The British pound is struggling, and there are a lot of reasons for that. What's the outlook?
Daily Market Analysis
GBP/JPY has formed a higher low, retraced 50% of the February-March decline, closed above 134.40 on Wednesday and is trading above the March high.
AUD looks stronger, RBA keeps the rate steady. How positive is the picture?
On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).
The USD/CAD price has been falling down since March 19. What are the reasons?
So are Russia and Saudi Arabia going to strike a deal? And where is the US?
Will there be lower bottom with S&P or not? Let's analyze together.
How does the GBP/USD look like?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
S&P was looking upwards just a day ago. Something changed?
As today is the last day of the first quarter, let’s look at the performance of the major currency pairs and analyze what may come next for them.