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GBP/USD Price Forecast: Bullish-engulfing pattern looms, traders eye 1.36
The GBP/USD advanced by some 0.78% on Thursday as market participants continued to price in further tightening by the Bank of England, even though it kept rates steady earlier. At the time of writing, trades at 1.3581, as a technical ‘bullish engulfing’ chart pattern, looms.
Fxstreet
Thu, Apr 30
USD/CAD falls as Dollar weakens on possible Japan FX intervention
USD/CAD trades on the back foot on Thursday as renewed weakness in the US Dollar (USD) supports the Canadian Dollar (CAD), while the latest US economic data fails to provide support to the Greenback. At the time of writing, the pair is trading around 1.3612, down nearly 0.53% on the day.
Fxstreet
Thu, Apr 30
EUR/GBP slips as ECB and BoE hold rates, but hawks stay alert now
The EUR/GBP falls some 0.16% during the day as the central bank bonanza ends with the ECB and the BoE keeping interest rates unchanged as expected. The cross-pair trades at around 0.8644 after reaching a daily high of 0.8667.
Fxstreet
Thu, Apr 30
USD/CAD: Bearish tone caps rallies – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is edging higher as the softer US Dollar (USD) and a narrower 1Y US/Canada swap spread support the currency. The Bank of Canada (BoC) left policy unchanged, highlighting offsetting risks from Oil and trade.Fxstreet
Thu, Apr 30
Pound Sterling faces pressure after BoE leaves interest rates unchanged at 3.75%, as expected
The Pound Sterling (GBP) faces selling pressure, prima facie, after the Bank of England’s (BoE) monetary policy announcement. As expected, the BoE has left interest rates unchanged at 3.75%, with an 8-1 majority. This is the third straight meeting that the BoE has maintained the status quo.Fxstreet
Thu, Apr 30
USD/CAD edges lower as Oil retreat, Fed-BoC policy split keep volatility elevated
USD/CAD trades around 1.3655 on Thursday, down 0.21% on the day, after stabilizing in the previous day. The pair faces short-term pressure due to a modest pullback in the US Dollar, although downside momentum may remain limited in an uncertain macro environment.Fxstreet
Thu, Apr 30
EUR/JPY drops to near 186.00 amid fresh intervention warnings from Japan
The Euro (EUR) has pulled back form two week highs above 187.50 against the Japanese Yen (JPY) on Thursday, retreating to 186.20 at the time of writing, as Japanese Finance Minister Satsuki Katayama launched a clear intervention warning.Fxstreet
Thu, Apr 30
NZD/USD Price Forecast: Rises to near 0.5850 despite fading bullish bias
NZD/USD gains ground after two days of losses, trading around 0.5840 during the European hours on Thursday. The technical analysis of the daily chart signals an emerging bearish bias as the pair remains below the ascending channel.
Fxstreet
Thu, Apr 30
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