EUR/USD

Forex Market Analysis: USD Rises Early on Wednesday Amid Federal Reserve Anticipation

Forex Market Analysis: USD gains early momentum on Wednesday as cautious traders await the Federal Reserve rate decision and U.S. CPI data. EUR/USD slips amid Eurozone weakness and ECB rate cut signals while GBP/USD finds support from stronger UK wage growth but remains limited by dollar resilience. Key support and resistance levels will guide near-term moves. Written by James Hyerczyk | Source: FXEmpire.com

GBP/USD

GBP/USD Churns Near 1.3300 as Markets Await Key BoE and US CPI Reports

GBP/USD trades just above 1.3300 as markets await key UK and US data this week. Focus centers on the Bank of England’s rate decision amid persistent UK inflation and the upcoming US CPI report, which could guide the Federal Reserve’s next moves. Volatility expected as traders gauge policy directions.
Original article credit: VT Markets News Team

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