#TradingEvents #FinancialNews #GBPUSD #FOMC #BankOfEngland #InterestRates #Dollar #Unemployment #PMI #TreasuryBonds #Trading #Forex
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
📅 Events of the Day:
1. 12:30 Moscow Time - UK: PMI Index for the Services Sector.
2. 16:30 Moscow Time - USA: Initial Jobless Claims.
💷 GBPUSD: The FOMC meeting minutes from December 12-13 provided no hints about when the Federal Reserve's rate-cutting cycle might begin, supporting the dollar. Pessimistic assessments of the UK business leaders stimulate the Bank of England towards potential rate cuts. Trader expectations include around a 140 basis points reduction in rates by 2024. Dollar strengthening acts as an obstacle to the rise of GBPUSD.
📉 TechnicalAnalysis: It's preferable to remain cautious due to the mixed fundamental background. Traders are noting the retreat from the five-month peak around 1.2825-1.2830.
🔍 Analytics: Ahead of the release of the monthly US Non-Farm Payrolls (NFP) report, investors prefer to observe Thursday's economic indicators, including PMI for the UK and the US, as well as the ADP employment report for the US private sector.
📈 TradingRecommendation: When the level reaches 1.2682, it is recommended to open long positions. The Take Profit level is set at 1.2700.
📊 AdditionalInformation: More analytics is available on the [FreshForex](https://freshforex.org/analitics/fresh-forecast/?ff_mrk=analytics&utm_source=rssfeed&utm_medium=rss&utm_campaign=rssfun&ff_mrk=rss) website. #Trading #Forex #MarketAnalysis
freshforex.org
Fresh-прогноз рынка Форекс на сегодня | курс валют онлайн, forex прогнозы аналитиков | ФрешФорекс
Фреш-прогноз — прогноз форекс на сегодня и завтра от лучших аналитиков компании «FreshForex». Вы узнаете свежие курсы валют Форекс онлайн, аналитику Форекс, ежедневные обзоры и прогнозы рынка Форекс бесплатно и многое другое!
Event to watch today: 18:30 MSK. USD - Crude Oil Inventory Data.
The GBP/USD pair is in focus, oscillating around 1.2710 during the Asian session on Wednesday. After a recent decline, interrupting a four-day winning streak, the British Pound (GBP) found support against the U.S. Dollar (USD). Market risk-on sentiment, fueled by comments from Federal Reserve (FRS) members suggesting a possible rate cut by the end of 2024, contributed to the weakening of the USD. However, a sudden shift in risk aversion sentiment added extra pressure on the GBP/USD pair.
Furthermore, the head of the U.S. Federal Reserve, Michelle W. Bowman, stated that the current policy appears sufficiently tight but may eventually need a rate cut if inflation approaches the 2% target. Recently, the GBP/USD pair has shown strength, primarily influenced by divergences in monetary policies between the Bank of England (BoE) and the U.S. Federal Reserve (FRS). While the BoE maintains its stance on further rate hikes, despite signs of weakening inflation and wage growth, expectations are growing that the FRS might initiate an easing cycle as early as March.
Trading recommendation: Keep a close eye on the 1.2700 level.
#GBPUSD #CrudeOil #FRS #BankofEngland #InterestRates #Inflation #TradingRecommendation #Finance #Forex #CurrencyPairs
The GBP/USD pair is in focus, oscillating around 1.2710 during the Asian session on Wednesday. After a recent decline, interrupting a four-day winning streak, the British Pound (GBP) found support against the U.S. Dollar (USD). Market risk-on sentiment, fueled by comments from Federal Reserve (FRS) members suggesting a possible rate cut by the end of 2024, contributed to the weakening of the USD. However, a sudden shift in risk aversion sentiment added extra pressure on the GBP/USD pair.
Furthermore, the head of the U.S. Federal Reserve, Michelle W. Bowman, stated that the current policy appears sufficiently tight but may eventually need a rate cut if inflation approaches the 2% target. Recently, the GBP/USD pair has shown strength, primarily influenced by divergences in monetary policies between the Bank of England (BoE) and the U.S. Federal Reserve (FRS). While the BoE maintains its stance on further rate hikes, despite signs of weakening inflation and wage growth, expectations are growing that the FRS might initiate an easing cycle as early as March.
Trading recommendation: Keep a close eye on the 1.2700 level.
#GBPUSD #CrudeOil #FRS #BankofEngland #InterestRates #Inflation #TradingRecommendation #Finance #Forex #CurrencyPairs
"British Pound Under Pressure: GBP/USD Analysis"
GBP/USD shows moderate growth, but lower-than-expected wage growth in the UK and geopolitical tensions may limit the upward movement. Unemployment data remains stable, but the slowdown in wage growth supports the assumption of a possible interest rate cut by the Bank of England. Trading recommendation: Predominantly sell from current levels. #GBPUSD #BankOfEngland #Forex
GBP/USD shows moderate growth, but lower-than-expected wage growth in the UK and geopolitical tensions may limit the upward movement. Unemployment data remains stable, but the slowdown in wage growth supports the assumption of a possible interest rate cut by the Bank of England. Trading recommendation: Predominantly sell from current levels. #GBPUSD #BankOfEngland #Forex
"Pound Sterling Under Pressure: Impact of the Dollar Index on GBP/USD"
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
Pound sterling continues to decline for the second consecutive session, dropping to 1.2607 during Asian trading. The strengthening of the US Dollar (DXY), reaching an eight-week high, is putting pressure on GBP/USD.
Positive market sentiments, driven by the US labor market report, reinforce expectations of maintaining Fed rates. The economic analysis from the Bank of England also indicates no need for a rate cut in the near future.
Traders await the release of the ISM Services PMI in the US to gain additional signals about the labor market's condition. It is recommended to place a sell order for GBP/USD below the price level of 1.2615.
#Pound #Dollar #GBPUSD #Trading #Economy #BankOfEngland
GBP/USD: Await Macroeconomic Data.
GBP/USD is currently unable to surpass the 1.2620 level ahead of significant macroeconomic data. The head of the Bank of England made optimistic remarks about the current interest rate level, but also discussed the possibility of a rate cut. A mixed fundamental background leads traders to prefer observation before making new bets. Publication of employment and inflation data in the UK, as well as GDP and retail sales data, is expected. #GBP #USD #BankofEngland #macroeconomics #inflation
GBP/USD is currently unable to surpass the 1.2620 level ahead of significant macroeconomic data. The head of the Bank of England made optimistic remarks about the current interest rate level, but also discussed the possibility of a rate cut. A mixed fundamental background leads traders to prefer observation before making new bets. Publication of employment and inflation data in the UK, as well as GDP and retail sales data, is expected. #GBP #USD #BankofEngland #macroeconomics #inflation
USDJPY: Awaiting US Inflation Data and Bank of Japan Comments
The USD/JPY pair is trading without significant changes at the start of the Asian session. Uncertainty about the timing of interest rate cuts leaves the US dollar in consolidation. Investors are awaiting the release of US Consumer Price Index (CPI) data and comments from the Bank of Japan, which could influence the Japanese yen's exchange rate. Trading recommendation: preferably trade on buy from current price levels.
Today's events in the financial markets could significantly impact currency pair rates, so investors should exercise caution and monitor market dynamics. #Forex #Finance #Investments #EURUSD #GBPUSD #USDJPY #inflation #CPI #BankofEngland #Fed #BankofJapan #labormarket #unemployment
The USD/JPY pair is trading without significant changes at the start of the Asian session. Uncertainty about the timing of interest rate cuts leaves the US dollar in consolidation. Investors are awaiting the release of US Consumer Price Index (CPI) data and comments from the Bank of Japan, which could influence the Japanese yen's exchange rate. Trading recommendation: preferably trade on buy from current price levels.
Today's events in the financial markets could significantly impact currency pair rates, so investors should exercise caution and monitor market dynamics. #Forex #Finance #Investments #EURUSD #GBPUSD #USDJPY #inflation #CPI #BankofEngland #Fed #BankofJapan #labormarket #unemployment