GBP/USD is building on recent gains, trading above the 1.2500 support zone with bullish momentum supported by improving UK economic indicators and a softer US dollar. Key resistance lies near 1.2655 and 1.2710. Watch for potential continuation amid positive fundamentals and strong technical signals. #Forex #GBPUSD
EUR/USD slips amid mixed Eurozone data and hawkish Fed signals. Strong US economic reports and Fed caution boost the dollar, while ECB uncertainty adds pressure. Market volatility expected as key economic releases approach. Traders remain on alert.
USD/JPY breaks past 150, signaling renewed bullish momentum amid hawkish Fed policies and BOJ’s ultra-loose stance. Traders watch for potential intervention as Dollar strength gains traction with rising US yields and resilient economic data. Next targets: 151.50 and 152.00. #Forex #USDJPY
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Australian sharemarket poised to open higher following Wall Street’s tech rally. Positive US economic data, easing Treasury yields, and strong performances from AMD, NVIDIA, and other tech giants have lifted investor sentiment. ASX set to benefit as global markets gain confidence amid hopes of slower rate hikes ahead.
GBP/USD has slid to a multi-week low of 1.3433 amid broad US dollar strength and renewed economic uncertainty in the UK. Hawkish Fed signals, stalled UK growth, and central bank divergence continue to weigh on the pound. Technicals suggest further downside risk, with key support near 1.3400 in focus. Traders should watch upcoming UK inflation and labor data for direction.
Master Forex price action by mastering key concepts from WicksDontLie: identify support and resistance zones on higher timeframes, confirm market structure and trend bias, watch for wick rejections signaling strong reaction, and enter on clear setups around these zones. Keep it simple, focus on price, manage risk, and trade with patience for consistent results.
USD/JPY breaks above the key 150 level, signaling strong bullish momentum fueled by U.S. dollar strength and Bank of Japan’s dovish stance. Watch for potential resistance near 151.50 and the risk of policy intervention from Japanese authorities amid widening interest rate differentials. #Forex #USDJPY #CurrencyMarkets
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ASX set to climb as Wall Street tech stocks rally, led by AMD’s surge on strong AI-driven demand projections. Positive global momentum and robust commodity prices support a bullish start for the Australian market. #ASX #AMD #TechRally
