All Articles Tagged - GBPUSD

Daily Comment – Equities rebound but face danger from US presidential debate

Posted on September 10, 2024 at 8:19 am GMT

Equities turn positive, but sentiment is fragile US presidential debate today could prove market moving UK labour market data supports the pound Bitcoin gains as risk sentiment improves, gold is range-bound Stocks breathe better US equity markets recorded gains in yesterday’s session, with the Nasdaq 100 index leading the rally, and euro/dollar dropped close to 1.1030 despite the fact that most participants remain uncertain about next week’s Fed rate cut size and confused about the medium-term outlook of the global economy. [..]

Technical Analysis – GBPUSD on a slippery slope

Posted on September 10, 2024 at 6:45 am GMT

GBPUSD hovers within critical zone Stochastics and RSI lose momentum GBPUSD has lost its positive momentum after the pullback on the almost two-and-a-half-year high of 1.3265, trading within the restrictive support area of 1.3045-1.3085, which encapsulates the 23.6% Fibonacci retracement level of the upward wave from 1.2300 to 1.3265. In the short term, the market could maintain downside risks if the RSI keeps moving around the neutral threshold of 50 and the stochastic continues to move in the oversold territory. [..]

Weekly Technical Outlook – EURUSD, USDJPY, GBPUSD

Posted on September 9, 2024 at 8:41 am GMT

ECB’s rate cut is expected with EURUSD staying below 1.1200 US CPI data may be another sign before Fed’s decision GBPUSD may plunge further if UK employment data disappoint ECB interest rate decision –> EURUSD Several important economic data releases and events may affect market sentiment in the next few days, following a gloomy week. The focus will be on the European Central Bank’s (ECB) rate decision on Thursday, as the bank is expected to decrease interest rates for the second time this [..]

Week Ahead – ECB poised to cut again, US CPI to get final say on size of Fed cut

Posted on September 6, 2024 at 11:25 am GMT

ECB is expected to ease again, but will it be another ‘hawkish cut’? US CPI report will be the last inflation update before September FOMC UK monthly data flurry begins with employment and GDP numbers ECB to cut rates for second time The European Central Bank’s carefully choreographed rate-cutting cycle got off to an awkward start in June after last-minute data upsets. For credibility’s sake, policymakers had only one choice – press ahead with the planned 25-basis-point rate reduction but [..]

Daily Comment – Equities weakness lingers as focus remains on US data

Posted on September 5, 2024 at 7:39 am GMT

Equities remain on the back foot as key US data on the menu today ADP, jobless claims and ISM Services could prove market moving Dollar’s mixed performance continues, yen benefits OPEC+ production rumours fail to push oil prices higher US data releases in the spotlight Equity markets continue to exhibit a rather unexpected fragility as second tier data like Wednesday’s JOLTs job openings resulted in another negative session in most stock indices around the globe. This market behaviour is a [..]

Stocks could suffer after the September Fed rate cut – Special Report

Posted on September 4, 2024 at 2:20 pm GMT

US labour market data to determine the size of the first Fed rate cut History points to an increased possibility of a 50bps move Analysis reveals sizeable equities’ weakness after the initial cut Following Fed Chairman Powell’s appearance at the Jackson Hole Symposium and this indirect announcement of the much-discussed Fed rate cut, the market is counting down to the September 18 meeting. This week’s labour market data could play a role in the size of this rate move with [..]

Volatility eases across the board ahead of key US data – Volatility Watch

Posted on September 3, 2024 at 9:46 am GMT

Euro/dollar volatility drops as market prepares for an action-packed week Volatility in commodities crashes to new lows apart from oil Stock indices and bitcoin experience much lower volatility Volatility in the main FX pairs, including euro/dollar, has eased in the past few days as the market is preparing for this week’s US labour market data releases that could play a key role in determining the size of the imminent rate cut by the Fed. Similarly, yen pairs are experiencing lower volatility as the [..]

Technical Analysis – GBPUSD takes a negative turn

Posted on September 3, 2024 at 8:08 am GMT

GBPUSD starts a new bearish wave but maintains broad uptrend Technical signals reflect appetite for more selling; eyes on 1.3100 GBPUSD resumed its negative momentum during Tuesday’s early European trading hours, crossing below the steep support trendline, which had been curtailing the pullback from the two-and-a-half year high of 1.3265 over the past two trading days. A decline below 1.3100 could motivate more selling towards the 23.6% Fibonacci retracement of the April-July upleg at 1.3040 and the 20-day simple moving [..]

Week Ahead – Investors brace for NFP amid Fed rate cut speculation

Posted on August 30, 2024 at 8:58 am GMT

Traders see decent chance for 50bps Fed cut in September Powell adds extra importance to jobs data, NFP awaited BoC decides on rates, third consecutive cut is fully priced in Aussie traders lock gaze on GDP numbers Bets for double Fed cut remain elevated Here comes another NFP week, with investors eagerly awaiting the results as they try to discern the size and pace of the Fed’s forthcoming rate cuts. The weaker than expected July numbers triggered market turbulence, [..]

Midweek Technical Look – GBPUSD, gold, oil

Posted on August 29, 2024 at 8:02 am GMT

GBPUSD weakens its momentum slightly beneath the 2½-year high Gold battles with record high; still above 2,500 WTI crude oil erases some losses but has lots of room for improvement [..]

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