GBP trading Archives

Euro Wavers: ECB Rate Signals and Mixed Global Indicators

Leave a Comment / Forex / By Chloe Wilson

Quick Look: ECB Vice President hints at June rate cut, influencing EUR/USD exchange rates. Mixed PMI data presents a complex economic outlook; the US shows weaker figures. Technical patterns suggest a potential decline in EUR/USD amid fluctuating forex markets. In a week filled with pivotal economic updates, the euro experienced significant fluctuations, influenced by European …

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GBP/USD Down 3.7%, Tests Key Support at 1.2430

Leave a Comment / Forex / By Chloe Wilson

Quick Look: GBP struggles at 1.2430 against USD, down 3.7% from March highs. CPI, retail data influence GBP/USD amid Fed and BoE rate speculations. Fed maintains firm stance on rates, BoE signals potential easing. GBP/USD faces critical support at 1.2337; traders adjust strategies amidst uncertainty. The British pound is currently on the back foot against …

GBP/USD Down 3.7%, Tests Key Support at 1.2430 Read More »

The Euro at Its Lowest Since 2020 (EUR/USD)

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals

Leave a Comment / Forex / By Chloe Wilson

Quick Look: EUR/USD shows potential for a minor rebound, facing mixed market sentiments. Key support at 1.0600-1.0605, with resistance near 1.0710. Hawkish Fed vs ECB rate cut rumours fuel volatility. Upcoming economic events include UK inflation data and the ECB President’s speech. NZD strength on inflation report, GBP volatility ahead of UK data. The Euro …

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals Read More »

Wibest – the aud: Austalian dollar bills.

AUD Market Analysis: Key Trends & Numbers

Leave a Comment / Forex / By Chloe Wilson

Quick Look: AUD/USD is close to crucial support, hinting at possible further declines or a bullish reversal. EUR/USD approaches a support zone, with its future direction depending on its resilience. GBP/USD’s fluctuations around its SMA indicate uncertainty in its next movement direction. EUR/AUD maintains a neutral to cautiously bullish outlook, influenced by iron ore prices …

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Washington: Japanese yen and Swiss franc bills and a calculator.

Japanese Yen: Key Forecasts Amid Market Shifts

Leave a Comment / Forex / By Chloe Wilson

Quick Look: The Japanese Yen to Dollar is under scrutiny due to economic indicators and Fed commentary. GBP/JPY struggles below 190.50, influenced by Japanese verbal interventions, geopolitical tensions, and the BoE’s dovish stance. For the Japanese Yen, bullish signals show potential for an upside. Geopolitical factors sway GBP/JPY’s direction. USD/JPY movement hinges on PMIs, BoJ/Fed …

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GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Leave a Comment / Forex / By Chloe Wilson

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets Read More »

USD/CHF Neutral, Eyes on 0.9243 Cap

Leave a Comment / Forex / By Chloe Wilson

Quick Look: USD/CHF exhibits a neutral stance, attracting attention from traders and analysts. Recent technical indicators suggest a potential trajectory shift, like MACD on the 4-hour strategy. A temporary top was established at 0.9019; robust support at 0.8838 indicates a potential rebound. The longer-term perspective shows the corrective pattern from the medium-term bottom, upside capped …

USD/CHF Neutral, Eyes on 0.9243 Cap Read More »

Wibest – GBP/USD: British pound sterling coins over US dollar bills.

GBP/USD Slips 0.39% Amid Mixed Global Economic Cues

Leave a Comment / Forex / By Chloe Wilson

Quick Look GBP/USD current trading session sees a decline of 0.39%, standing at 1.2807. The pound had previously achieved six consecutive wins, with a 1.56% rise last week. Upcoming UK employment data and the BoE rate decision are in focus. US employment figures surpass expectations, but wage growth slows down. BoE’s interest rate cut expectations …

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GBP/USD Bearish Shift: Key Indicators & Trends

Leave a Comment / Forex / By Chloe Wilson

Quick Look GBP/USD Experiences a Bearish Shift, with a closing around 1.2650. Downward Trend Expected to Continue, pending key events like the UK budget announcement and the US job numbers release. Key Events to Watch: UK Budget Announcement, Federal Reserve Chairman’s Testimony, and US Job Numbers. Economic Indicators Show Mixed Signals: Strong Services Sector PMI …

GBP/USD Bearish Shift: Key Indicators & Trends Read More »

GBP/USD Recovers to 1.2635 Amid Global Market Shifts

Leave a Comment / Forex / By Chloe Wilson

Quick Look GBP/USD trades around 1.2630-1.2635, recovering from a recent low. Key resistance and support levels were identified, with eyes on 1.2708 and 1.2499, respectively. US economic indicators show mixed signals; inflation is at a three-year low. Federal Reserve and Bank of England maintain a cautious stance on rate cuts. Market sentiment sways towards risk-on, …

GBP/USD Recovers to 1.2635 Amid Global Market Shifts Read More »

With the cryptocurrency market's rise, Saxo's crypto offerings have increased in demand.

Forex Review: EUR/USD, GBP/USD, USD/CAD

Leave a Comment / Forex / By Chloe Wilson

Quick Look EUR/USD gains traction, trading above the 55-day EMA with an upside bias. USD/CAD exhibits neutral intraday bias, with range trading in focus. GBP/USD remains neutral, with the potential for a breakout or breakdown. Key economic indicators and the Federal Reserve’s policy meeting influence market dynamics. USD performance varies, showing weakness against the New …

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EUR/USD - Ahead Of The US CPI Release, The Dollar Rises On High Yields

Economic Indicators: Unpacking Fiscal & Market Trends

Leave a Comment / Forex / By Chloe Wilson

Quick Look UK’s Claimant Count Change fell by 14.1K, showcasing a strong labour market. The US Federal Budget Balance worsened to -21.9 billion USD, indicating fiscal stress. UK’s unemployment rate remains low at 3.8%, with the Average Earnings Index rising by 5.8%. US inflation forecasts suggest mild monthly increases, with a year-over-year CPI expected at …

Economic Indicators: Unpacking Fiscal & Market Trends Read More »

Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz

Leave a Comment / Forex / By Chloe Wilson

Quick Look The US Dollar Index remains steady near 104.00, with Treasury yields showing slight gains. China reports mixed economic indicators, with a slight monthly CPI increase but a yearly decline and a drop in PPI. Major currency pairs exhibit varied performance, highlighting market sensitivity to global economic data and policy expectations. Gold maintains its …

Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz Read More »

Forex Day Trading Amidst Shifting Market Dynamics

Leave a Comment / Uncategorized / By Sharon Bloom

In the ever-evolving world of finance, forex day trading remains a dynamic venture that demands a keen understanding of global economic factors. Today, we delve into the intricacies of this fast-paced market, examining recent developments that have influenced major currencies, particularly the US Dollar (USD). USD Pullback Amidst Economic Data and Bond Yields After reaching …

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Dollar Collapse: Market Dynamics and Global Impact

Leave a Comment / Forex / By Sharon Bloom

The recent possibility of collapse of the once-dominant US dollar, amid softening US yields and anticipation of the US Consumer Price Index (CPI) data, has added renewed selling pressure to the global financial landscape. This downturn not only impacts the United States but also reverberates across various currency pairs, stirring speculations about future dollar buyback …

Dollar Collapse: Market Dynamics and Global Impact Read More »

GBP trading

Euro Wavers: ECB Rate Signals and Mixed Global Indicators

GBP/USD Down 3.7%, Tests Key Support at 1.2430

EUR/USD Eyes 1.0665 Amid Mixed Central Bank Signals

AUD Market Analysis: Key Trends & Numbers

Japanese Yen: Key Forecasts Amid Market Shifts

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

USD/CHF Neutral, Eyes on 0.9243 Cap

GBP/USD Slips 0.39% Amid Mixed Global Economic Cues

GBP/USD Bearish Shift: Key Indicators & Trends

GBP/USD Recovers to 1.2635 Amid Global Market Shifts

Forex Review: EUR/USD, GBP/USD, USD/CAD

Economic Indicators: Unpacking Fiscal & Market Trends

Dollar Index Steady at 104, Gold Strong at $2030 Amid Policy Buzz

Forex Day Trading Amidst Shifting Market Dynamics

Dollar Collapse: Market Dynamics and Global Impact

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