
FxWirePro: GBP/USD gains after BoE delivers widely expected rate cut
May 08, 2025 11:29 am UTC| Technicals
GBP/USD advanced on Wednesday after the Bank of England implemented a widely expected interest rate cut. The BoE cut its main rate by 25 basis points to 4.25%, despite an unexpected three-way split among policymakers,...

FxWirePro- Major European Indices
May 08, 2025 11:26 am UTC| Technicals
Germany DAX - 23428 (0.88%) Major resistance- 24000 Near-term resistance 23500/23800/24000. Minor support - 23080/22900/22780/22500/22300/22000/21700/21400. Trend reversal level- 17000 The...
FxWirePro- Major Pair market sentiment (CCI-ADX-EMA setup)(US Session)
May 08, 2025 11:12 am UTC| Technicals
4-Hour 8-hour Major resistance Major Support Trend...

FxWirePro:USD/CNY uptrend gains momentum but hurdles ahead
May 08, 2025 10:24 am UTC| Technicals
USD/CNY strengthened on Thursday as the Chinese yuan weakened as investors assessed the direction of U.S.-China trade negotiations. U.S. Treasury Secretary Scott Bessent will meet Chinas top economic official on May 10...

FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
May 08, 2025 10:15 am UTC| Technicals
The USD/ZAR initially gained but gave up ground as investors reacted to mixed signals from U.S.-China trade talks. U.S. President Trump said Beijing initiated the upcoming high-level trade talks but insisted on keeping...

FxWirePro: USD/JPY bulls reclaim momentum in bid for 145.50 level
May 08, 2025 06:58 am UTC| Technicals
USD/JPY advanced on Thursday as the dollar held most of its overnight gains as markets pushed out the chance of near-term rate cuts. Overnight, the Federal Reserve kept the policy rate at 4.25%-4.5% as expected, but...