All Articles Tagged - GBPUSD

Technical Analysis – GBPUSD downside pressures weigh on 1.3100 handle

Posted on March 8, 2022 at 9:57 am GMT

GBPUSD is confronting the lower part of the 1.3105-1.3200 buffer zone, which has defended the broader positive structure since November 2020. The longer-term 100- and 200-day simple moving averages (SMAs) are endorsing a bearish trend, while the fresh dip in the 50-day SMA, indicates the downward trend has intensified. The falling Ichimoku lines suggest firm bearish forces are present, while the short-term oscillators are skewed to the downside. The MACD, far south of the zero threshold, is sinking deeper beneath [..]

Week Ahead – ECB to lay out ‘patient’ stimulus exit; another eye-watering US CPI print expected

Posted on March 4, 2022 at 12:48 pm GMT

The European Central Bank’s much anticipated policy meeting and the latest consumer price index out of the United States will take centre stage next week amid the ongoing conflict in Ukraine. The crisis may not necessarily derail the ECB’s plans to normalize policy and a middle ground will likely be plotted. An expected jump in US inflation might have less impact this time following Jerome Powell’s endorsement for a 25-basis-point rate rise in March. Canadian employment numbers will also gather [..]

Technical Analysis – GBPUSD declines again as its recent rebound falters

Posted on March 4, 2022 at 9:10 am GMT

GBPUSD has been trending downwards in the medium term since the price failed twice to breach the 1.3643 ceiling. Although the pair managed to recoup part of its losses after finding its feet at the 1.3271 region, the short-term picture seems to be deteriorating again. The momentum indicators suggest that bearish forces remain in control. The RSI is flatlining in the negative area, while the MACD histogram is found below both zero and its red signal line. If the price [..]

US Open Note – Stocks stabilize, dollar’s rally active and yields remain lower

Posted on March 2, 2022 at 3:18 pm GMT

US ADP payroll report, Fed’s Powell, and BoC today’s highlights The greenback continues to hold strong as oil prices rocket far north of the $100 per barrel level, and risk-off signals linger, fuelling questions about the outlook for tightening from the Federal Reserve. The war in Ukraine is clearly one of the clear drivers for hotter inflation from energy pressures as rejected Russian supplies of oil blunt the growth outlook around the world. The US 10-year yields are lower from [..]

US Open Note – Ukraine negotiations fail, and Putin intensifies attacks

Posted on March 1, 2022 at 2:18 pm GMT

Risk-off mood returns, US ISM manufacturing ahead It seems the next few weeks will be pivotal for volatility as Russia declared it would continue its attacks until its goals were met. The retreat in US stock futures is signalling a risk-off mood, and the USD/JPY pair is also expressing some risk-off tendencies, slipping to 114.80. That said, the dollar index is holding above the 97.00 mark and should risk appetite continue to wane, it appears the way up for the [..]

Technical Analysis – GBPUSD heals its wounds as bearish bias remains present

Posted on March 1, 2022 at 8:19 am GMT

GBPUSD switched to a bullish mode after last week’s crash ceased at a two-month low of 1.3279. That said, the pair is still some way below February’s highs and downside risks keep lingering in the background as the MACD is strengthening its negative momentum below its zero and signal lines, and the RSI, although pushing for some recovery, is still comfortably dipped beneath its 50 neutral mark. The 23.6% Fibonacci retracement of the 1.4248 – 1.3160 downleg continues to block upside movements for [..]

Technical Analysis – GBPUSD recovers the negative gap, flirting with 1.34

Posted on February 28, 2022 at 3:25 pm GMT

GBPUSD has posted a bullish rally after the negative gap earlier near 1.3300. The RSI indicator is confirming the recent bullish move; however, the MACD oscillator is strengthening its bearish momentum below its trigger and zero lines. Currently, the price is also standing near the lower Bollinger band, which is acting as a strong resistance level. If the price surpasses this line at 1.3405, the next immediate resistance could come from 1.3485, taken from the lows on February 15, ahead of the 20- and 40-day [..]

US Open Note – Risk-off tone creeps in as sanctions put pressure on Russia

Posted on February 28, 2022 at 3:07 pm GMT

Dollar steadier, Russia feels ‘SWIFT’ thump, growth and inflation risks grow Global economies are being challenged in the first quarter of the year. Markets seem to have been dealt a difficult hand, with countries now juggling multiple constraints as they diverge from the pandemic and strained supply chains. Escalating tensions in Ukraine have added new fuel to the fire. The implications of the ongoing geopolitical tensions have increased risks of energy supply constraints and could keep inflation elevated for longer, [..]

US Open Note – Hopes for dialogue on Ukraine restore some risk appetite

Posted on February 25, 2022 at 2:33 pm GMT

Hopes for dialogue improve market sentiment After a devastating week, Russian-Ukrainian military clashes showed no signs of de-escalation on Friday, making an invasion of Kyiv inevitable in the coming days. Even though nothing is certain at this point, the fact that Ukraine’s Western allies prefer to play the sanction game with Moscow instead of sending NATO forces, is feeding some hopes that the worst-case scenario of a broader full-scale war could be prevented, especially if Ukraine president’s requests for dialogue [..]

Technical Analysis – GBPUSD sparks doubt about bearish movement

Posted on February 25, 2022 at 1:09 pm GMT

GBPUSD has managed to close north of the one-month trough of 1.3356, recouping some lost ground, after an aggressive drop below the simple moving averages (SMAs) that began from the 1.3600 price vicinity. The converged SMAs have dipped after the decline in the price, indicating that the momentum has turned to the downside. The stabilized blue Kijun-sen line reflects the opposing positive forces that reclaimed some of the lost ground but has yet to confirm that upside drive is persisting, [..]

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