#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
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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
GBP/USD Holds Ground Amid Weak PPI Data and Geopolitical Risks
📉 The GBP/USD pair remains close to the 1.2760 level amidst a weakened US dollar, following a drop in bond yields and weak Producer Price Index (PPI) data from the US. Geopolitical tensions in the Middle East, sparked by military strikes on Iranian targets, also impact the pair. The unexpected decrease in PPI in December increases the likelihood of Federal Reserve interest rate cuts in 2024. Improved manufacturing data in the UK supports GBP/USD. Trading Recommendation: Primarily trade on Buy from current levels. #GBPUSD #Forex #Geopolitics
📉 The GBP/USD pair remains close to the 1.2760 level amidst a weakened US dollar, following a drop in bond yields and weak Producer Price Index (PPI) data from the US. Geopolitical tensions in the Middle East, sparked by military strikes on Iranian targets, also impact the pair. The unexpected decrease in PPI in December increases the likelihood of Federal Reserve interest rate cuts in 2024. Improved manufacturing data in the UK supports GBP/USD. Trading Recommendation: Primarily trade on Buy from current levels. #GBPUSD #Forex #Geopolitics
#GBPUSD #Forex #Finance #LaborMarket
📈 Trading Session Overview:
The GBP/USD pair is declining due to geopolitical risks and expectations of UK labor market data. The canceled speech by the Bank of England's Governor Andrew Bailey also puts pressure on the British pound.
💼 Key Events of the Day:
10:00 MSK: Change in the number of unemployment benefit claims.
Concerns about geopolitical risks.
📉 Trading Recommendation:
Trade on the sell side from the 1.2690 level.
📈 Trading Session Overview:
The GBP/USD pair is declining due to geopolitical risks and expectations of UK labor market data. The canceled speech by the Bank of England's Governor Andrew Bailey also puts pressure on the British pound.
💼 Key Events of the Day:
10:00 MSK: Change in the number of unemployment benefit claims.
Concerns about geopolitical risks.
📉 Trading Recommendation:
Trade on the sell side from the 1.2690 level.
"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
"GBP/USD: Impact of Consumer Price Index on Pair Movement"
The GBP/USD pair hopes to strengthen its position after a good rebound from levels below 1.2600. The increase in the Consumer Price Index (CPI) in the UK in December served as the basis for this upward movement. The report showed a rise to 4.0%, the first increase in 10 months.
The market assesses the probability of a Bank of England (BoE) interest rate cut in May at around 60%, compared to over 80% the previous Tuesday. This, in turn, supports the British pound. The decline in the US dollar after its recent surge also contributes to the pair's strength.
Trading recommendation: Primarily trade on sell (Sell), monitor the level of 1.2700. Important macroeconomic news today may affect GBP/USD.
#Forex #GBPUSD #BoE #CPI #TradingRecommendation
The GBP/USD pair hopes to strengthen its position after a good rebound from levels below 1.2600. The increase in the Consumer Price Index (CPI) in the UK in December served as the basis for this upward movement. The report showed a rise to 4.0%, the first increase in 10 months.
The market assesses the probability of a Bank of England (BoE) interest rate cut in May at around 60%, compared to over 80% the previous Tuesday. This, in turn, supports the British pound. The decline in the US dollar after its recent surge also contributes to the pair's strength.
Trading recommendation: Primarily trade on sell (Sell), monitor the level of 1.2700. Important macroeconomic news today may affect GBP/USD.
#Forex #GBPUSD #BoE #CPI #TradingRecommendation
Event to Watch Today: The key event to watch today is the release of the U.S. Gross Domestic Product (GDP) data for the fourth quarter on an annual basis. The data is scheduled to be published at 16:30 CET.
The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.
The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.
Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.
Trading Recommendation: The trading recommendation leans towards sell orders.
#GBPUSD #FX #trading #Forex #ForexNews #ForexAnalysis #EURUSD #USDJPY #AUDUSD #XAUUSD #BTCUSD
The GBPUSD pair continues its downtrend after retreating from the recent two-week high of 1.2774 on Wednesday. During the European session on Thursday, the GBP/USD pair is trading lower, near 1.2710.
The British Pound (GBP) initially gained support from positive Purchasing Managers' Index (PMI) data from the United Kingdom. However, this upward momentum couldn't be sustained after favorable PMI data was released from the United States.
Positive PMI data from S&P Global in the U.S. on Wednesday may reduce the likelihood of a Federal Reserve rate cut in March, leading to a decline in the GBPUSD pair.
Trading Recommendation: The trading recommendation leans towards sell orders.
#GBPUSD #FX #trading #Forex #ForexNews #ForexAnalysis #EURUSD #USDJPY #AUDUSD #XAUUSD #BTCUSD
GBPUSD: 1.2680, Downward Trend Continues
GBPUSD continued to lose ground for a second session in a row on Wednesday, falling to 1.2680 in the Asian session.
The main factors weighing on the pound are:
Risk-off sentiment is pushing investors towards the U.S. dollar (USD), which in turn is undermining the GBP/USD pair.
U.S. President Joe Biden said that after the deadly drone strike on U.S. troops in the border area between Jordan and Syria, the United States will respond to the specific situation in accordance with a multi-pronged approach.
However, the decline in U.S. Treasury yields could keep dollar bulls from aggressive bets ahead of the Fed's highly anticipated monetary policy decision, which is scheduled to be released today. Additionally, uncertainty over when the Bank of England (BoE) will begin cutting interest rates could be a tailwind for the British currency.
Trading recommendation: Sell orders from the current price level.
#GBPUSD #Fed #FedRateCut #pound #dollar #risk #geopoliticalRisks
GBPUSD continued to lose ground for a second session in a row on Wednesday, falling to 1.2680 in the Asian session.
The main factors weighing on the pound are:
Risk-off sentiment is pushing investors towards the U.S. dollar (USD), which in turn is undermining the GBP/USD pair.
U.S. President Joe Biden said that after the deadly drone strike on U.S. troops in the border area between Jordan and Syria, the United States will respond to the specific situation in accordance with a multi-pronged approach.
However, the decline in U.S. Treasury yields could keep dollar bulls from aggressive bets ahead of the Fed's highly anticipated monetary policy decision, which is scheduled to be released today. Additionally, uncertainty over when the Bank of England (BoE) will begin cutting interest rates could be a tailwind for the British currency.
Trading recommendation: Sell orders from the current price level.
#GBPUSD #Fed #FedRateCut #pound #dollar #risk #geopoliticalRisks
GBPUSD: Forecast for February 1, 2024
Events:
3:00 PM GMT, GBP - Bank of England interest rate decision
5:15 PM GMT, GBP - Speech by BoE Governor Bailey
6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
GBPUSD is ranging between 1.2600 and 1.2800.
Bank of England expected to keep interest rate unchanged at 5.25%.
UK labor market showing signs of rebalancing, but economic outlook remains uncertain.
Recommendation:
Consider buying above 1.2700.
#GBPUSD #Forex #Analysis #Forecast
Events:
3:00 PM GMT, GBP - Bank of England interest rate decision
5:15 PM GMT, GBP - Speech by BoE Governor Bailey
6:00 PM PST, USD - ISM Manufacturing PMI
Analysis:
GBPUSD is ranging between 1.2600 and 1.2800.
Bank of England expected to keep interest rate unchanged at 5.25%.
UK labor market showing signs of rebalancing, but economic outlook remains uncertain.
Recommendation:
Consider buying above 1.2700.
#GBPUSD #Forex #Analysis #Forecast
"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
GBPUSD: Sell from current levels
The GBPUSD pair dropped to a multi-week low of 1.2518. Expectations of an imminent Fed rate cut are easing, which is supporting the US dollar.
Bank of England Chief Economist Huw Pill said rates could fall this year, but only if inflation continues to fall.
In the absence of major economic data from the UK and the US, risk sentiment will play a key role for GBPUSD.
#GBPUSD #FOREX #ANALYSIS #FRESHFOREX
The GBPUSD pair dropped to a multi-week low of 1.2518. Expectations of an imminent Fed rate cut are easing, which is supporting the US dollar.
Bank of England Chief Economist Huw Pill said rates could fall this year, but only if inflation continues to fall.
In the absence of major economic data from the UK and the US, risk sentiment will play a key role for GBPUSD.
#GBPUSD #FOREX #ANALYSIS #FRESHFOREX
#Finance #Forex #EURUSD #GBPUSD #USDJPY #analysis
1. EURUSD: Outlook for EUR-USD Pair Following Rebound from 2024 Lows
The EUR-USD pair rebounded from the lows of 2024, rising to the level of 1.0760. This uptrend was supported by the weakening of the US dollar and some comments from Federal Reserve officials. However, retail sales in the Eurozone declined, exerting some pressure on the euro. Trading recommendations focus on sell orders towards the price level of 1.0710.
2. GBPUSD: Analysis of Pound Sterling Dynamics Against the US Dollar
GBP to USD is trading higher amid the weakening of the US dollar and the decline in US Treasury bond yields. Markets assess the probability of rate cuts in March and May, which supports the dollar's exchange rate. However, the pound sterling is at risk of a technical recession, which could impact the Bank of England's interest rate policy. Trading recommendations predominantly assume sell orders.
3. USDJPY: Analysis of the US Dollar Dynamics Against the Japanese Yen
The Japanese yen strengthened during the Asian session, anticipating an increase in wage growth and a potential exit from the Bank of Japan's loose monetary policy. However, unfavorable macroeconomic data in Japan and concerns about geopolitical tensions may deter traders from new yen positions. Trading recommendations suggest buy orders, considering some downward pressure on the USD/JPY pair.
1. EURUSD: Outlook for EUR-USD Pair Following Rebound from 2024 Lows
The EUR-USD pair rebounded from the lows of 2024, rising to the level of 1.0760. This uptrend was supported by the weakening of the US dollar and some comments from Federal Reserve officials. However, retail sales in the Eurozone declined, exerting some pressure on the euro. Trading recommendations focus on sell orders towards the price level of 1.0710.
2. GBPUSD: Analysis of Pound Sterling Dynamics Against the US Dollar
GBP to USD is trading higher amid the weakening of the US dollar and the decline in US Treasury bond yields. Markets assess the probability of rate cuts in March and May, which supports the dollar's exchange rate. However, the pound sterling is at risk of a technical recession, which could impact the Bank of England's interest rate policy. Trading recommendations predominantly assume sell orders.
3. USDJPY: Analysis of the US Dollar Dynamics Against the Japanese Yen
The Japanese yen strengthened during the Asian session, anticipating an increase in wage growth and a potential exit from the Bank of Japan's loose monetary policy. However, unfavorable macroeconomic data in Japan and concerns about geopolitical tensions may deter traders from new yen positions. Trading recommendations suggest buy orders, considering some downward pressure on the USD/JPY pair.
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
GBPUSD: Awaiting GDP Data
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
GBPUSD holds above 1.2500. Upside capped by weak UK inflation data.
Investors eye Q4 UK GDP data (forecast: +0.1%).
BoE Governor Bailey says inflation to fall to target level by spring.
Trade recommendation:
Buy orders anticipating further rise.
#GBPUSD #Pound #Dollar #BoE #Bailey #GDP #Forex #Analysis
GBPUSD: Pound Struggles for 1.2600
GBPUSD fails to break above 1.2600. Weak UK data (GBP) on GDP and inflation holds back gains, while the USD finds support in yields.
Events:
10:00 AM CET: GBP - Retail Sales MoM
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade predominantly Buy from current levels
#GBPUSD #Forex #FundamentalAnalysis
GBPUSD fails to break above 1.2600. Weak UK data (GBP) on GDP and inflation holds back gains, while the USD finds support in yields.
Events:
10:00 AM CET: GBP - Retail Sales MoM
4:30 PM CET: USD - Producer Price Index (PPI)
Trading Recommendation:
Trade predominantly Buy from current levels
#GBPUSD #Forex #FundamentalAnalysis
GBPUSD: Growth potential remains
March 11, 2024
The GBPUSD pair is holding around 1.2850, maintaining a positive sentiment. This is supported by:
Strong US labor market data: Strong US labor market data could lead to a narrowing of the gap between Fed and BoE policies, which supports the pound.
Expectations of Fed rate cuts: Expectations of Fed rate cuts are negative for the US dollar, which supports GBPUSD.
Positive UK budget: The UK's spring budget was met positively, which also supports the pound.
Trading recommendation:
Trade predominantly with Buy orders from the current price level.
#GBPUSD #Forex #Analytics
March 11, 2024
The GBPUSD pair is holding around 1.2850, maintaining a positive sentiment. This is supported by:
Strong US labor market data: Strong US labor market data could lead to a narrowing of the gap between Fed and BoE policies, which supports the pound.
Expectations of Fed rate cuts: Expectations of Fed rate cuts are negative for the US dollar, which supports GBPUSD.
Positive UK budget: The UK's spring budget was met positively, which also supports the pound.
Trading recommendation:
Trade predominantly with Buy orders from the current price level.
#GBPUSD #Forex #Analytics