GBP/USD consolidates between 1.2800 and 1.2890 amid uncertain Fed and BoE decisions. RSI remains flat, indicating a balanced market with no clear trend. Key support levels are at 1.2778 and 1.2750, with resistance at 1.2888 and 1.2900. The Pound Sterling registers minuscule gains during the North American session as traders brace for the US Federal…
Weekly Charts 28.07. – 02.08. EURUSD Weekly Chart Resistances at : 1.08600 , 1.09500 & 1.09700 Supports at : 1.08350 , 1.08050 & 1.07450 Major Support comes at 1.06800 Major Resistance at : 1.09700 Pattern on this weekly chart calls for another push Up next week. EURUSD 4H Chart …
Newsquawk.com Week Ahead 24-28th June: MON: BoJ Summary of Opinions, German Ifo Survey (Jun), German Import Prices (May) TUE: Japanese Services PPI (May), Canadian CPI (May), UK GDP (Q1) WED: Australian CPI (May), German GfK Consumer Sentiment THU: Biden/Trump debate on CNN, Riksbank Announcement, CBRT Announcement, CNB Announcement,European Council, Chinese Industrial Profits YTD (May),…
EUR/USD: Eurozone – Rising Inflation, Falling Economy ● As revised Eurostat data published on Monday, June 17, showed, inflation (CPI) in the 20 Eurozone countries accelerated to 2.6% (y/y) in May, compared to 2.4% in April when it was at its lowest since November 2023. The consumer price index in the services sector increased annually…
Data from the United Kingdom reflects a mixed picture of the economy. The Pound Sterling (GBP) has underperformed on the week relative to most of its core peers, Scotiabank’s Chief FX Strategist Shaun Osborne says. GBP struggles to find foothold “UK Retail Sales rose a stronger than expected 2.9% in May, reflecting a rebound in activity…
The US Yield started seeing some improvements towards the close of last week’s trading activity. This placed the GBPUSD pair under significant pressure. However, the tides seem to be changing at the moment as the greenback prints losses despite favorable sentiments surrounding it. GBPUSD has capitalized on this as the pair’s price action corrects toward…
EUR/USD: Hawkish Sentiments of the Fed ● As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected…
The GBPUSD market has managed to maintain its minimal upward correction. The current session has seen a considerable degree of cautiousness following the upward rebound off the support at the 1.2700 mark. Despite the minimal upside movement so far in today’s trading endeavor, this market seems to position itself to catch more tailwinds. Key Price…
GBP/USD struggles to gain ground around 1.2715 in Monday’s early European session. The pair keeps the negative vibe below the 100-period EMA, with bearish RSI indicator on the 4-hour chart. The first downside target is seen in the 1.2700–1.2701 zone; the next upside barrier is located at 1.2795. The GBP/USD pair trades in negative territory…
EUR/USD: Who Controls the Financial Market ● It is clear that interest rates rule the markets, not only in terms of actual changes but also regarding expectations about the timing and magnitude of future changes. From spring 2022 to mid-2023, the focus was on raising rates; now, the expectation has shifted towards their reduction. Traders…