British Pound, GBP/USD, Daily vs 4-Hour Setting – Technical Update: British Pound breakout takes a break after Hammer candlestick But, on the 4-hour timeframe, the near-term bearish bias is in play Will GBP/USD resume Descending Channel direction ahead? Recommended by Daniel Dubrovsky Get Your Free GBP Forecast The British Pound has been stabilizing against the
Share: GBP/USD rises 0.34%, trading at 1.2755, as soft US jobs data fuels speculation the Fed may end its tightening cycle, providing support to the Sterling. Technical analysis indicates potential for short-term gains but highlights the importance of 1.2800 resistance. Key support and resistance levels were identified, including 20-day EMA at 1.2819 and
Share: GBP/USD registered modest gains on Friday after a soft US jobs data report spurred speculations the US Federal Reserve (Fed) might end its tightening cycle. Nevertheless, failure to crack the 1.2800 figure would likely keep the Sterling (GBP) pressured in the medium term. The GBP/USD trades at 1.2755, a gain of 0.34%
The GBPUSD is higher on the day and in the short term, the buyers are “in play”. Trading above the 100 hour MA tilts the bias in that direction but there is work to do. Looking at the daily chart, the technical picture is more in the buyer’s favor. What I like about it technically,
GBP/USD and EUR/GBP Analysis and Charts GBP/USD is down one cent over the week in thin trade. EUR/GBP remains rangebound. Recommended by Nick Cawley How to Trade GBP/USD UK Breaking News: BoE Hikes by 25bps to 15-Year High The Bank of England raised interest rates by 25 basis points on Thursday, in line with market
British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups: BOE rate hike could trigger a minor rebound in GBP/USD. EUR/GBP’s rebound appears to be running out of steam. What is the outlook on key GBP crosses and what are the key levels to watch? Recommended by Manish Jaradi How to Trade the “One
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Market sentiments continue to reel in from the US credit rating downgrade by Fitch overnight (DJIA -0.98%; S&P 500 -1.38%; Nasdaq -2.17%), with overbought technical conditions and “extreme greed” sentiments (Fear & Greed Index) potentially exacerbating the profit-taking. Treasury yields largely held firm, with the 10-year yields back above its key 4% level to touch
Share: The Bank of England (BoE) will announce its Interest Rate Decision on Thursday, August 3 at 11:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 10 major banks. Read More… The Pound Sterling (GBP) remained subdued on Wednesday as investors await the
GBP/USD and GBP/NZD Analysis and Charts US dollar downgrade not showing in USD-crosses today. GBP/NZD multi-year high as NZ unemployment grows. Recommended by Nick Cawley How to Trade GBP/USD Rating agency Fitch took a red pen to the US credit rating yesterday, downgrading it from AAA to AA+ with a stable outlook. The move, hinted
