All Articles Tagged - GBPUSD

Volatility Report – Introducing our new weekly publication

Posted on December 12, 2023 at 12:25 pm GMT

Hello XM customers/viewers, Today we are introducing our new weekly post that helps you locate instruments that might make big moves in the coming sessions; the Implied Volatility Table. So, what is Implied Volatility and why it is important? Implied or expected Volatility is a forecast of a likely movement in a financial instrument’s price, which is derived from market-traded option prices. The instrument could be an individual stock, a commodity, an equity index, a currency pair, or even a [..]

Technical Analysis – GBPUSD pulls back from 3-month high

Posted on December 12, 2023 at 8:21 am GMT

GBPUSD corrects lower after advance pauses But seems to be finding traction in the last couple of sessions Oscillators lose ground but remain in their positive zones GBPUSD had been forming a profound structure of higher highs and higher lows following its break above the crucial descending trendline in early November. However, the pair’s rally paused at the three-month peak of 1.2732, with the price retracing lower towards the 200-day simple moving average (SMA). Given that both the RSI and MACD managed [..]

Weekly Technical Outlook – USDJPY, EURUSD, GBPUSD

Posted on December 11, 2023 at 10:24 am GMT

Fed to stick to stable rates; will USDJPY move even higher? EURUSD is muted below 1.0800 awaiting ECB meeting GBPUSD stays calm ahead of BoE rate announcement Fed meeting –> USDJPY The Federal Reserve’s two-day policy meeting ends on Wednesday at 18:00 GMT and it is quite likely that it will maintain its policy rate without any changes. The primary emphasis on Wednesday will be the timing of the Federal Reserve’s initiation of interest rate reductions. Based on the current [..]

FX Year Ahead 2024: As the race to cut begins, which currency will come out the winner?

Posted on December 8, 2023 at 1:15 pm GMT

Will Fed officials be the first to cut rates or will the ECB beat them to it? Falling inflation everywhere means a bearish US dollar is not a given Yen stands to gain from rate cuts as BoJ may hike Is sterling set for another bumpy year? Aussie and kiwi pin hopes on China recovery, loonie looks to oil boost Will the dollar bears finally get their way in 2024? After two consecutive years of gains, a correction in the [..]

Week Ahead – Will the central bank bonanza kill the festive joy or fuel it?

Posted on December 8, 2023 at 10:30 am GMT

Fed, ECB, BoE and SNB hold their final policy decisions of the year Will they push back on rate cut expectations? US CPI and flash PMIs will be crucial too UK GDP, Aussie jobs also on the agenda Fed to hold rates but will it signal big cuts? The Federal Reserve is almost certain to keep its policy rate unchanged on Wednesday as the US economy finally appears to be losing some steam and inflation is coming under control. Chair [..]

Technical Analysis – GBPUSD pauses selling interest

Posted on December 7, 2023 at 1:34 pm GMT

GBPUSD rebounds off 1.2545 20- and 200-day SMAs post golden cross GBPUSD is supported by the 1.2545 barrier following the downward wave from the 61.8% Fibonacci retracement level of the bearish wave from 1.3140 to 1.2035 at 1.2720. Technically, the 20- and the 200-day simple moving averages (SMAs) posted a golden cross in the preceding days, suggesting more gains in the next few sessions. Also, the RSI is pointing slightly higher in the positive territory; however, the MACD oscillator is [..]

Technical Analysis – GBPUSD ends 2023 in bullish area

Posted on December 6, 2023 at 9:50 am GMT

GBPUSD finds strong resistance near 200-week EMA Technical signals are negative Will 2024 be a negative year for the pair? With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the last three weeks above the bullish crossover within the 50- and the 100-week simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the upward wave from 1.0325 to 1.3140 at 1.2480. Also, the pair found strong resistance near the 200-week exponential moving average (EMA), sending prices lower this [..]

Technical Analysis – GBPUSD bulls hit a wall; support nearby

Posted on December 5, 2023 at 9:18 am GMT

GBPUSD reaches overbought area near key resistance Sellers could take control of the market below 1.2588 GBPUSD flatlined around the familiar 1.2720 resistance region, which was last tested at the end of August, after three constructive bullish weeks. The area also overlaps with the 61.8% Fibonacci retracement of the July-October downleg. The ongoing consolidation phase could develop into a bearish wave according to the technical indicators. Both the RSI and the stochastic oscillators have peaked near their overbought levels and [..]

Technical Analysis – Has the GBPUSD rally run its course?

Posted on November 28, 2023 at 7:55 am GMT

GBPUSD tries to record another green candle The strong move from the October lows continues undaunted Momentum indicators remain favourable for the current move GBPUSD is trying to register its fourth consecutive green candle as the strong upmove from the October lows continues after GBPUSD managed to surpass the resistance set by the 50- and 200- simple moving averages (SMAs). The bulls’ appetite appears to be undeterred, especially as the convergence of the aforementioned SMAs is potentially opening the door [..]

Technical Analysis – GBPUSD skyrockets to almost 2-month high

Posted on November 27, 2023 at 2:21 pm GMT

GBPUSD rallies higher, surpassing strong lines Short-term bias positive, but there are more threats higher RSI enters overbought conditions GBPUSD is surging after the bounce off the 200-day simple moving average (SMA) and the 38.2% Fibonacci retracement level of the downward wave from 1.3140 to 1.2035 at 1.2460, reaching an almost 2-month peak of 1.2643. Technically, the pair is sailing near overbought waters according to the RSI. The MACD is also flagging a strong positive momentum as it is still [..]

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