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
Elevate your trading skills and gain a competitive edge. Get your hands on the U.S. dollar‘s Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Diego Colman Get Your Free USD Forecast Most Read: US Dollar Forecast – EUR/USD, GBP/USD and AUD/USD Break Out, USD/JPY
Share: The GBP/USD is climbing into the 1.2400 handle to cap off a trading week that saw the pair mostly flounder around the averages. After US Nonfarm Payrolls (NFP) came in well below expectations the Pound Sterling (GBP) climbed 1.6% from Friday’s opening bids near 1.2190, and the GPB/USD is up almost 2.5%
Share: GBP/USD regains 1.22. Economists at Scotiabank analyze the pair’s outlook. Sterling’s short-term pattern of trade looks encouraging Sterling’s short-term pattern of trade looks encouraging and the resilience of demand for the Pound on weakness over the past month or more is notable. Trend momentum is supportive on the intraday studies but less
British Pound (GBP) Analysis and Charts A mildly hawkish BoE helps underpin GBP/USD Cable pushes back above 1.2200 For all market-moving economic data and events, see the DailyFX Calendar Recommended by Nick Cawley Get Your Free GBP Forecast The Bank of England (BoE) left the Bank Rate unchanged today at 5.25%, for the second meeting
US NFP REPORT KEY POINTS: The U.S. economy is forecast to have created 180,000 jobs in October The unemployment rate is seen holding steady at 3.8% A weak NFP report would be bearish for the U.S. dollar, creating the right conditions for a moderate rally in EUR/USD and GBP/USD Trade Smarter – Sign up for
The exchange rate remained stable at €1.1502 on Thursday, as investors awaited the Bank of England’s (BoE) decision on interest rates amidst deteriorating economic conditions in the UK. This comes in the wake of October’s manufacturing PMI data, which showed a significant contraction in UK factory activity, fueling fears of a recession. S&P Global Market
British Pound – GBP/USD and EUR/GBP Technical Outlooks Recommended by Nick Cawley Get Your Free GBP Forecast For all market-moving economic data and events, see the DailyFX Calendar The US dollar is caught in a small down draft, prompted by a sell-off in US Treasury yields. After hitting a multi-year high of 5.26% last week,
Share: Economist Lee Sue Ann and Markets Strategist Quek Ser at UOB Group suggest GBP/USD is now seen trading within the 1.2085-1.2240 band in the next weeks. Key Quotes 24-hour view: We expected GBP to trade in a range of 1.2085/1.2155 yesterday. GBP dipped to a low of 1.2090 before staging a surprising sharp
Share: The GBP/USD is finding some bids for Monday, rebounding from the day’s early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve’s (Fed) Wednesday rate call. The Fed will beat the Bank of England (BoE) to the punch on central bank
