NEWS: GBPJPY consolidates between trend lines. Can the buyers make a push? May 17, 2021 at 05:09PM

NEWS: GBPJPY consolidates between trend lines. Can the buyers make a push? May 17, 2021 at 05:09PM

Trades near highs.
A break above the trendline currently at 154.24, would still have to get through the highs seen over the last week at 154.275 (from Friday), 154.324 (from Thursday) and 154.424 (from Wednesday).

Continue Reading:…

Search Web: GBPJPY consolidates between trend lines. Can the buyers make a push?

HN4MAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

About Post Author

fonecablecom

marketing@fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

FL NEWS

USD/CHF Price Forecast: Slides below 200-day SMA, bears gain steam 8 April 2026

The USD/CHF retreats some 0.85% on Wednesday after failing to clear the April 7 daily high of 0.8010, and as the pair slides beneath the 200-day SMA of 0.7940, as market sentiment gets lifted by a two-week ceasefire in the Middle East conflict.

USD/INR: RBI curbs speculative longs, room to fall – OCBC 8 April 2026

OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/INR has dropped sharply as RBI’s targeted regulatory measures curbed speculative positioning and tightened market microstructure.

Silver Price Forecast: XAG/USD consolidates within bearish flag on 4-hour chart 8 April 2026

Silver (XAG/USD) trades with a positive bias on Wednesday, supported by a broadly weaker US Dollar following a two-week ceasefire agreement between the United States and Iran. At the time of writing, XAG/USD is trading around $74.50, up nearly 2% on the day after hitting an intraday high of $77.65.

Gold climbs on US-Iran ceasefire as softer Dollar, Oil lend support 8 April 2026

Gold (XAU/USD) advances on Wednesday, yet trades off a three-week high of $4,857 hit earlier in the day, as falling Oil prices weighed on the US Dollar, which weakened to a four-week low in the US Dollar Index (DXY). At the time of writing, the XAU/USD pair trades at $4,735, up more than 0.70%.

Breaking: Fed Minutes show patience, but risks now clearly two-sided 8 April 2026

The Minutes from the Federal Reserve’s (Fed) March meeting, released on Wednesday, reinforce the idea that the Fed is firmly in wait-and-see mode, but with a growing recognition that risks are becoming more balanced.

Fed: Later cuts as inflation re-firms – Wells Fargo 8 April 2026

Wells Fargo economists now expect the Federal Reserve (Fed) to delay easing in response to higher Oil prices and stickier inflation.

Pound Sterling Price News and Forecast: GBP/USD surges as Iran truce dents US Dollar broadly 8 April 2026

The Pound Sterling (GBP) rallies on Wednesday, advancing for the third straight day this week, up more than 1.10% due to broad US Dollar (USD) weakness, sparked by an improvement in risk appetite following a two-week ceasefire between the US and Iran.

USD/JPY: Strong Yen with BoJ tightening support – Scotiabank 8 April 2026

Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) has gained over 0.7% versus the US Dollar (USD) but still lags other G10 currencies as risk sentiment improves on the ceasefire.

United States 10-Year Note Auction climbed from previous 4.217% to 4.282% 8 April 2026

United States 10-Year Note Auction climbed from previous 4.217% to 4.282%

Dow Jones Industrial Average futures surge 1,200 points on ceasefire, but cracks are emerging 8 April 2026

Dow Jones Industrial Average (DJIA) futures surged around 1,200 points on Wednesday, up close to 2.6%, after a last-minute diplomatic breakthrough averted what had been shaping up as a catastrophic escalation of the US-Iran war.

Hungary: Inflation set to reaccelerate – ING 8 April 2026

ING economists Peter Virovacz and Zoltán Homolya note that Hungarian inflation in March 2026 surprised on the downside versus expectations but remained above February’s decade low.

WTI slides sharply after US-Iran ceasefire removes war premium 8 April 2026

West Texas Intermediate (WTI) Crude Oil trades sharply lower on Wednesday, falling more than 10% after a temporary ceasefire agreement between the United States and Iran reduced the geopolitical risk premium embedded in prices.

USD/JPY Price Analysis: Fragile ceasefire fuels volatility as markets read between the lines 8 April 2026

The USD/JPY pair fell near the 158.30 region on Wednesday, even as the United States (US), Iran and Israel had agreed on a two-week ceasefire.

Gold struggles to build on gains despite weaker US Dollar 8 April 2026

Gold (XAU/USD) gives back part of its earlier gains after rising to three-week highs on Wednesday following news of a two-week ceasefire between the United States and Iran. At the time of writing, XAU/USD is trading around $4,755, up nearly 1% on the day after touching an intraday high of $4,857.

USD/CAD weakens as US-Iran ceasefire cools Dollar demand 8 April 2026

USD/CAD trades with a downside bias on Wednesday, as the US Dollar (USD) comes under broad selling pressure following a temporary ceasefire agreement between the United States and Iran. At the time of writing, the pair is trading around 1.3847, extending losses for the third straight day.

GBP/USD surges as Iran truce dents US Dollar broadly 8 April 2026

NASDAQ 100 gaps up on two-week ceasefire but traders take profit 8 April 2026

The NASDAQ 100 gapped up 3.5% at the open on Wednesday, its largest single-session percentage gain since May 12, 2025. The cause was US President Donald Trump agreeing to a two-week ceasefire with Iran late Tuesday, hours before he promised to destroy the country.

Brent: Elevated prices after ceasefire relief – Commerzbank 8 April 2026

Commerzbank’s Thu Lan Nguyen notes that Brent prices dropped by USD 15 on news of a two‑week U.S.–Iran ceasefire and reopening of the Strait of Hormuz, but still trade near USD 95, well above pre‑war levels.

Oil tankers passing through Hormuz stopped after Israel's ceasefire breach – Fars News Agency 8 April 2026

Iran's Fars News Agency reported on Wednesday that oil tankers passing through the Strait of Hormuz have been stopped after Israel breached the ceasefire, per Reuters.

Eurozone: Weak demand offsets supply constraints – BNP Paribas 8 April 2026

BNP Paribas analysts argue that weaker demand in the Eurozone compared to 2022 is helping to contain inflation, even as supply constraints remain above historical averages.

Breaking News

Trades near highs. A break above the trendline currently at 154.24, would still have to get through the highs seen over the last week at 154.275 (from Friday), 154.324 (from Thursday) and 154.424 (from Wednesday).

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Related Post

Featured widget

Trades near highs.
A break above the trendline currently at 154.24, would still have to get through the highs seen over the last week at 154.275 (from Friday), 154.324 (from Thursday) and 154.424 (from Wednesday).