for November could trigger significant moves ahead of policy meetings by the Federal Reserve (Fed) and the Bank of England (BoE). Annual wage inflation in the UK, measured by changes in Average Earnings including bonuses, sharply declined to 7.2% for the three months ending October from 8%. Average Earnings excluding bonuses increased by 7.3% in the same period, down from the previous 7.8%. Although the BoE is anticipated to provide policy insights this week, soft wage inflation figures might encourage policymakers expressing concerns about robust wage growth, making it challenging to bring inflation back to the 2% target. Reflecting the negative impact of this data on the British Pound, EUR/GBP has risen to the positive zone near 0.8600. Towards the end of the day, market participants will closely monitor the Consumer Price Index (CPI) data from the US. On a monthly basis, core CPI, excluding volatile energy and food prices, is forecasted to rise by 0.3%. A weaker-than-expected core inflation report could pose challenges for the USD in finding demand and assist GBP/USD in finding support in the latter half of the day. Conversely, results in line with or higher than analyst estimates may lead to further depreciation of this currency pair.
by Larissa-Trader
GBP/NZD ! 11/12 SELL NOW at the beginning of the week⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Monday, set up a SELL signal right at the nearest resistance zone, no important economic data today ⭐️ SET UP GBPNZD PRICE: 🔥SELL zone: 2.05200 - 2.05350 SL 2.05800 TP1: 2.05000 TP2: 2.04700 TP3: 2.04300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
"Speculation Mounts on Early Fed Rate Cuts"Investors are increasingly hopeful about potential interest rate cuts by the Federal Reserve in the first half of the upcoming year, despite officials, including Chairman Jerome Powell, maintaining that rate cuts are not currently on the table. Some analysts suggest a possible rate cut as early as the first quarter. Recent inflation figures and real-time forecasts indicate a noticeable economic slowdown since summer, deviating from the robust growth seen in the third quarter. Futures contracts reflect a growing belief in a rate cut within the next few months, with a 44% chance of the first cut occurring in March. If these predictions hold true, the impact on the Fed's longer-term strategy of raising interest rates could be significant, according to economists like Diane Swonk from KPMG. The Fed's two-day policy meeting this week is expected to conclude with the central bank maintaining the highest interest rates in 22 years for the third consecutive meeting. Officials will also release updated economic projections, likely indicating a faster-than-expected cooling of inflation. Despite some officials, including Powell, suggesting it's too early for rate hikes, investors believe the Fed's commitment to data-dependency may lead to early rate cuts. Powell's recent comments in Atlanta, stating no plans for rate hikes, resulted in a stock market surge as it echoed his dovish stance.
by Larissa-Trader
GBP/USD Sustains Three-Week Rally, Holding Above 1.2550GBP/USD has rebounded to the 1.2550 level after nearing 1.2500 in the latter half of the day following a stronger-than-expected Non-Farm Payroll (NFP) data of 199,000 in November. Despite the recent recovery, the pair remains on track to secure a three-week winning streak. GBP/USD may face immediate support at 1.2550-1.2560 (static level, Fibonacci retracement level of 23.6% of the latest uptrend). Closing below this level in the 4-hour chart could attract technical sellers, opening up the possibility of an extended decline to 1.2500 (psychological level, static level) and 1.2470 (Fibonacci retracement level of 38.2%). On the upside, 1.2600 (psychological level, static level) is considered a temporary resistance level before 1.2640 (50-period Simple Moving Average (SMA) on the 4-hour chart) and 1.2700 (static level, psychological level). GBP/USD closed positively on Thursday but failed to attract additional buyers early on Friday. The last time the pair was seen below 1.2600, with market focus shifting to the US November labor market data. Improved risk sentiment led to a loss in the US Dollar (USD) on Thursday, helping GBP/USD record a small daily gain. On Friday, US stock index futures trading was mixed, suggesting investors should exercise caution. The US Bureau of Labor Statistics monthly employment report is expected to show an increase of 180,000 in Non-Farm Payrolls (NFP) in November. Earlier this week, US employment-related figures indicated loosening conditions in the labor market. A disappointing NFP print below 150,000 could reaffirm the labor market recovery and immediately pressure the USD. On the other hand, a strong NFP index above 200,000 could counter market expectations for the Federal Reserve's policy change starting in March and help the USD maintain its position by the end of the week. According to CME Group's FedWatch tool, markets are currently pricing in a nearly 60% chance that the Fed will cut interest rates to 25 basis points in March.
by Larissa-Trader
GBP/USD Holds Below 1.2600, Despite Modest Daily GainsGBP/USD rebounded to the 1.2600 level after hitting a two-week low around 1.2550 earlier in the day. The US Dollar struggled to find demand on Thursday amid increasing signs of loosening conditions in the US labor market ahead of Friday's employment report. The 1.2600 level (20-period Simple Moving Average - SMA) is considered immediate resistance for GBP/USD, followed by 1.2650 (static level, 50-period SMA), and 1.2700 (static level). On the flip side, strong support lies at 1.2560, marked by the 23.6% Fibonacci retracement level and the 100-period SMA. If GBP/USD drops below this level and utilizes it as resistance, the next downside targets could be 1.2500 (psychological level, static) and 1.2470 (38.2% Fibonacci retracement level). The interplay between these support and resistance levels will likely shape the near-term movements of GBP/USD as traders monitor key technical and fundamental factors.
by Larissa-Trader
GBP/USD Reverses Course Towards 1.2700 Before Weekly Close GBP/USD has extended its recovery from around 1.2600 and is approaching 1.2700 due to the weakened US Dollar. The greenback lost momentum following comments from Fed's Powell. The daily chart for the GBP/USD pair shows it trading around 1.2650 after reaching a peak of 1.2674 in the morning European session. The pair is performing well above its moving averages, with the 20-day Simple Moving Average aiming to cross the 100 and 200 SMAs, often a sign of strong buying pressure. Meanwhile, technical indicators are pulling back from overbought levels but lack downside strength, reflecting limited selling pressure. Looking ahead on the 4-hour chart, the risk seems to be diminishing. The flat 20-period SMA limits the upside around 1.2675, although the 100 SMA maintains a much gentler upward slope than the current level. Finally, technical indicators point southward, with the Momentum indicator dipping below the 100-level and the Relative Strength Index (RSI) holding at a neutral level. A more substantial decline could be anticipated if the exchange rate breaks below 1.2605, the immediate support level. Support levels: 1.2605, 1.2570, 1.2525 Resistance levels: 1.2680, 1.2730, 1.2780 GBP/USD is poised for a stronger stance on Friday, recovering from the Thursday low of 1.2603. Hawkish comments from Bank of England (BoE) officials have supported the British Pound. Monetary Policy Committee (MPC) member Megan Greene stated that monetary policy would need to remain restrictive for an extended period to achieve the central bank's 2% inflation target. Greene also expressed concerns about prolonged inflation. Additionally, BoE's Jonathan Haskel noted that low unemployment rates could keep interest rates elevated. On the data front, the UK released the Nationwide House Price Index, which increased by 0.2% compared to the previous month in November, surpassing expectations. S&P Global also published the final estimate of the Manufacturing PMI for November, adjusted upwards to 47.2 from the preliminary estimate of 46.7.
by Larissa-Trader
GBPUSD Reassesses Support Levels Amidst Building Bearish MomentuThe GBPUSD pair is currently contending with downward pressure as it approaches recent lows near 1.2603. This downward move has caused the currency pair to slide below the 200-hour moving average, standing at 1.26212. Sustaining positions below this moving average may continue to empower sellers. However, there's a noteworthy support zone ranging from 1.2589 to 1.2602. A decisive break below this range could amplify the bearish sentiment. Should this occur, the next significant target for traders would be the 38.2% retracement of the November trading range, situated at 1.25240. This level holds particular significance following the prominent downtrend observed in November; breaching this retracement level is crucial to confirm seller dominance. The next downward momentum could focus on the convergence of the 100 and 200-day moving averages around 1.2475. Conversely, if the support zone between 1.2589 and 1.2602 holds firm, and prices bounce back above the 200-hour moving average at 1.26212, it could provide assurance to buyers that the short-term low might have been established. In this scenario, the next bullish target would be the 100-hour moving average at 1.26714, offering potential for a reversal in the currency pair's direction.
by Larissa-Trader
GBP/USD Holds Above 1.2600 Amid Thin Trading ConditionsGBP/USD is trading near the 1.2600 level, sustaining its recovery post the mixed U.S. PMI data on Black Friday. The pair is strengthened by a weaker U.S. Dollar and robust UK PMI data released on Thursday. Thin trading conditions may amplify GBP/USD price action. The Relative Strength Index (RSI) on the 4-hour chart comfortably stays above 50 on Friday, and GBP/USD continues to trade above the 20-period Simple Moving Average (SMA), reflecting a short-term uptrend. The level at 1.2550 (static level) is marked as a pivot point. After confirming this level as support, GBP/USD could target 1.2600 (50% Fibonacci retracement level of the downtrend from July to October) and 1.2670 (static level from August). On the flip side, 1.2525 (upper limit of the ascending regression channel) may be considered the first support level, followed by 1.2500 (psychological level) and 1.2450 (static level).
by Larissa-Trader
GBP/USD Rises Near 1.2540 After Surging to 1.2575 on ThursdayThe GBP/USD exchange rate is trading closely around the 1.2540 level after experiencing a short-term surge to its highest point in 10 weeks, driven by an unexpected uptick in the UK Purchasing Managers' Index (PMI) data on Thursday. The pair spent the latter part of the trading day navigating through a significantly restricted market due to subdued Thanksgiving holiday activity in the US. The Relative Strength Index (RSI) on the 4-hour chart has maintained above 50, indicating that Wednesday's decline was a technical correction rather than the start of a reversal. However, GBP/USD continues to trade near the upper limit of the upward regression channel, and buyers may choose to exercise caution before betting on additional profits in the near future. On the upside, 1.2550 (static level) is considered the first resistance before 1.2600 (Fibonacci 50% retracement level from the July to October downtrend) and 1.2670 (static level from August). In the event of a retreat below 1.2500 (psychological level, upper limit of the upward regression channel), 1.2450 (50-period Simple Moving Average on the 4-hour chart, static level) could be viewed as the next support level before 1.2400 (psychological level, midpoint of the upward regression channel). GBP/USD dropped to 1.2450 in Wednesday's US trading session, closing in the negative territory, ending a three-day consecutive uptrend. Improved risk sentiment and optimistic UK PMI data helped the pair regain traction and stabilize above 1.2500 on Thursday. The US Dollar strengthened midweek as US Treasury bond yields recovered following weekly data that showed initial jobless claims dropping to the lowest since early October at 209,000. The UK's autumn statement did not elicit a significant market reaction as investors were already informed about the budget proposal details. Commenting on the potential impact of the planned tax cuts for the British Pound, analysts Ulrich Leuchtmann and Tatha Ghose of Commerzbank noted that "lower taxes and public spending might be welcomed by Labour Party voters due to the impacts on individuals, but I find it hard to believe that forex traders and/or a large portion of voters will buy into the Laffer curve," stating that the tax plans may not be interpreted as a positive factor for GBP in this case. Meanwhile, the S&P Global/CIPS Composite PMI in the UK improved to 50.1 in the preliminary estimate for November from 48.7 in October, providing a boost for the British Pound. This reading indicates private sector business activity has expanded beyond the contraction territory. Assessing the survey results, Dr. John Glen, CIPS Director, noted, "November data shows encouraging signs of calmer waters ahead for the UK economy, although there are still signs that we have a short way to go before fully weathering the inflationary storm." Additionally, Manufacturing PMI and Services PMI rose to 46.7 and 50.5, respectively. Market dynamics are expected to ease in the latter part of the day, with trading volumes tapering off on Thanksgiving Day in the US.
by Larissa-Trader
1
GBP/USD Holds Steady as BoE Policy Outlook WeighsThe GBP/USD pair maintains a positive trend for the fourth consecutive day, trading around the 1.2535-1.2540 range in the Asian session, just below the highest level since September 9 touched the previous day. The immediate resistance at 1.2550 is seen against GBP/USD before 1.2600 (Fibonacci 50% retracement level from the July-October downtrend) and 1.2670 (static level from August). On the flip side, the initial support is at 1.2500 (psychological level, static level) before 1.2470, where the Fibonacci 38.2% retracement, the 20-day Simple Moving Average (SMA), and the upper limit of the upward regression channel intersect. Closing below the latter may open up further correction opportunities towards 1.2400 (psychological level, static level). GBP/USD rose above 1.2500 and reached the highest level since early September, nearly 1.2550 on Tuesday. Comments from Bank of England (BoE) policymakers on the policy outlook may influence the pair's action in the near future. On Monday evening, BoE Governor Andrew Bailey stated that they must monitor signs of persistent inflation that could prompt a return to rate hikes. Bailey reiterated that this policy will need to be restricted "for some time," noting that it is too early to consider rate cuts. Bailey and other members of the Monetary Policy Committee will testify before the Treasury Committee on Tuesday. If officials continue to try to persuade the market that they do not necessarily have to raise interest rates, the pound may gather strength to resist its major counterparts. In the U.S. trading session, economic data from the U.S. will present existing home sales data for October, which could cause a significant market reaction. The Federal Reserve (Fed) will release the minutes of the meeting from October 31 to November 1. Given the weak inflation data, which has led the market to begin pricing in the Fed's policy shift next year, announced after that meeting, comments in this publication may be outdated. Meanwhile, the UK's FTSE 100 index opened lower and was last seen down 0.5%. Similarly, U.S. stock index futures turned positive on a quiet Asian trading session. If safe-haven inflows return to the market later in the day, the U.S. dollar may escape selling pressure and limit GBP/USD's upside.
by Gwen_Humuna
1
GBP/USD Rebounds to $1.2500 After Budget AnnouncementGBP/USD closed positively for the third consecutive trading day on Tuesday, reaching its highest level since early September at $1.2560. While experiencing a slight pullback on Wednesday, the pair remains above the $1.2500 mark. UK Chancellor of the Exchequer, Jeremy Hunt, is set to unveil the autumn budget report in the late session. Hunt is expected to announce significant tax cuts for businesses to stimulate economic growth, raise the national living wage, and increase the income of low-wage workers by around 10%. Assessing the impact of these measures on inflation and inflation expectations is challenging, but recent comments from Bank of England (BoE) officials suggest caution in dismissing additional tightening measures in the future. In the latter half of the day, U.S. economic data will reveal durable goods orders for October and weekly initial jobless claims. If the number of initial jobless claims continues to rise, the US Dollar (USD) may struggle to find demand. Investors will also closely monitor developments on Wall Street ahead of the Thanksgiving holiday. In the event that risk aversion prevails after the opening bell, the USD could weaken against its counterparts.
by Larissa-Trader
1
GBP/USD Holds Firm Above 1.2500 Amid BoE Comments GBP/USD saw an increase on Tuesday as the British Pound outperformed following hawkish comments from officials at the Bank of England. The currency pair is holding firm above the 1.2500 level despite the U.S. Dollar's adjustment. The level at 1.2550 (static level) is considered immediate resistance for GBP/USD, preceding 1.2600 (Fibonacci 50% retracement level from the July to October downtrend) and 1.2670 (static level from August). On the flip side, the initial support is at 1.2500 (psychological level, static level) before 1.2470, where the 38.2% Fibonacci retracement level, Simple Moving Average (SMA) 20, and the upper limit of the ascending regression channel intersect. Closing below this level may open up opportunities for a deeper correction towards 1.2400 (psychological level, static level). GBP/USD rose above 1.2500, reaching its highest point since early September, near 1.2550 on Tuesday. Comments from Bank of England (BoE) policymakers on policy outlook may influence the pair in the coming days. On Monday evening, BoE Governor Andrew Bailey stated they must monitor signs of persistent inflation that could warrant an interest rate hike. Bailey reiterated that such a policy would need to be constrained "for some time" and noted it's too early to contemplate rate cuts. Bailey and other members of the Monetary Policy Committee will testify before the Treasury Select Committee on Tuesday. If officials continue to convince the market that they don't necessarily need to raise interest rates, the British Pound may gather strength to resist its major counterparts. In U.S. trading sessions, economic data from the United States will reveal the Existing Home Sales figures for October, likely causing notable market reactions. The Federal Reserve (Fed) will release the meeting minutes from October 31 to November 1. Given the weak inflation data, prompting market speculation about the Fed's policy changes next year, comments in this release may already be outdated. Meanwhile, the UK's FTSE 100 index opened lower, last seen down 0.5%. Similarly, U.S. stock futures turned positive after a quiet Asian trading session. If safe-haven inflows return to the market in the latter half of the day, the U.S. Dollar may escape downward pressure, limiting GBP/USD's upward momentum.
by Larissa-Trader
1
GBP/USD Surges Amid Weakening USDThe GBP/USD pair garnered buying interest during the Asian trading session on Monday, reaching a three-day high around the 1.2470 region. Despite this, the spot price remains below the key resistance of the 100-day Simple Moving Average (SMA) near the psychological level of 1.2500 and the two-month high touched last week. The US Dollar (USD) struggles to register any meaningful recovery and remains near its lowest level since September 1, serving as a primary support factor for the GBP/USD pair. Reports on US CPI and PPI released last week indicated that the inflation nightmare has finally subsided. This allows the Federal Reserve (Fed) to maintain its stance in the December meeting, exerting downward pressure on the USD. Furthermore, markets are assessing the possibility of the Fed starting interest rate cuts in early 2024 and designing a soft landing for the economy. This has pushed the yield on the 10-year US government bond to its lowest in two months at 4.379% on Friday. Additionally, the overall positive trend in the Asian stock markets weakens the safe-haven appeal of the greenback, further supporting the GBP/USD pair. However, markets have set expectations for the Bank of England (BoE) to commence interest rate cuts from their 15-year highs amid looming economic recession risks. Betting odds have been reaffirmed by weaker UK retail sales figures, adding to a series of negative information from the previous week and aligning with the gloomy prospects of the UK economy. This may impede any further upward movement for the GBP/USD pair. Even from a technical standpoint, last week's rejection near the 1.2500 level or the 100-day SMA barrier suggests caution, prompting traders to wait for a strong buying surge before betting on new price hikes. In the absence of any relevant economic information from the UK or the US, USD price dynamics will continue to play a crucial role in influencing the GBP/USD pair, allowing traders to seize short-term opportunities.
by Larissa-Trader
GBPNZD Long Term Buying Trading IdeaHello Traders In This Chart GBPNZD HOURLY Forex Forecast By FOREX PLANET today GBPNZD analysis 👆 🟢This Chart includes_ (GBPNZD market update) 🟢What is The Next Opportunity on CHFJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
GBP/USD Strengthens Above 1.2400 Amid Dollar Challenges"The GBP/USD pair consolidates its overnight slide from the 100-day Simple Moving Average (SMA) around the psychological level of 1.2500, or the two-month high, trading in a narrow range in Thursday's Asian session. Meanwhile, the spot price attempts to hold above the significant 1.2400 mark, contingent on the price dynamics of the U.S. Dollar (USD). The U.S. Dollar Index (DXY), tracking the greenback against a basket of currencies, struggles to capitalize on the modest recovery from its lowest since September 1, amid the Federal Reserve's dovish expectations. These bets were reassessed after Tuesday's U.S. CPI report, indicating a milder-than-expected decline in consumer inflation, suggesting a cooling economy. Furthermore, markets are increasingly pricing in the possibility of the Fed starting interest rate cuts in the first half of 2024, driving down U.S. Treasury bond yields and acting as a hurdle for the greenback. Additionally, the prevailing risk-acceptance environment is seen weakening the safe-haven status, providing some support for the GBP/USD pair. However, the upward trend is constrained as more anticipate the Bank of England (BoE) initiating interest rate cuts soon, reinforced by a slight drop in UK consumer inflation on Wednesday. In fact, the UK's monthly CPI remained unchanged, and the annual rate plummeted sharply from 6.7% to 4.6% in October – hitting a two-year low. Moreover, the core CPI also decreased from 6.1% in September to 5.7%. The mixed fundamental backdrop ensures caution among risk-seeking traders, waiting for clear short-term direction, especially with no significant macroeconomic data from the UK on Thursday. Meanwhile, the U.S. economic calendar includes regular weekly jobless claims, the Fed Philly Manufacturing Index, and industrial production figures. This, along with U.S. bond yields and broader risk sentiment, may influence USD price dynamics and allow traders to seize short-term opportunities around the GBP/USD pair.
by Larissa-Trader
GBP/USD Slips to 1.2450 on Weak UK Inflation DataGBP/USD faces modest downward pressure, dropping to 1.2450 in European trading on Wednesday. UK CPI inflation fell to 4.6% YoY in October from 6.7% in September, causing the British Pound to lose ground. The pair struggles to find firm footing above the 1.2300 level on daily closing basis, potentially paving the way for an extended recovery toward the psychological level of 1.2350. The 14-day Relative Strength Index (RSI) points upwards around the midline, indicating an ongoing upward momentum for the pair. The next resistance level is envisioned at the 200-day Simple Moving Average (SMA) at 1.2437. However, if the upward trend stalls, immediate support will likely be seen at the 50-day SMA at 1.2255, below which the 21-day SMA at 1.2205 may test bullish commitments. Further decline could challenge the 1.2100 demand area. The extended three-day recovery of GBP/USD in European trading on Tuesday, driven by positive mixed employment data in the UK, appears to be limited as traders exercise caution ahead of the highly significant US Consumer Price Index (CPI) data. The outcome of Wednesday's UK inflation data could significantly impact the Bank of England's interest rate outlook, adding volatility to the British Pound. Ahead of the crucial US CPI data, FXStreet's Senior Analyst Yohay Elam notes that unexpected results above 0.2% could lead to market reevaluation. A surprise decline in inflation might fuel Wall Street's rally while exerting pressure on the US Dollar. However, an as-expected release may immediately positively affect stocks and create pressure on the US Dollar, even if the core CPI remains high. Simultaneously, the pair may receive signals from improving risk sentiment, reflected in the slight uptick of 0.12% in the US S&P 500 futures contract.
by Gwen_Humuna