currency markets

GBPUSD Reaches 1.30 Mark with Triple Zigzag Movement

Source Node: https://platodata.network/platowire/gbpusd-reaches-1-30-mark-with-triple-zigzag-movement/
Time Stamp: March 31, 2023 3:48 AM - Modified On: March 31, 2023 - Published By:
Source Cluster:
Republished By Plato

The GBPUSD currency pair has recently reached the 1.30 mark, a significant milestone for traders and investors alike. This movement has been characterized by a triple zigzag pattern, which has caused some confusion and uncertainty among market participants.A triple zigzag pattern is a complex correction pattern that occurs when the price of an asset moves in three distinct zigzag patterns. This type of pattern is rare and can be difficult to identify, but it can provide valuable insights into market trends and potential price movements.In the case of the GBPUSD

GBP/USD: Bullish Extension Eyed as Pound Sterling Price Rises – News and Forecast

Source Node: https://zephyrnet.com/pound-sterling-price-news-and-forecast-gbp-usd-bulls-are-in-the-market-and-eye-a-bullish-extension/
Time Stamp: March 21, 2023 3:53 PM - Modified On: March 21, 2023 - Published By:
Source Cluster:
Published by Plato

The GBP/USD currency pair has been on an upward trend lately, with the pound sterling rising against the US dollar. This bullish extension is being closely watched by traders and investors alike, as it could signal a shift in the global economic landscape.One of the key factors driving this rise in the pound sterling is the ongoing Brexit negotiations between the UK and the European Union. Despite some setbacks and delays, there is a growing sense of optimism that a deal will be reached before the end of the year.

Euro Continues to Rise as Market Turmoil Subsides: EUR/USD Update

Source Node: https://zephyrnet.com/eur-usd-euro-extends-rally-market-turmoil-eases/
Time Stamp: March 21, 2023 6:51 AM - Modified On: March 21, 2023 - Published By:
Source Cluster:
Published by Plato

The Euro has been on a steady rise against the US dollar in recent weeks, as market turmoil subsides and investors regain confidence in the global economy. The EUR/USD exchange rate has climbed from around 1.17 in early August to over 1.19 at the time of writing, marking a significant increase in value for the Euro.One of the main factors driving this upward trend is the easing of tensions surrounding the ongoing trade dispute between the US and China. While the two countries have yet to reach a formal agreement,

Rabobank: Bank of England Interest Rate Cut of 25 Basis Points Next Week Not Fully Reflected in Markets

Source Node: https://zephyrnet.com/boe-a-25-bps-next-week-not-fully-priced-in-interest-rate-markets-rabobank/
Time Stamp: March 18, 2023 11:58 PM - Modified On: March 18, 2023 - Published By:
Source Cluster:
Published by Plato

The Bank of England (BoE) is set to make a major announcement next week, with the potential to have a significant impact on the markets. According to reports, the BoE is expected to cut the interest rate by 25 basis points, which would be the first cut since 2009. This news has already caused a stir in the markets, with many investors and analysts speculating about the potential implications of such a move. Rabobank, one of the world’s leading banks, has weighed in on the situation. According to Rabobank’s chief

U.S. Dollar to Canadian Dollar Exchange Rate Recovers to 1.3770 After Week of Losses

Source Node: https://zephyrnet.com/usd-cad-trims-weekly-losses-rises-to-1-3770/
Time Stamp: March 17, 2023 2:35 PM - Modified On: March 17, 2023 - Published By:
Source Cluster:
Published by Plato

The U.S. dollar to Canadian dollar exchange rate has recently recovered to 1.3770 after a week of losses. This is good news for those who are trading in the currency markets and have been affected by the recent decline. The U.S. dollar to Canadian dollar exchange rate is an important indicator of the relative strength of the two currencies. It is determined by the demand for each currency and the supply of each currency. When the demand for one currency is greater than the supply of the other, the exchange

US Dollar Falls Further on Friday, Extending Weekly Losses

Source Node: https://zephyrnet.com/usd-drops-further-late-on-friday-extending-weekly-losses/
Time Stamp: March 5, 2023 6:02 AM - Modified On: March 5, 2023 - Published By:
Source Cluster:
Published by Plato

The US dollar continued its downward spiral on Friday, extending its losses for the week. The dollar index, which measures the greenback against a basket of six major currencies, fell to a two-week low of 92.51, down 0.3 percent on the day. The index has now lost more than 1 percent this week, its biggest weekly decline since late April. The dollar's losses come amid a broad-based selloff in the currency markets. The euro rose to a two-week high against the dollar, while the Japanese yen and British pound also

CIBC Forecasts GBP/USD to Retest Early 2023 Highs Above 1.24 in Q2

Source Node: https://zephyrnet.com/gbp-usd-to-retest-early-2023-highs-north-of-1-24-into-q2-cibc/
Time Stamp: March 2, 2023 10:37 AM - Modified On: March 2, 2023 - Published By:
Source Cluster:
Published by Plato

2021 The British pound has been on a roller coaster ride in recent years, but CIBC is now forecasting that the GBP/USD exchange rate could reach its highest level since early 2023 in the second quarter of 2021. This would be a significant milestone for the currency pair, which has been trading in a range between 1.15 and 1.20 for the past few months. The Canadian Imperial Bank of Commerce (CIBC) recently released its quarterly currency forecast, which predicts that the GBP/USD exchange rate will reach 1.24 in the second

What is the Impact of the Euro’s Plunge on Thursday on the US Dollar?

Source Node: https://zephyrnet.com/the-euro-plummeted-on-thursday-how-is-the-dollar-faring/
Time Stamp: March 2, 2023 10:16 AM - Modified On: March 2, 2023 - Published By:
Source Cluster:
Published by Plato

The euro’s plunge on Thursday had a significant impact on the US dollar. The euro dropped to its lowest level in over two years against the US dollar, causing a ripple effect on global currency markets. This sudden shift in the euro’s value has caused investors to reevaluate their positions in the US dollar, as well as other currencies. The euro’s plunge was primarily caused by the European Central Bank’s decision to cut interest rates to a record low. This decision was made in an effort to stimulate the European

USD/CHF Exchange Rate at 0.9400 as Swiss Data and Inflation Fears Compete

Source Node: https://zephyrnet.com/usd-chf-bulls-lurk-around-0-9400-as-softer-swiss-data-battles-inflation-fears/
Time Stamp: March 1, 2023 7:02 PM - Modified On: March 1, 2023 - Published By:
Source Cluster:
Published by Plato

The USD/CHF exchange rate has been hovering around the 0.9400 mark in recent weeks, as the Swiss economy continues to grapple with the effects of a strong Swiss franc and rising inflation. The Swiss franc has been a safe-haven currency for investors in times of economic uncertainty, and this has led to an appreciation of the currency against the US dollar. This has put pressure on the Swiss economy, as it has made exports more expensive and reduced the purchasing power of consumers. In response to this, the Swiss National