The GBPUSD is back below its 200 day moving average The GBPUSD ran higher yesterday, and in the process extended toward its 100-day moving average near 1.2512. The high price got within 7 pips of that level at 1.2505 before rotating back to the downside. In trading today, lower-than-expected CPI data out of the UK
US DOLLAR, EUR/USD, GBP/USD, NASDAQ 100, GOLD PRICE FORECAST The U.S. dollar slumps on falling yields following lower-than-expected U.S. inflation figures EUR/USD and GBP/USD break out to the topside, reaching multi-week highs Gold prices and the Nasdaq 100 also rally, flirting with key technical levels in both cases Recommended by Diego Colman Forex for Beginners
USD/JPY, GBP/USD, AUD/USD FORECAST: The October U.S. inflation report will steal the limelight on Tuesday If actual CPI results deviate from consensus expectations by a wide margin, FX volatility can rise significantly This article explores pivotal technical levels for USD/JPY, GBP/USD and AUD/USD that may act as support or resistance in the coming trading sessions
Share: The GBP/USD is seeing some minor lift ahead of Tuesday’s bumper data reading. An easy Monday to give way to a bumper economic calendar data docket. UK wages & labor, US CPI in the barrel. The GBP/USD climbed to a Monday high near 1.2280 as markets jockey for position ahead of Tuesday’s bumper
Share: Economists at Rabobank analyze GBP outlook against USD and EUR. Potential for further downside risks to Cable In view of downside risks to global growth, we expect the USD to remain well supported in the coming months as subdued levels of risk appetite underpin safe-haven assets. This suggests potential for further downside
Share: GBP/USD continues its downward trend, dropping 0.16% despite the UK GDP narrowly avoiding a contraction in Q3. The Bank of England’s cautious stance mirrors the Fed’s, as both central banks adopt a meeting-by-meeting approach to monetary policy. Upcoming economic releases from the UK and US, including jobs, inflation, and retail data, are
Share: GBP/USD failed to gain traction on Friday, extended its losses to five consecutive days, is down 0.16% or 20 pips from its opening price after hitting a daily high of 1.2237. At the time of writing, the pair exchanges hands at 1.2205. Read More… The Pound Sterling (GBP) is expected to continue
Market Week Ahead: US Dollar, Gold, GBP/USD, EUR/USD, Cryptocurrencies Download our Q4 Top Trading Opportunities for Free Recommended by Nick Cawley Get Your Free Top Trading Opportunities Forecast A strong end to the week with risk markets popping higher going into the weekend. Equity markets reclaimed Thursday’s minor losses and continued to push ahead, with
GBP/USD Analysis and Charts Dovish BoE chatter sending UK bond yields sharply lower. Three 25 basis point rate cuts next year are now being priced in. The BoE’s chief economist Huw Pill said last night that UK inflation is likely to fall sharply in the coming months and that current market pricing of interest rate
EUR/USD TECHNICAL ANALYSIS EUR/USD blasted higher last week following weaker-than-expected U.S. economic data, taking out a clear barrier in 1.0670/1.0695 area. Bullish momentum, however, faded on Monday, with the pair stalling after failing to clear technical resistance at 1.0765, which corresponds to the 38.2% Fibonacci retracement of the July/October pullback. For guidance on the near-term
