Ichimoku Cloud Analysis: GBP/USD, XAU/USD, USD/JPY

GBP/USD is correcting after breaching the upper boundary of the Triangle pattern

FXStreet03:58 ET

Pound Sterling Consolidates as Investors Await US ISM Services PMI and Employment Data

The Pound Sterling remains sideways against the US Dollar with eyes on crucial US economic data

FXStreet03:31 ET

Dollar Crisis Warning: The US economy is weak, and non-farm data will trigger the market!

The US economy has not shown any major danger signals, but some small worries are accumulating. The manufacturing PMI was in contraction range on Monday. As weak economic data gives the Federal Reserve a strong inclination towards loose policies, the dollar is declining. This Friday, the dollar will face the challenge of May's non-farm employment data.

FX678 Finance03:26 ET

Forex strategists' survey: If the US Federal Reserve cuts interest rates, the US dollar will weaken in the next year.

Forex strategists believe that the recent sustained strengthening of the US dollar will give way to a slight weakening in the next 12 months. They generally believe that the US dollar is overvalued.

Zhitong Finance02:50 ET

GBP/USD Price Analysis: Remains Close to Over Two-month Peak, Bullish Potential Intact

The GBP/USD pair trades with a mild positive bias around the 1.2775-1.2780 area during the Asian session on Wednesday and remains well within the striking distance of its highest level since March 14 touched the previous day.

FXStreet22:30 ET

Former US Treasury Secretary Summers: Interest rates will remain high in the long term, with a neutral interest rate of 4.5%, and inflation won't return to 2%.

Despite the decline in inflation and economic slowdown, the Federal Reserve continues to maintain the highest interest rates in decades. Former US Treasury Secretary Lawrence Summers believes that the era of low interest rates is gone and long-term interest rates will continue to rise, with neutral interest rates far higher than the Fed's expectations. On Tuesday local time, Summers said in a New York Economic Club online seminar: In the foreseeable future, the market should be accustomed to the current range of interest rates and even the long-term interest rates that are higher than the current level. He also believes that inflation has not gone on a convincing trajectory and is difficult to achieve in the United States.

wallstreetcn21:46 ET