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Gbpusd

All articles tagged with #gbpusd

Key Market Events to Watch This Week: Inflation, Currencies, and PMIs

The upcoming week in financial markets will start slowly due to holidays in the US and UK, potentially leading to low trading volumes and sluggish price action. Key events to watch include Eurozone May CPI figures and US Core PCE data on Friday, which could influence monetary policy decisions and market volatility. Eurozone inflation is expected to rise slightly, while US Core PCE is anticipated to show a small decrease, impacting the outlook for interest rates and the US dollar.

via DailyFX|

#eurusd #financial-markets #gbpusd

finance1 year ago•1 min saved

"Central Banks Hold Steady on Interest Rates Amid Economic Uncertainty"

The Bank of England has left the bank rate unchanged at 5.25%, with a vote of 8-0-1, as expected. The decision reflects a belief that the economy is moving in the right direction but is not yet at the point to cut interest rates. While inflation has fallen back sharply, the restrictive monetary policy stance is impacting the real economy and labor market. The bank remains prepared to adjust monetary policy as warranted by economic data to return inflation to the 2% target sustainably. The pound has weakened slightly in response to the decision, with traders finding more comfort in the possibility of a rate cut in August.

via ForexLive|

#bank-of-england #finance #gbpusd

finance2 years ago•3 min saved

"Analyzing the Impact of the February US Jobs Report on Currency Markets"

The upcoming US jobs report is expected to have a significant impact on the US dollar and financial markets, potentially guiding the timing of the Federal Reserve's easing cycle. Economists anticipate that U.S. employers added 200,000 workers to their ranks in February, with potential for an upside surprise. A strong jobs report could lead to a more hawkish interest rate outlook, pushing back expectations for rate cuts and boosting the US dollar, while a lackluster report could reinforce expectations of Fed cuts and weigh on the dollar. The article also discusses technical outlooks for EUR/USD, USD/JPY, and GBP/USD, highlighting key resistance and support levels for each currency pair.

via DailyFX|

#eurusd #finance #gbpusd

finance2 years ago•3 min saved

"Investor Anticipation: US Dollar Volatility Ahead of CPI Report"

The US dollar traded cautiously ahead of the release of the January consumer price index statistics, with the market awaiting the potential impact on key financial assets. Gold prices lacked directional conviction, with resistance at $2,065 and support at $2,005. USD/JPY consolidated above support at 148.90, with resistance at 150.00 and a potential pullback towards 147.40. GBP/USD staged a moderate comeback, consolidating above the 1.2600 handle, with resistance at 1.2675 and support at 1.2565.

via DailyFX|

#finance #gbpusd #gold-prices

finance2 years ago•2 min saved

"Inflation's Impact: Gold Prices Set to React to US CPI Report and Rising Bond Yields"

Gold prices fell due to rising U.S. Treasury yields and a stronger U.S. dollar, while EUR/USD and GBP/USD edged lower but held above key support levels. The upcoming U.S. inflation report is expected to bring volatility, potentially impacting yields, the dollar, stocks, and gold prices. Traders should prepare for possible market turbulence and consider various scenarios based on the inflation data.

via DailyFX|

#eurusd #finance #gbpusd

finance2 years ago•3 min saved

"Currency Forecast: USD/JPY Breaks Resistance, EUR/USD & GBP/USD Decline"

The US dollar strengthened due to surging US Treasury yields and positive economic data, with the DXY index rising sharply. FOMC Chairman Jerome Powell's remarks suggested a delay in reducing borrowing costs, contributing to the dollar's support. USD/JPY broke resistance and may rally further, while EUR/USD plummeted and faces potential support at 1.0720. GBP/USD broke below the 200-day simple moving average and may find support at 1.2455.

via DailyFX|

#eurusd #federal-reserve #finance

finance2 years ago•2 min saved

"US Dollar Surges on Blowout Jobs Report, Impact on Forex Markets"

The US dollar surged after the release of strong NFP data, leading to a rise in Treasury yields and potential implications for the Fed's policy stance. The article provides technical analysis for three U.S. dollar pairs: EUR/USD, USD/JPY, and GBP/USD, highlighting key price levels and potential scenarios for each pair. The EUR/USD faces support at 1.0780 and resistance at 1.0860, while the USD/JPY may target 148.90 with support at 147.40. GBP/USD is consolidating within a symmetrical triangle, with critical levels at 1.2750 and 1.2630.

via DailyFX|

#eurusd #finance #gbpusd

finance2 years ago•3 min saved

"Market Dynamics: US Dollar Reacts to Core PCE and Inflation Data"

The US dollar's near-term trajectory and the FOMC’s guidance may be influenced by the release of core personal consumption expenditures data, the Fed’s preferred inflation gauge. A subdued core PCE reading below 3.0% could lead to a sharp turn to the downside for the greenback, potentially validating market pricing of deep interest rate cuts. Meanwhile, EUR/USD is facing potential pullback towards 1.0770, GBP/USD is consolidating within a symmetrical triangle, and gold is confined between $2,030 and $2,005 with potential breakout levels at $2,065 and $1,990.

via DailyFX|

#core-pce #eurusd #finance

finance2 years ago•2 min saved

"Dollar Dominance: Surge Amidst Rate Cut Jitters and Global Risks"

The US dollar strengthened against major currencies as higher US Treasury yields reduced expectations for a March interest rate cut, with the euro, British pound, and Australian dollar falling sharply. Technical analysis indicates that EUR/USD may find support at 1.0840, GBP/USD at 1.2600, and AUD/USD near 0.6570, while resistance levels are at 1.0930, 1.2675, and 0.6635 respectively. The market sentiment suggests caution amid potential reversals and the need to monitor crucial support levels.

via DailyFX|

#audusd #eurusd #finance

finance-forex-trading2 years ago•3 min saved

"US Dollar Faces Critical Juncture After CPI: Impact on Major Currency Pairs"

Despite higher-than-expected U.S. inflation figures, U.S. interest rate expectations have shifted in a more dovish direction, leading to a halt in the U.S. dollar's recovery. The Fed is unlikely to implement the deep rate cuts priced in by the markets, and may take a proactive stance to push back against the excessively dovish outlook. Technical analysis suggests potential upward trajectory for EUR/USD, while GBP/USD is trading below overhead resistance. USD/JPY's rally lost impetus as it struggled to surpass resistance, and a clear push above is required to reignite upward momentum.

via DailyFX|

#eurusd #finance-forex-trading #forex-trading

finance2 years ago•3 min saved

Gold and Forex Markets Q1 Outlook: Record-Breaking Prices and Fed's Influence

Gold prices and U.S. equities faced moderate losses at the start of 2024 due to a rally in Treasury yields and a stronger U.S. dollar, influenced by the robust December U.S. jobs report. Market dynamics suggest potential weakening of gold and risk assets, as well as the euro, British pound, and Japanese yen against the U.S. dollar. DailyFX offers Q1 technical and fundamental forecasts for various assets, including currencies, commodities, and cryptocurrencies, to guide trading strategies in the coming months.

via DailyFX|

#eurusd #finance #gbpusd

finance-and-economics2 years ago•4 min saved

"Dollar Soars in 2024 Amid Yield Surge and Fed Policy Speculation"

The U.S. dollar is gaining momentum alongside rising U.S. Treasury yields, with traders eyeing the upcoming ISM manufacturing survey and U.S. nonfarm payrolls report for further economic indicators. The EUR/USD, GBP/USD, and USD/JPY currency pairs are experiencing technical movements in response to these macroeconomic factors. The dollar's strength is contingent on positive economic data, which could reduce expectations of aggressive Fed rate cuts, while disappointing data could lead to a more dovish Fed stance and potential dollar weakness.

via DailyFX|

##eurusd #finance-and-economics

finance2 years ago•4 min saved

"US Dollar Struggles Amidst Weak Economic Data and Rate Cut Outlook"

The US dollar has sunk to its lowest level since late July, with the Federal Reserve's dovish stance and lower Treasury rates contributing to its decline. With US yields biased downwards and a risk-on sentiment in equity markets, the dollar may continue to weaken in the near term. This could lead to potential gains for gold prices, EUR/USD, and GBP/USD. Technical analysis suggests that EUR/USD is approaching resistance at 1.1000, while GBP/USD has rebounded off support at 1.2600. Gold prices have recovered after bouncing off trendline support at $1,975 and are approaching a key resistance level at $2,050.

via DailyFX|

#eurusd #finance #gbpusd

finance2 years ago•2 min saved

Gold Prices Surge as Fed Signals Dovish Stance, Dollar Weakens

Gold prices regain $2,000 as the US dollar slides, while GBP/USD and EUR/USD rally. The Federal Reserve plans to implement three interest rate cuts in 2024, acknowledging potential economic weakness. The Bank of England and the European Central Bank maintain their hawkish outlooks, with expectations of rate cuts in 2024. Equity markets continue to rise, but volume is expected to decrease as the Christmas/New Year break approaches. Key economic data releases next week include UK and US inflation reports and the Bank of Japan policy meeting. Gold and silver prices jump due to a dovish Fed outlook, and the US dollar's short-term performance will be influenced by the November US PCE report.

via DailyFX|

#eurusd #finance #gbpusd

finance2 years ago•4 min saved

US Dollar Plummets as Fed Signals Multiple Rate Cuts in 2024

The US dollar weakened across the board as the Federal Reserve signaled multiple rate cuts for next year, causing Treasury yields to plummet. The technical outlook for major currency pairs, including EUR/USD, USD/JPY, and GBP/USD, is examined after significant moves in the foreign exchange market. EUR/USD broke through resistance and could rally further, while USD/JPY dropped towards its 200-day moving average. GBP/USD climbed past resistance and may retest higher levels.

via DailyFX|

#eurusd #federal-reserve #finance