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Pairs in Focus This Week – GBP/USD, EUR/USD, USD/CHF, USD/CAD, BTC/USD, Gold, NASDAQ 100, Oil
GBP/USD: The GBP/USD has melted down during the course of the week as we have seen the Bank of England step away from its interest rate hiking cycle, suggesting that perhaps we are going to continue to see lackluster performance coming out of Great Britain. Furthermore, although the Federal Reserve held firm, it does look like the Fed is going to remain tight with its monetary policy, thereby favoring US dollar buying against most currencies, not just this one. chart EUR/USD: The EUR/USD initially tried to rally during the course of the trading we, only to show signs of resistance above. Ultimately, this is a ... (full story)