Share: The British Pound (GBP) stopped its free-fall on Monday against the US Dollar (USD) amidst a UK Summer Bank Holiday, which spurred choppy trading amongst most FX pairs during the overlap of the London-New York session. At the time of writing, the GBP/USD is trading at 1.2601, gaining 0.19%. Read More… The Pound Sterling
GBP/USD ANALYSIS The British pound gained ground against the U.S. dollar, but its advance was limited, as traders embraced a cautious position and avoided taking large directional bets ahead of the August U.S. payrolls report due for release on Friday. Given the Fed’s data-dependent approach, labor market incoming information will play a crucial role in
US Dollar Vs Euro, British Pound, Australian Dollar – Outlook: The DXY Index (USD index) is testing key resistance after Powell warned of more tightening. Broader picture of USD rally fatigue remains intact ahead of key US data this week. What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD?
Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds
British Pound, GBP/USD, Technical Analysis, Retail Trader Positioning – IGCS Update British Pound sees the worst 24 hours since late July Retail traders have increased upside GBP/USD bets Bearish Head & Shoulders chart pattern still in focus Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound closed at its lowest against the
US Dollar Vs Euro, British Pound, Australian Dollar – Outlook: USD retreat on Wednesday could an early sign of cracks in the rally. USD hurt by below-expected US PMI data. What is the outlook and the key levels to watch for EUR/USD, GBP/USD, and AUD/USD? Recommended by Manish Jaradi Forex for Beginners There are growing
Share: GBP/USD trades lower on the back of downbeat UK PMI data. UK Composite PMI fell below 50 for the first time since January. Weaker PMIs from both countries, flaring the likelihood of rate hikes in September meetings. GBP/USD extends its losses and trades lower around 1.2710 during the Asian session on Thursday.
Share: GBP/USD remains on the sideline after reversing from two-week low. Three-week-old symmetrical triangle restricts immediate moves between 1.2710 and 1.2800. Steady RSI, two-month-old rising support line also challenge Cable pair’s trading moves. Upbeat UK PMIs will need validation from softer US PMIs, downbeat Fed talks to keep Pound Sterling firmer. GBP/USD edges
Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. Technicals indicate resistance at the 50-DMA of 1.2791; a breach could target 1.2995, while support lies
British Pound, GBP/USD, Descending Channel – Technical Update: British Pound transitions into sideways price action Daily chart reveals bearish Head & Shoulders pattern 4-hour timeframe has key moving averages in focus Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound consolidated against the US Dollar this past week despite GBP/USD confirming a
