GBP/USD

GBP/USD Eyes Breakout Above 1.33 as Sterling Gains Momentum in 2024

GBP/USD eyes a decisive breakout above 1.33 as Sterling gains momentum amid resilient UK inflation and hawkish BoE signals. Fed’s “higher for longer” stance supports USD but creates volatility. UK election uncertainty adds complexity ahead. Traders watch key levels closely. #Forex #GBPUSD #TradingNews

GBP/USD

GBP/USD Breaks 1.33: Bullish Surge on Horizon as Pound Targets Key Resistance

GBP/USD is building bullish momentum and eyeing a breakout above the key 1.33 level. Technical indicators like the golden cross and ascending support line back the case, while UK economic resilience and a cautious Bank of England stance provide fundamental support. A clear move past 1.33 could pave the way for higher levels toward 1.3450.
Full analysis by Nick Cawley at TradingNews.com.
Read more: https://www.tradingnews.com/news/gbp-usdprice-forecst-eyes-133-breakout

USD/CAD

Elliott Wave Forecast: Gold Nears Major Turn as 2025 Market Cycles Converge

Elliott Wave analysis of gold as of Dec 1, 2025, indicates the metal is likely nearing completion of a five-wave impulse pattern, suggesting a potential corrective phase ahead. Key retracement levels to watch are $1,925, $1,855, and possibly $1,780. Traders should prepare for increased volatility amid shifting momentum. Insights by EWM Interactive.

AUD/USD

“Australian Dollar Holds Steady Near 0.6535 Amid Persistent Inflation and Weaker US Dollar”

The AUD/USD pair remains steady near 0.6535, supported by persistent inflation in Australia that keeps the Reserve Bank cautious on policy, while the US dollar eases amid signs of a slower US economy and expectations of a Federal Reserve rate cut later this year. Traders continue to watch inflation data and central bank signals for clues on the currency’s next move.

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