Pound Sterling struggles vs USD as 200-day SMA caps gains

Pound Sterling struggles vs USD as 200-day SMA caps gains

The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday. Spot prices stick to modest intraday losses below the 1.3400 mark through the early European session and react little to the latest UK consumer inflation figures. The UK Office […]

Struggles below $88.00 as bearish signals persist

Struggles below .00 as bearish signals persist

West Texas Intermediate (WTI) Crude Oil prices reverse an intraday fall to the $86.00 mark, back closer to the overnight swing low, though traders seem reluctant to place directional bets amid mixed geopolitical signals. Reports suggest that diplomatic efforts are underway to introduce a one-month ceasefire mechanism to allow the US and Iran to negotiate […]