The GBP/USD exchange rate maintained a firm footing in recent sessions, even as global financial markets reacted to softer-than-expected U.S. inflation data. The pair rose to a high of 1.3555, slightly below the year-to-date peak of 1.3616, highlighting persistent bullish sentiment in the face of shifting macroeconomic fundamentals.  However, technical indicators now signal potential bearish divergence, raising the probability of a pullback as a rising wedge pattern begins to materialize on the charts. Gradiopexo’s team of experts unpacks the details of this subject in their latest analysis. U.S. Inflation Data and Dollar Weakness The U.S. Consumer Price Index (CPI) for...

Bitcoin (BTC) is once again capturing the spotlight in the financial markets as the BTC/USD pair hovers near a significant resistance level, showing signs of a potential bullish breakout. After weeks of tight consolidation, the cryptocurrency appears ready for a renewed uptrend, fueled by macroeconomic stability, strong spot ETF inflows, and favorable technical indicators. This article by the brokers at Gradiopexo delves into the critical drivers and price action dynamics that are positioning Bitcoin for a possible bullish continuation. Macro Stability Supporting Risk-On Sentiment One of the main catalysts driving optimism in risk assets like Bitcoin is the recent release...

The AUD/USD forex pair remains in a consolidation phase, with traders awaiting clearer direction from upcoming macroeconomic catalysts. Hovering at the critical psychological level of 0.6500, the pair’s trajectory could shift significantly depending on incoming inflation data and global economic sentiment.  Notably, a golden cross pattern is taking shape, potentially signaling a bullish breakout, yet technical risks remain on the radar. The brokers at Gradiopexo offer an in-depth breakdown of this topic in the article below. US-China Deal and Inflation Data Keep AUD/USD Flat The Australian dollar (AUD) and US dollar (USD) exchange rate stayed virtually unchanged on Tuesday, June...

The USD/MXN currency pair surged past the key 19.00 psychological barrier in Friday’s early European trading session, reaching levels near 19.05, marking a 0.98% gain on the day.  The advance in the pair is largely driven by escalating geopolitical tensions in the Middle East, primarily between Israel and Iran, which have triggered a renewed wave of risk-off sentiment. Gain insights into the subject with this clear and concise overview provided by Fimatron’s brokers. This geopolitical anxiety is channeling demand into the safe-haven US Dollar (USD), while putting pressure on the Mexican Peso (MXN). However, rising expectations for Federal Reserve rate...

Bitcoin (BTC), the world’s leading cryptocurrency by market capitalization, continues to face significant resistance near the $110,000 level, a price zone that has emerged as a critical psychological ceiling.  The recent trading behavior suggests that BTC is now attempting to establish a new consolidation range following a meteoric rally. This price action could indicate a potential pause in the upward momentum, which is typical during prolonged bull markets.  As traders and investors digest gains, technical indicators are offering important clues for Bitcoin’s next possible move. This informative article from Fimatron outlines the main considerations and implications of the topic. Technical...