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There are increasing concerns that if the US March Consumer Price Index (CPI) comes out higher than expected, the timing of the Fed's rate cut may be delayed, and there may be only two rate cuts instead of the previously expected three. Additionally, tensions between Iran and Israel are escalating, and the strength of the dollar continues to persist. However, considering the slowdown in the Producer Price Index (PPI) compared to the previous month, there is an indication that the April CPI increase may also slow down, and the rise in the dollar may be limited.
- The US March Retail Sales will be announced on April 15th.
- The UK March Consumer Price Index and the Eurozone March Consumer Price Index will be announced on April 17th.
The price of GBPUSD is coming down, breaking through the support line and heading towards the low point. However, it appears that the support line at the bottom will not be easily broken, considering the forming upward trend, and a rebound can be expected in this range. We can anticipate a rise towards the upper trend line with a rebound in this range.
In the short term, the downside is expected to dominate, but a rebound is expected around the 1.24500 line, recovering to around the 1.28000 line.
If there are any unexpected movements, we will quickly adjust our strategy.
Please share your personal opinions in the comments. We kindly ask for your support through boosts and subscriptions.
There are increasing concerns that if the US March Consumer Price Index (CPI) comes out higher than expected, the timing of the Fed's rate cut may be delayed, and there may be only two rate cuts instead of the previously expected three. Additionally, tensions between Iran and Israel are escalating, and the strength of the dollar continues to persist. However, considering the slowdown in the Producer Price Index (PPI) compared to the previous month, there is an indication that the April CPI increase may also slow down, and the rise in the dollar may be limited.
- The US March Retail Sales will be announced on April 15th.
- The UK March Consumer Price Index and the Eurozone March Consumer Price Index will be announced on April 17th.
The price of GBPUSD is coming down, breaking through the support line and heading towards the low point. However, it appears that the support line at the bottom will not be easily broken, considering the forming upward trend, and a rebound can be expected in this range. We can anticipate a rise towards the upper trend line with a rebound in this range.
In the short term, the downside is expected to dominate, but a rebound is expected around the 1.24500 line, recovering to around the 1.28000 line.
If there are any unexpected movements, we will quickly adjust our strategy.