The British pound strengthened against the dollar on Wednesday after investors reacted positively to reports suggesting the United States and Iran were moving closer to a deal aimed at ending the war. Sterling rose 0.6% to $1.3621, trading near its highest level since February. Against the euro, the pound remained largely unchanged, leaving the single
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Ethereum cryptocurrency cab be expected to rise to the next resistance level 2600.00 (provided the price breaks above the resistance level 2470.00). Ethereum reversed from support area Likely to rise to resistance level 2470.00 Ethereum cryptocurrency recently reversed up from the support area between the support level 2200.00 (former resistance from the end of March,
The British pound remained broadly stable on Tuesday, as traders turned their attention to the upcoming UK local elections and escalating tensions between the United States and Iran in the Strait of Hormuz. Sterling was little changed at $1.3539 and edged slightly higher against the euro, trading at 86.31 pence. Market participants appeared cautious, balancing
Gold continues to hold firm above the $2,565 support area, maintaining upward momentum, while WTI crude oil is showing renewed weakness and may extend losses below $96.50. Key Points for Today’s Gold and WTI Analysis • Gold has rebounded from the $4,500 level against the US dollar. • A key descending trend line around $4,620
EURGBP currency pair can be expected to rise to the next resistance level 0.8670 (which reversed the price multiple times at the end of April). EURGBP reversed from long-term support 0.8610 Likely to rise to resistance level 0.8670 EURGBP currency pair recently reversed from the support area between the strong long-term support level 0.86100 (which
Geopolitical tensions in the Middle East drive safe-haven Dollar demand, while surging energy prices fuel inflation and hawkish central bank policies. The Geopolitical Shadow Over the Strait of Hormuz The global financial landscape is currently dominated by a sharp escalation in tensions between the United States and Iran, centered on the strategic waters of the
The Japanese yen was largely unchanged on Monday morning as investors reacted to last week’s intervention by the Bank of Japan (BoJ). The USD/JPY exchange rate was trading at 158 on Monday, down from last week’s high of 160. Bank of Japan intervention The USD/JPY exchange rate is in the spotlight this week as investors
Bitcoin cryptocurrency cab be expected to rise to the next resistance level 85000.00 (former strong support from December). Brent crude oil reversed from support area Likely to rise to resistance level 85000.00 Bitcoin cryptocurrency recently reversed from the support area between the support level 75000.00 (former resistance from March which stopped previous wave (A), as
The Fed held on 29 April as widely expected with Jerome Powell to remain on the board until 2028. This article was submitted by Michael Stark, an analyst at Exness. The US dollar posted a modest decline in most of its pairs after the meeting of the Federal Reserve (the Fed) on 29 April. There