Author: admin

United States MBA Mortgage Applications: -3.8% (December 12) vs previous 4.8%

The Euro (EUR) has benefited from Germany’s fiscal loosening and diversification flows, but stronger US growth projections and resilient consumer spending suggest EUR/USD may remain range-bound in 2026 rather than extending a major rally, Rabobank’s FX analyst Jane Foley reports.

The Euro (EUR) has benefited from Germany’s fiscal loosening and diversification flows, but stronger US growth projections and resilient consumer spending suggest EUR/USD may remain range-bound in 2026 rather than extending a major rally, Rabobank’s FX analyst Jane Foley reports.

Gold (XAU/USD) trades with a mild positive bias on Wednesday but struggles to build on early gains, as a rebound in the US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD is trading around $4,315, easing back after briefly touching $4,342 during the early European session.

Gold (XAU/USD) trades with a mild positive bias on Wednesday but struggles to build on early gains, as a rebound in the US Dollar (USD) caps upside momentum. At the time of writing, XAU/USD is trading around $4,315, easing back after briefly touching $4,342 during the early European session.

The Pound Sterling (GBP) is under pressure after UK inflation fell more than expected in November, paving the way for the Bank of England (BoE) to deliver a widely anticipated 25bps rate cut tomorrow. Markets now price in an accelerated easing cycle over the next year, BBH FX analysts report.

The Pound Sterling (GBP) is under pressure after UK inflation fell more than expected in November, paving the way for the Bank of England (BoE) to deliver a widely anticipated 25bps rate cut tomorrow. Markets now price in an accelerated easing cycle over the next year, BBH FX analysts report.

EUR/USD consolidates previous losses at 1.1715 at the time of writing, down from nearly three-month highs above the 1.1800 line on Tuesday.

The AUD/USD pair extends its correction further to near 0.6620 during the European trading session on Wednesday, which started on Thursday after refreshing an almost three-month high near 0.6686.

In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of GBPUSD. In which, the rally from 13 January 2025 low is unfolded as impulse sequence & showed a higher high sequence therefore, called for an extension higher to take place.