Good Morning! The Dollar Index is trading near the support of around 108.75.
The Dollar Index is trading near the support of around 108.75. For now, the view remains intact to see a rise towards 111. The Euro can have an upside capped at 1.0350/04 and can fall to 1.02 or lower in the near term.
has immediate support around 155, above which there could be scope to see a rise back towards 158 in the near term. is trading at the crucial level of 160, so we need to see whether it holds or not. The upside is capped at 164.
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GBP/USD Slides on 'Death Cross' and US Dollar StrengthThe GBP/USD currency pair fell to 1.2695 on Wednesday, pressured by a strong US dollar and a bearish technical signal known as a 'death cross'. While UK inflation data came in higher than expected, the Pound Sterling weakened against the US dollar.
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GBP/USD Dips Below 1.26 as Fed Signals Hawkish CutThe British Pound weakened against the US Dollar after the Federal Reserve announced a 25 basis point rate cut, signaling a more hawkish stance for 2025. Earlier gains for GBP/USD were fueled by the UK CPI data, which exceeded expectations. Investors are now awaiting the Bank of England's interest rate decision for further GBP movement.
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GBP/USD Rebounds as BoE Expected to Hold Rates SteadyThe British Pound (GBP) strengthened against the US Dollar (USD) after reaching a 1% decline following the Federal Reserve's (Fed) hawkish rate cut. The BoE is anticipated to maintain interest rates unchanged, while focusing on curbing domestic inflation, which rose to 2.6% YoY in November. The Fed's 'dot plot' projected only two rate cuts in 2025, down from four previously, signaling a cautious approach to further easing.
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UNLV Upsets Cal in LA Bowl for First Bowl Win Since 2000No. 24 UNLV defeated California 24-13 in the LA Bowl, marking their first bowl victory since 2000 and an unprecedented 11 wins for the program.
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GBP/USD Rebounds After Wednesday's LossesGBP/USD recovers towards 1.2650 following a sharp decline on Wednesday, fueled by a hawkish twist in the Fed's dot plot. The Bank of England is expected to keep the bank rate steady at 4.75%. The article provides insights into the currency's performance against major currencies and analyzes the implications of the Fed's latest projections.
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GBP/USD Falls After BoE Holds Interest RatesThe British Pound trimmed some of its gains against the US Dollar after the Bank of England (BoE) maintained current interest rates. Despite reaching a daily high of 1.2664, GBP/USD retreated below 1.2600, trading at 1.2578. Technical indicators suggest a downward bias, with potential for further declines towards 1.2550, 1.2486, and 1.2299. Uptrend seen if GBP/USD reclaims 1.2600 and 1.2728.
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