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GBPUSD Technical Analysis – A look at the chart ahead of the BOE decision – ForexLive

Basic overview The dollar weakened as last week’s FOMC decision, in which the Fed decided to signal an expansion of QT taper starting in June, was more dovish than expected, and Fed Chairman Jerome Powell repeatedly rallied against expectations for rate hikes. There has been a general decline recently. Additionally, Friday’s data showed that the […]

GBPUSD Technical Analysis – Watch what happens at this resistance zone – ForexLive

USD The Fed left interest rates unchanged, as expected at its previous meeting, and its statement remained essentially unchanged. The dotplot still shows three rate cuts in 2024, with an upward revision to economic forecasts for higher growth and inflation and lower unemployment. Fed Chairman Jerome Powell remained neutral, saying it was too early to […]

GBP/USD Price Analysis: Bounces off bottom of range but soon stalls – FXStreet

This week, GBP/USD rebounded from key support levels and rose strongly. However, resistance at two major moving averages prevented the upward trend. A clear breakout of this resistance barrier would be needed for a rally to the range high to be confirmed. GBP/USD has just rebounded from the bottom of a medium-term consolidation range after […]

US Dollar Technical Analysis: EUR/USD & GBP/USD Rebound, USD/JPY Flat – DailyFX

US dollar forecast – EUR/USD, GBP/USD, USD/JPY USD Sales slow down on Monday ahead of a high-impact event later in the week core PCE Data and Powell’s speech on Friday will be the focus of attention. In this article: euro/usd, GBP/USD and USD/JPY Most read: USD Forecast: PCE data steals the show.Settings for EUR/USD, USD/JPY, […]

US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups – DailyFX

Most read: USD Outlook and Market Sentiment: USD/JPY, USD/CAD, USD/CHF The US dollar, as measured by the DXY index, rose last week and closed on Friday at its highest level since mid-February. The dollar rallied against the backdrop of shifts in global interest rate expectations, despite initially falling after the Federal Reserve ruled out new […]

GBPUSD Technical Analysis – We are at a key level – ForexLive

USD The Fed kept interest rates on hold as expected at its previous meeting, dropping its tightening bias in a statement. US PCE matched expectations. U.S. jobless claims were lower than expected, but the data remains within recent ranges. The latest US PMI rose further from last month as the manufacturing PMI came in above […]