Apes Go Bananas USD Price & Performance (AGBUSD)

The GBPUSD has slipped below several critical moving averages, including the 100-hour, 100-day, and 200-hour levels. This technical breakdown signals bearish sentiment in the market, with sellers eyeing further downside targets near 1.2608. A decisive move lower could accelerate selling pressure, while a recovery above these levels might shift momentum.1

The S&P 500 has fallen 10% from its February peak, erasing $5 trillion in market value. Heightened trade tensions, including tariffs on European goods, have fueled investor concerns. While inflation data briefly calmed markets, fears of economic slowdown persist, raising the possibility of a bear market if conditions worsen.2

European natural gas prices dropped following comments from Russian President Putin about potential energy collaboration with the U.S. This development comes as geopolitical efforts to end the Ukraine conflict intensify. Market watchers are speculating whether such cooperation could ease trade restrictions and impact broader energy markets.2