All Articles Tagged - GBPUSD

Week Ahead – BoJ, Fed and BoE meetings: a hike, a hold and a cut?

Posted on July 26, 2024 at 12:07 pm GMT

A trio of central bank decisions coming up from the BoJ, Fed and BoE One might hike, one might stand pat and the other cut rates ECB to also be in focus as Eurozone flash GDP and CPI data are due Week will culminate with crucial US jobs report BoJ expected to taper; will it hike too? The Bank of Japan has barely left the headlines lately. Whether it’s speculation about rate hikes, the constant hints about bond tapering or [..]

Technical Analysis – GBPUSD pauses downside movements

Posted on July 26, 2024 at 11:05 am GMT

GBPUSD finds support at 20-day SMA Holds well above rising trend line Stochastics and RSI indicate upside moves GBPUSD pulled back from the one-year high of 1.3045 in the previous week, meeting the 20-day simple moving average (SMA), which may act as strong support level for traders. According to the technical oscillators, the stochastic is standing in the oversold area, but posted a bullish crossover within its %K and %D lines, while the RSI is ticking up above the neutral [..]

Midweek Technical Look – USDJPY, GBPUSD, EURGBP

Posted on July 25, 2024 at 12:29 pm GMT

USDJPY confirms bearish trend reversal after brutal decline; key support nearby GBPUSD escapes broad sell-off with little injuries, but downside risks remain EURGBP set the ground for a bullish pivot within bearish channel [..]

Heightened volatility across all asset classes – Volatility Watch

Posted on July 23, 2024 at 8:56 am GMT

• Yen crosses are volatile as they retreat from multi-year highs • Volatility in oil and gold surges, Bitcoin follows suit • US equities exhibit higher volatility amid correction fears The euro and dollar pairs maintain low volatility ahead of the US PCE release on Friday and a quiet week on the European data front. On the flipside, volatility in yen crosses has increased considerably as the pairs have been extending their latest pullbacks from multi-year highs. In the meantime, [..]

Technical Analysis – GBPUSD holds well below the 1-year high

Posted on July 23, 2024 at 7:36 am GMT

GBPUSD eases but remains above uptrend line Stochastics and RSI suggest more losses GBPUSD is retreating after a strong rally towards the one-year high of 1.3045. The technical oscillators also confirm the bearish retracement. The stochastic is diving into oversold territory, while the RSI is pointing slightly down above the 50 level. If the dive continues, immediate support could come from the 1.2860–1.2890 region, ahead of the 20-day simple moving average (SMA) at 1.2825. Steeper declines could pave the way [..]

PMIs could momentarily take focus away from US developments – Preview

Posted on July 22, 2024 at 7:49 am GMT

Wednesday’s PMI surveys key for both the Fed and the BoE Eurozone PMI manufacturing survey could disappoint again US PMIs unlikely to unsettle September Fed expectations UK figures could surprise on the upside after the general election Important PMI survey prints this week as both the Fed and the BoE meet soon Despite last week’s stock market correction and the latest developments in the US Presidential race dominating the headlines, economic data releases this week should attract the market’s interest. [..]

Week Ahead – Flash PMIs, US GDP and BoC decision on tap

Posted on July 19, 2024 at 11:08 am GMT

US data awaited amid overly dovish Fed rate cut bets July PMIs to reveal how economies entered H2 BoC decides on monetary policy, may cut rates again Will investors add to their Fed rate cut bets? With investors ramping up their Fed rate cut bets, the US dollar suffered during the first half of the week, although it recovered some ground on Thursday. Following the softer-than-expected CPI data last week, several Fed officials, including Chair Powell, noted the data are [..]

Market Comment – Wall Street extends record streak, gold joins in

Posted on July 17, 2024 at 8:15 am GMT

Rate cut and soft landing bets propel US equities to new highs Gold also sets a new record as US yields sink despite Trump risks Pound and kiwi edge up on slight upside surprises in CPI data US stocks brace for soft landing Optimism that the Fed is well placed to engineer a soft landing by cutting rates soon continues to fuel risk appetite on Wall Street, even as equity markets globally struggle against the prospect of Trump 2.0. Worries [..]

Technical Analysis – GBPUSD hits fresh 1-year high

Posted on July 17, 2024 at 7:46 am GMT

GBPUSD jumps to fresh 1-year high after UK CPI surprises slightly higher Technical indicators point to overbought conditions following steep rally UK employment figures next on the agenda due on Thursday 06:00 GMT The UK CPI inflation data on Wednesday gave GBPUSD a slight boost as consumer prices grew by 2.0% instead of the expected 1.9%. The pair gently surpassed its previous peak to post a new one-year high of 1.3011. After a continuous rise since June, we can [..]

Technical Analysis – GBPUSD turns red after upbeat US retail sales

Posted on July 16, 2024 at 2:07 pm GMT

GBPUSD at risk of losing power below 1.2960 Technical indicators send overbought signals UK CPI inflation due on Wednesday at 06:00 GMT GBPUSD switched to losses after US core retail sales displayed a strong monthly growth in June, beating analysts’ expectations for a pullback. The pair slipped back below the 1.2960 support region, increasing the risk for a bearish continuation ahead of Wednesday’s UK CPI data as both the RSI and the stochastic oscillator are flagging overbought conditions. The nearest support [..]

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