FX

GBP/USD Forecast: Next recovery target aligns at 1.1000 Following Wednesday’s rebound, GBP/USD came under bearish pressure in the Asian trading hours on Thursday and declined below 1.0800. The pair, however, had gathered its recovery momentum and climbed above 1.0850 in the early European session. The Bank of England’s (BoE) intervention in the gilt market triggered
USD/CAD probes five-day uptrend, retreats from 28-month top. Risk-aversion underpinned US dollar, drowned oil prices amid fears of aggressive central bank actions, recession. US Durable Goods Orders, CB Consumer Confidence will be important for immediate directions. Rush to risk safety can keep USD/CAD buyers hopeful even if the US data disappoints. USD/CAD bulls take a
EUR/USD seesaws around two-decade low, picks up bids of late. Italy’s election polls suggest right-wing, led by Meloni is up for victory. Russia’s nuclear threat, G7 leaders’ readiness for more sanctions on Moscow and hawkish Powell favored bears of late. Speech from ECB’s Lagarde, Italian election results will offer immediate directions, corrective bounce can’t be