Share: GBP/USD remains under selling pressure amid the Fed’s hawkish stance. The pair holds below the 50- and 100-hour EMAs on a four-hour chart. The oversold RSI condition indicates that further consolidation cannot be ruled out. The immediate resistance level will emerge at 1.2290; 1.2200 will be the critical support level. The GBP/USD
Share: The GBP/USD is looking for further downside to end the trading week, probing chart space below 1.2250 heading into the final hours of Friday’s trading session. Read More… The Pound Sterling (GBP) finds offers while attempting to extend recovery as investors see no change in the current policy divergence between the Federal
Share: GBP dropped this week on the back of the BoE’s unchanged policy decision. Economists at Rabobank have revised down their six-month EUR/GBP forecast modestly. Gloomy economic outlook for the Eurozone The dip in GBP after the steady policy decision from the BoE this week has lifted EUR/GBP towards the top of its
Article written by Axel Rudolph, Senior Market Analyst at IG USD/JPY puts pressure on its 10-month high There is no stopping USD/JPY’s advance as the US dollar is on track for its tenth consecutive week of gains amid the Federal Reserve’s (Fed) hawkish pause while the Bank of Japan (BOJ) rigorously holds onto its dovish
Share: The Bank of England (BoE) held its policy rate steady at 5.25%. The decision represents a loss of interest rate support for the Pound, economists at Wells Fargo report. Policy rate pause could also be a policy rate peak We now forecast that the current policy rate of 5.25% will be the
US Dollar Vs Euro, British Pound, Australian Dollar – Price Setups: USD boosted by higher for longer Fed rates after hawkish FOMC projections. EUR/USD and GBP/USD are testing quite strong support; AUD/USD has retreated from key resistance. What’s next for EUR/USD, GBP/USD, and AUD/USD? Recommended by Manish Jaradi New to FX? Try this link for
It is FOMC day with the expectation for no change in policy by the US central bank. The focus will be on the details of the dot plot and central tendencies along with the statement in the Q&A from Chair Powell. Traders can have their bias, but with the Fed thought to be a crossroads
GBP PRICE, CHARTS AND ANALYSIS: Read More: FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally? GBP has struggled of late and has attempted a recovery in the early part of this week. UK inflation data is due tomorrow and following a sharp increase in headline inflation in the US and Canada, is
British Pound, GBP/USD, GBP/JPY – Technical Update: Recommended by Daniel Dubrovsky How to Trade GBP/USD The British Pound may be readying to extend its losing streak against the US Dollar. For context, GBP/USD has been aiming lower since breaking under a bearish Head & Shoulders chart formation, opening the door to an increasingly downward technical
British Pound, GBP/USD, US Dollar, EUR/GBP, Euro, BoE, Momentum – Talking Points The British Pound made new lows last week and momentum might be building The Bank of England is anticipated to lift rates later this week by 25 basis points Sterling is staring at some untested support levels. Will GBP/USD find firmer footing? Recommended
