All Articles Tagged - GBPUSD

Technical Analysis – GBPUSD flirts with 20- and 200-day SMAs; weak momentum

Posted on December 21, 2022 at 11:03 am GMT

GBPUSD has been moving sideways over the last few sessions, remaining above the 200-day simple moving average (SMA) but the momentum is weak for now. The pair is still holding in an ascending tendency after the bounce off the record low of 1.0325; however, the technical oscillators are suggesting a bearish correction may be on the cards. The MACD oscillator is moving lower below its trigger line in the bullish region, while the RSI is pointing down near the neutral [..]

Daily Market Comment – BoJ shocks markets with policy tweak; yen soars, stocks tumble

Posted on December 20, 2022 at 10:04 am GMT

Bank of Japan makes surprise tweak to its YCC policy, insists it’s not tightening Dollar slumps 3% against yen, Nikkei plunges as markets see move as exit from stimulus Gold supported as broader market mood remains downbeat BoJ widens yield target range The Bank of Japan ended weeks of speculation about a policy pivot and took its first step on Tuesday to move away from years of ultra-loose monetary policy. In its first adjustment to its yield curve control policy [..]

Daily Market Comment – ECB appears hawkish, US retail sales disappoint

Posted on December 16, 2022 at 9:20 am GMT

ECB signals that more double hikes are on the way US retail sales slide by more than expected Dollar ends Thursday higher on haven flows Wall Street slides on recession fears ECB slows hikes to 50bps but pledges more to come The US dollar finished Thursday higher against all its major peers, even against the euro, which at some point received support from a hawkish ECB. That said, a lower euro/dollar does not give the full picture of how the [..]

Daily Market Comment – Traders ‘don’t buy’ Fed’s hawkish signals, ECB and BoE coming up

Posted on December 15, 2022 at 9:51 am GMT

Dollar cannot gain ground even as Fed projects rates above 5% Stocks drift lower, albeit not much, as traders second-guess Fed The central bank show continues with ECB, BoE, and SNB today Markets skeptical of Fed guidance The Federal Reserve raised interest rates by half a percentage point yesterday, as widely anticipated. In the updated economic projections, the message was quite gloomy as the unemployment rate and core inflation for next year were revised higher, while GDP growth was calibrated [..]

BoE set for another rate hike, but divisions may widen – Forex News Preview

Posted on December 14, 2022 at 1:57 pm GMT

The Bank of England will step into the spotlight during the post-FOMC session on Thursday at 10:00 GMT in a relatively busy week of central bank meetings and data releases. Investors expect a downshift to a half-point rate increase, though the UK’s messy economic outlook could cause wider divisions within the rate-setting committee, creating extra volatility for the pound. What’s next after a triple rate hike? The Bank of England (BoE) delivered a triple rate hike in November, its largest [..]

Technical Analysis – GBPUSD remains muted ahead of CPI reports

Posted on December 13, 2022 at 8:17 am GMT

GBPUSD has been attempting a strong rebound after finding its feet at the all-time low of 1.0324 in late September. Even though the pair managed to cross above the crucial 200-day simple moving average (SMA), its advance has come to a halt ahead of the crucial US and UK inflation prints later this week. The short-term oscillators are currently indicating a bullish near-term tone. Specifically, the RSI is hovering above its 50-neutral mark, while the stochastic oscillator is ascending after posting [..]

Technical Analysis – GBPUSD tests 1.2300 but fails to improve the bullish bias

Posted on December 12, 2022 at 3:30 pm GMT

GBPUSD is struggling to surpass the 1.2300 psychological level and the previous five-month peak of 1.2343. The bullish tendency remains intact in the near-term after the rebound off the 1.0325 record low and as the price is standing above the 200-day simple moving average (SMA). Technically, the MACD oscillator is mirroring the sideways move on price in the very short-term as it is holding near its trigger line in the positive area, while the RSI is pointing marginally up near [..]

Daily Market Comment – Dollar starts busy week on strong footing

Posted on December 12, 2022 at 9:16 am GMT

Dollar up as producer prices rise by more than expected CPI numbers and Fed decision the greenback’s next tests Wall Street ends Friday session in the red ECB and BoE on the agenda as well Dollar rebounds after upside surprise in PPI data The US dollar entered the new week on a strong footing, outperforming most of the other major currencies. Perhaps market participants decided to enter some long positions, or liquidate some shorts, after Friday’s data showed that US [..]

Week Ahead – Slower rate hikes eyed as Fed, ECB, BoE and SNB clash

Posted on December 9, 2022 at 12:34 pm GMT

A turbulent year is fast drawing to a close and the most crucial week for central banks is upon us. The Federal Reserve will be headlining the last rate-setting decisions of 2022 that will also cover those of the European Central Bank, Bank of England and Swiss National Bank. But it’s not just central bank meetings cramming up the schedule. There will be a flurry of economic data too, led by the latest US CPI report and the flash PMI [..]

Could the UK data releases change the BoE’s thinking? – Forex News Preview

Posted on December 9, 2022 at 10:16 am GMT

Pound followers are preparing for an action-packed week ahead of the festive lull. With the Bank of England MPC meeting held on December 15, the market will be updated on the underlying economic trends that could be critical for the size of the expected rate move. Could the data releases tempt Bailey et al to announce a bigger rate hike and potentially boost the pound? Weakness in economic data recently Labour market, average earnings and inflation data releases set the [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

GBPUSD

XM Live Chat