The US dollar was strongly bid at the start of the first London session of 2023 as both the euro and the British pound fell sharply. For the GBP/USD currency pair, it fell to...
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GBPUSD pushes up to the 200 hour MA. Makes new intraday highs
GBPUSD GBPUSD tests its 200 hourly moving average at GBPUSD moved higher towards the 200 moving average at 1.2121 (see green line on the chart above). The price broke below the moving average on...
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2 Minutes
GBP/USD Forecast: Continues Upward Grind
Investors are trying to figure out whether the Federal Reserve plans to pull back from the market, which means they’re trying to figure out whether Jerome Powell will sound more hawkish or more hawkish...
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3 Minutes
GBP/USD Technical Analysis: Overbought Levels
The GBP/USD exchange rate returned above the psychological resistance level of 1.20 for the first time since August in short trade on Wednesday. The U.S. dollar extended losses after data showed major U.S. manufacturing...
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2 Minutes
GBPUSD GRINDS HIGHER TOWARD 1.1880 AS TRADERS EYE US EXISTING HOME SALES
GBPUSD remains up 0.2 % at the start of the North American session. The Federal Reserve’s hawkish commentary continued despite good market sentiment. , UK retail sales beat forecasts, a headwind for the British...
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1 Minute
GBP/USD CONTAINED AT THE 1.1220 AREA ON ITS REVERSAL FROM 1.1300
A reversal from 1.1300 finds support at 1.1220. Weak UK data and political uncertainty weigh on the pound. GBP / USD, approaching the top of the triangle. £ failed to attack 1.1300 earlier on...
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1 Minute
EUR/GBP RETURNS ABOVE 0.8700 AFTER UK’S FINANCE MINISTER’S DISMISSAL
The Euro’s recovery from the 0.8600 area extends above 0.8700. Pound weakens after PM Truss sacks his finance minister. EUR/GBP resistance is at 0.8750 and 0.8865. , euros rises on Friday after a sharp...
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2 Minutes
Gold Forecast: October 2022
We forecast that the majority of the month of October will be a matter of shorting rallies that show signs of weakening. Gold markets have been very noisy over the last few months, and September...
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1 Minute
GBP/USD Technical Analysis: Have the Sales Ended?
The losses of the GBP/USD pair during last week’s trades were the strongest as they fell to the lowest support level of 1.1717 since the collapse of the markets at the height of the 2020 Corona...
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GBP/USD Forecast: Continues to Wait for Jerome Powell
The GBP/USD has rallied slightly during the trading session on Thursday, as we are hanging around the 1.18 level. It’s worth noting that level has been a bit of a magnet for price for most of...
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