The GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In my previous GbpUsd analysis, I've written that a break above 1.24 could lead to further gains to 1.2550 and even to 1.3 if 1.2550 will also fall. However, Friday's NFP capped gains exactly to 1.2550, and a strong reversal followed almost negating the previous day's candle. 1.24 remains support for GbpUsd, but the pressure switched to the sell side. A break...
Welcome to my GBPUSD Technical Analysis Session. Despite British retail sales data rising by more than expected in April, 0.5% from March and an improvement from the drop of 1.2% the prior month; the U.S. dollar against the Pound Sterling appears to be on course for its fourth consecutive weekly gain as U.S. rate hike expectations grow across the market and...
⚠️ Confirmation Trade Reaction from BUY area ..!!! 🟢 Try to BUY🔼 all the Dips !!! ✅Confirmation 1.2320 zone ✅ Expecting Mid Term Bullish Wave 🔔 NEXT TARGET 1.2505
if you see the pattern that occurs, it is more towards the leading diagonal. the bearish target is in the blue box SnD. take a sell opportunity when there is an upward correction movement
The GBPUSD pair hit our upside target (1.2650) and May 27 2022 High on our last buy signal (see chart below) almost 2 months ago: The price is now on the 1D MA50 (blue trend-line), having closed a candle below it yesterday for the first time since March 16. This is a bearish continuation signal that is targeting the 1D MA200 (orange trend-line) yet again. Our...
Tomorrow, the latest inflation rate for the UK will be released, which will be significant for traders dealing with GBP/USD due to the perhaps unrealistic forecast for a 2-percentage point drop. It is expected that the inflation rate for April will have significantly dropped to 8.2%. Are markets overly optimist with this forecast? In March, the consumer price...
The U.S. dollar rose against the Pound Sterling on Friday and was on track for its biggest weekly gain since February despite concern about the U.S. debt ceiling and monetary policy. The aftermath of the consumer sentiment data is rippling a mixed reaction across the market ahead of the new week. Participants continue to digest features from the U.K economic...
GBPUSD price moved 0.45% higher hereby closing the previous week at the 1.26550 zone, hitting a new one-year high amidst the Bank of England battle with inflation. Consumer price inflation in the UK came in at 10.1% - five times the BOE’s mandate. The incoming week is laced with a handful of high-impact economic events from both the UK and US economic docket to...
GBPUSD turns positive for the fourth straight week but this time around did a significant breakout of the 1.25000 level - climbing to a two-week high on Friday to set the tone for a bullish momentum ahead of the new month. However, bets for another 25 bps rate hike by the US Fed Reserve in the coming week could tilt an imbalance in the market influx. It is also...
British consumers remain affected by an elevated inflation rate, which stayed in double digits in March. Comments from a couple of Fed policymakers pointed to the US central bank raising interest rates by 25 basis points in early May, judging that inflation is still at problematic levels and monetary policy needs to be tightened. The market's immediate reaction to...
After a sharp decline in the US market last Friday, GBP/USD has managed to stabilize above 1.2400 on Monday.The short-term technical side fails to provide directional clues, and may only have to wait for the currency pair to break through the consolidation channel,only then will there be a better continuity of behavior. According to the current market...
Economists see a roughly two in three chance that the BoE will raise its interest rate next month to 4.5% from 4.25%, which would be its 12th consecutive rate rise since December 2021. With a week laced week series of high-impact macroeconomic events, the consumer price index will be the centre of focus as expect data on Wednesday to show a fall in consumer price...
The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy...
#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the...
Despite US job growth slowing down, the economy still added 236,000 jobs in March though below expectation and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2% inflation goal. An immediate reaction resulted in the dollar strengthening on Friday hereby suggesting that the Federal...
U.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit...