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9 | Follower
FXStreet - The Foreign Exchange Market
25.06.2025
GBP/USD extends its winning streak for the third successive session, trading around 1.3620 during the Asian hours on Wednesday. The pair is hovering around 1.3648, the highest since February 2022, which was recorded on Tuesday.
Speaking at the t World Economic Forum (WEF) in Tianjin on Wednesday, China’s Premier Li Qiang said that “Judging from key indicators, China's economy showed a steady improvement in the second quarter.”
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.90 during the Asian trading hours on Wednesday. The WTI price tumbles to a two-week low near $64.75 after Israel agrees to a ceasefire with Iran after nearly two weeks of conflict.
The Nasdaq 100 ETF (QQQ) has continued its upward trajectory, confirming a five-wave Elliott Wave structure originating from the April 7, 2025 low.