Trades lower near 1.3350 before BoE decision

Trades lower near 1.3350 before BoE decision

The GBP/USD pair meets with fresh supply on Thursday and retreats further from the weekly high, around the 1.3385-1.3390 region, touched the previous day. Spot prices stick to modest intraday losses through the first half of the European session and currently trade around mid-1.3300s amid a broadly firmer US Dollar (USD). Following the previous day’s […]

Rebounds above 1.4050, constructive outlook prevails above 100-day SMA

Rebounds above 1.4050, constructive outlook prevails above 100-day SMA

The USD/CAD pair trades in positive territory near 1.4050 during the early European session on Thursday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) on hawkish signals from the US Federal Reserve (Fed). The preliminary reading of the US Gross Domestic Product (GDP) for the second quarter (Q2) is due later in the day.  […]