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GBPUSD

Analysis

Analysis - 4 days ago

Daily Comment – Geopolitics dictates market sentiment, but dollar fails to benefit

Geopolitics in the spotlight, gold gainsDollar fails to benefit from the risk-off reactionStocks slightly in the green, as markets await Nvidia earningsPound gains after CPI report; bitcoin reaches $94,000It almost feels like the Cold War againDevelopments in the Ukraine-Russia conflict are monopolizing the markets' interest, as the first usage of long-range US missiles prompted a quick revision of Russia’s nuclear weapons doctrine.
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Analysis - 5 days ago

Technical Analysis – GBPUSD pauses decline near pivot area

GBPUSD hopes for a bullish turn after six-month lowTechnical signals suggest recent decline is overdoneBulls face a wall within 1.2663-1.2685 area GBPUSD found some relief after its six-day losing streak hit the important support trendline from October 2023 near 1.2600 – the lowest level in six months.The RSI and the stochastic oscillator are hovering near their oversold levels, suggesting a rebound or a consolidation phase might be on the horizon.However, further bullish momentum may be li
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Analysis - 5 days ago

Daily Comment – Stocks cautiously edge up amid geopolitical and inflation risks

Softer yields lift stocks despite Ukraine fears and rate cut doubtsGold extends rebound, oil also higher in choppy tradingDollar on the backfoot amid lack of direction as yen firmsStocks rebound but struggle for momentumEquity markets were in a perky mood on Tuesday as a recovery on Wall Street helped Asian stock markets advance, although European shares were more mixed.
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Analysis - 5 days ago

Volatility returns to normal levels after US election calmness – Volatility Watch

Euro/dollar volatility edged higherVolatility remains low in the commodities spaceStock indices experience average volatility despite selloffEuro/dollar volatility has edged higher, as the dollar continued to gain from Trump’s recent win, pushing the euro/dollar pair to a one-year low. Interestingly, last week's change in Fed Chair Powell’s stance regarding the timing of the next rate cuts did not materially benefit the dollar.
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Analysis - 5 days agoNeutral

Technical Analysis – GBPUSD gains traction near familiar support area

GBPUSD bulls step in after six-month low near 1.2600Price near oversold area, but bullish area is above 1.3000GBPUSD returned to gains after a six-day decline squeezed it to a six-month low of 1.2595. The pair rebounded near an important trendline from October 2023, and indicators like the RSI and stochastic oscillator suggest the price is likely set for an upward move from oversold territory.Yet, buyers may not make additional moves until the price clearly crawls back above August’s base of�
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Analysis - 6 days ago

Weekly Technical Outlook – EURUSD, GBPUSD, Gold

Gold shows recovery signs after aggressive selloffEURUSD pauses bear run near 1.0500. Will eurozone PMIs trigger a rebound?GBPUSD hopes for a bullish rotation amid busy data calendar US data, geopolitics --> Gold Gold attracted fresh safe-haven demand on Monday amid renewed geopolitical tensions during the weekend as Russia attacked Ukrainian power plants and the US approved Ukraine’s use of long-range US missiles to strike within Russia.While Trump has promised to end the war, uncer
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Analysis - 1 week ago

Week Ahead – Flash PMIs, UK and Canadian CPI data enter the spotlight

Almighty dollar awaits PMIs for more signs of Fed cut delaysEurozone PMIs also on tap amid speculation of bigger cut by ECBPound could benefit from data pointing to rebound in inflationCanadian and Japanese CPI numbers also on the agendaTrump’s election raises bets for a Fed pauseThe US dollar continued flexing its muscles for another week, with the so-called ‘Trump trades’ showing no signs of cooling as the president-elect Republican party will control both chambers of the US Congress, wh
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Analysis - 1 week ago

Daily Comment – Wall Street loses more steam as Powell not in a hurry to cut rates

US stocks set for weekly loss as Powell adds to Fed’s hawkish soundbiteBut dollar unable to hit fresh highs; US retail sales eyed nextYen firms after verbal intervention; euro also reboundsDecember cut in doubt after Powell commentsFed rate cut expectations were dramatically pared back on Thursday after Fed chief, Jerome Powell, rounded up the week’s hawkish rhetoric by adding to the sense of caution about the pace of easing.
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Analysis - 2 weeks ago

Midweek Technical Look – EURUSD, GBPUSD, Gold

EURUSD looks for direction near 1.0600 after steep sell-off to 1-year lowGBPUSD tumbles to 3-month low; near oversold levelsGold reverses October’s rally; set for some consolidation  
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Analysis - 2 weeks agoBearish

Technical Analysis – GBPUSD plunges to 3-month low

GBPUSD meets 200-day SMARSI and MACD extend negative biasGBPUSD declined below the long-term uptrend line and found support at the 200-day simple moving average (SMA), posting a fresh three-month low near 1.2790 on Tuesday. A decisive close below this significant level could trigger thoughts of steeper bearish actions.Technically, the RSI is point
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Analysis - 2 weeks ago

Daily Comment – Dollar extends gains, bitcoin soars but stocks lose momentum

Tariff fears weigh on euro and other majors, dollar continues to climbBitcoin and Wall Street hit new records but broader equities stumble   Gold unable to get a boost from Trump picking hawks for this team   Trump trade still powering the marketsSpeculation about the expected impact of Donald Trump’s policies continues to dominate the market theme, as investors await details about who will be in Trump’s cabinet.
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Analysis - 2 weeks ago

Markets return to a low-volatility environment after the US election – Volatility Watch

Euro/dollar volatility has eased aggressivelyVolatility has dropped to monthly low in both gold and silverStock indices experience a significant decline in volatilityEuro/dollar volatility has eased significantly, as market participants have reacted favourably to both the outcome of the US presidential election and the absence of the post-election shenanigans seen in 2020. The dollar has strengthened over the past week with the euro suffering the most.
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Analysis - 2 weeks agoNeutral

Technical Analysis – GBPUSD gives strong battle with uptrend line

GBPUSD holds in tight range in near termMACD and RSI tick lowerGBPUSD is flirting with the long-term ascending trend line after the downfall from the 1.3045 resistance level. The next crucial point for traders to meet is the 1.2840 support and the 200-day simple moving average (SMA) at 1.2820.According to technical oscillators, the RSI is pointing
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Analysis - 2 weeks ago

Weekly Technical Outlook – US 500, GBPUSD, USDJPY

USDJPY in upside mode, eyes first US CPI after Trump's electionUK GDP data to slow down as GBPUSD eases Japan GDP may be the key data to drive USDJPY lowerUS CPI --> US 500The US CPI data for October, which is coming out on Wednesday, is the initial post-election test for rate reduction bets after Trump’s victory in the US elections in the previous week.
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Analysis - 2 weeks ago

Week Ahead – US CPI to shift market focus back to data after Trump shock

After Trump comeback, normality to return to markets with US CPIGDP data from UK and Japan to also be importantBut volatility to likely persist as markets assess impact of Trump 2.0US CPI eyed as rate cut bets fade after Trump winDonald Trump’s historic return to the White House was met with a euphoric response by the markets. Wall Street and Bitcoin rallied to record highs, while the US dollar skyrocketed to 4-month highs.
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Analysis - 2 weeks ago

Daily Comment – Fed delivers rate cut, stocks rally but dollar not impressed

Fed cuts rates and keeps door open to a December movePowell appears confident about the inflation outlookEquities’ euphoria continues, strongest weekly rally of 2024Yen manages to gain against the US dollarThe Fed announces a rate cutWith the markets still digesting Trump’s win, the Fed announced the much-anticipated rate cut. Unswayed by concerns that Trump’s second term might lead to extreme protectionism and thus keep inflation high, the FOMC cut rates by 25bps, with Chairman Powell app
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Analysis - 2 weeks agoNeutral

Technical Analysis – GBPUSD bounces off 1.2840 after significant red day

GBPUSD holds beneath rising trend lineMomentum oscillators are mixedGBPUSD had an aggressive bearish movement yesterday, losing 1.7% from 1.3045 to 1.2840, breaking the long-term ascending trend line to the downside again.Currently, the price remains beneath the diagonal line, with the next strong support level coming from the 200-day simple moving average (SMA) at 1.2820. If the price dives below this barrier, it could pave the way for steeper decreases up to the 1.2610-1.2670 range.Alternative
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Analysis - 2 weeks ago

Quick Brief – BoE cuts rates for the second time in 4 years

BoE lowers rates to 4.75% as inflation drops to 1.7%Pound holds in a range in short-termAt its meeting today, the Bank of England (BoE) lowered its main interest ratesby 25 basis points (bps) to 4.75% from 5.00%, following a hold in September and a quarter-point cut in August. The Monetary Policy Committee voted 8-1 to reduce interest rates versus the anticipated 7-2 majority indicated in a Reuters poll and the split vote of 5-4 in August, suggesting a slight dovish tilt.The economic dat
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Analysis - 2 weeks ago

Daily Comment – Dollar pauses rally ahead of Fed, BoE meets as well

Dollar traders take a breather as Fed decision loomsFocus to fall on how likely a pause is in coming monthsBoE expected to cut, could take the sidelines in DecemberWall Street continues to celebrate Trump’s winWill the US election outcome impact Fed policy?After hitting a four-month high on the heels of Donald Trump’s return to the White House, the dollar is pulling back today, as traders may have decided to lock some profits after the sharp rally and ahead of the Fed decision later today.Wi
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Analysis - 2 weeks agoBearish

Technical Analysis – GBPUSD in the red for six weeks

GBPUSD hits a new two-month low as Trump wins White HouseShort-term outlook remains bearish; focus on 200-SMA for potential supportBank of England, Fed announce their rate decisions today GBPUSD took a sharp dive to a two-month low of 1.2833 on Tuesday as the return of Trumponomics gave fresh impetus to the greenback.On Wednesday, the 50% Fibonacci retracement level of the April-September rally came to support the market ahead of the BoE and Fed rate decisions, but with the price failing to hol
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