NASAKOM

NASAKOM

ECB is "very clear" about the possibility of a rate cut in June In Europe, EUR/USD rose 0.1% to 1.0677, adding to Wednesday's 0.5% gain, pulling away from a five-month low seen at the start of the month. Nonetheless, these gains may only be temporary with the European Central Bank now expected to cut interest rates before the Federal Reserve in a bid to give a...

NASAKOM

The British pound sterling (GBP) to US dollar (USD) exchange rate is trading lower today. Sterling is being pressured by ongoing uncertainty around Brexit negotiations between the UK and EU. The trade deal deadline is fast approaching with little progress made so far. The US dollar is gaining some haven demand as rising coronavirus cases in Europe threaten the...

NASAKOM

The GBP/USD edged higher in reaction to the firmer wages and jobs data from the UK earlier this morning, ahead of the release of even more top-tier data from both sides of the pond. It is inflation figures from both the UK and, first, the US, which is likely to set the tone for both currencies. Ahead of the release of the much-anticipated US CPI later today, the...

NASAKOM

"I recommend a buy trade on GBP/USD in the forex market. The GBP/USD currency pair refers to the exchange rate between the British Pound (GBP) and the United States Dollar (USD). My analysis indicates potential short-term profit opportunities. There are several reasons for this buy trade. Firstly, there have been positive developments in the UK economy that could...

NASAKOM

Fundamental and Technical Analysis Fundamental analysis covers the economics of the UK and US such as macroeconomic data, political news, important events that can affect currency exchange rates. Technical analysis includes chart pattern reading such as trends, support and resistance levels, oscillator and momentum indicators. Choose Timeframe and Indicators For...

NASAKOM

The British pound (GBP) strengthened against the US dollar (USD), causing the GBPUSD exchange rate to rise. This means that with one pound, investors could buy more US dollars. One of the factors supporting the strengthening of the British pound was better-than-expected UK economic data. For example, inflation was not as bad as expected or a decline in the UK...