GBP/USD Weekly Forecast (20th September 2021 – 24th September 2021)

Fundamental view: Pound has initially rallied against the greenback but later fell closing with a weekly bear candle. In US inflation has eased.  Easing inflation allows Federal Reserve Chair Jerome Powell to insist that price rises are transitory and potentially delay the bank's taper decision. UK Prime Minister Boris Johnson made a shuffling in his [...]

EUR/USD Weekly Forecast (20th September 2021 – 24th September 2021)

Fundamental view: The Euro has initially rallied during the course of the trading week but later fell to form a bearish candle. The corporate has benefited from economic growth and price pressures wane failed to impress Wall Street, which remained in a downbeat mood. That supported the safe-haven dollar. Isabel Schanel, a German member of [...]

Upbeat economic data favors dollar

The dollar rose against most pairs today after the US Federal Reserve re-created strong US economic data expectations for Austerity measures. The movement of the cable pair is primarily driven by the gains at night in the green back. Demand for the US dollar has risen globally due to better-than-expected economic data and concerns about [...]