DXY, GBP/USD PRICE, CHARTS AND ANALYSIS: GBP/USD Looks to Recover with a Trendline Break Pending and UK Labor Data Ahead Tomorrow. US Dollar Index Retreat a Welcome for Cable Bulls as Geopolitical Concerns Linger. IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View to Client Sentiment at
British Pound (GBP/USD) Analysis and Charts Moody’s upgrade having little effect on Sterling. UK employment data and S&P PMIs are the next potential GBP drivers. Recommended by Nick Cawley Get Your Free GBP Forecast The British Pound is little changed as traders open their books for the week with little macro news around to start
Share: GBP/USD struggles to extend gains as US Dollar rebounds. UK Retail Sales dipped to 0.9% against the expected 0.1% decline. Upbeat US Treasury yields provide support to underpin the Greenback. GBP/USD struggles to continue the winning streak. trading around 1.2160 during the Asian session on Monday. However, the currency pair encountered a hurdle
EUR/USD pause falling this 2 weeks, is the EUR/USD down trend ended ? don’t be too optimistic. please check this chart, the blue line is our model indicator, the model value has droped to the low of Nov 2022 (0.9824 ) , right now the EUR/USD close price is 1.0594 , there is still a
The GBPUSD tried to get above its 100-hour moving average for the 3rd day in a row. This time, the time above was quick (and the quickest of the three – see blue line on the chart below). The point is that buyers had their shot once again and the hurdle was the easiest this
Share: Pound Sterling dropped after data showed that UK Retail Sales declined by almost 1% in September. The decrease in Retail Sales suggests a weakening household’ spending, which is the main driver of the UK economy. The Bank of England is widely expected to leave interest rates unchanged. The Pound Sterling (GBP) retreated after the
Share: The BoE is likely done raising rates – and the combination of weak activity and a softening labour market will weigh on the GBP in the near-term, economists at CIBC Capital Markets report. The BoE is done but will leave the door ajar Having held rates in September, it appears that the
US Dollar, DXY, Euro, British Pound, Australian Dollar – Outlook: Too soon to say if USD has topped. EUR/USD and GBP/USD appear to be in search of a bottom; AUD/USD drifts lower. What is the outlook and key levels to watch in EUR/USD, GBP/USD, and AUD/USD? Discover the power of crowd mentality. Download our free
The GBPUSD is trading to a new low for the day and the week, and in the process is in closer to a swing area between 1.2105 and 1.2111. Moving below that level and the 38.2% retracement of the move up from the September 2022 low comes into focus at 1.2076 followed by the low
Share: Pound Sterling faces an intense sell-off due to risk-off impulse and weak manufacturing activity data. Persistent US inflation dampens the market mood. The BoE is expected to keep interest rates unchanged for the second time in a row. The Pound Sterling (GBP) dropped from a two-week high as the United Kingdom’s economic
