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 […]
US Dollar Forecast: US CPI to Spark Next Big Move – EUR/USD, USD/JPY, GBP/USD – DailyFX
US dollar outlook – EUR/USD, GBP/USD, USD/JPY of USD It fell sharply last week, weighed down by falling U.S. bond yields. However, future US policy could turn the tide in favor of the dollar. consumer price index Data exceeds estimates US inflation data for February will be released on Tuesday morning Most read: USD/JPY falls […]
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 […]
US Dollar Forecast: US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY Setups – DailyFX
US dollar forecast – EUR/USD, GBP/USD, USD/JPY The focus of this week’s US economic calendar revolves around the release of the much-awaited economic data for January. PCE Friday data If there is a strong report that exceeds expectations, USD Meanwhile, lackluster results could have a bearish impact on the US currency In this article, we […]
US Dollar on Tenterhooks ahead of US CPI; Setups on Gold, USD/JPY & GBP/USD – DailyFX
Market Forecast – Gold Price, USD/JPY, GBP/USD of USD Moves without certainty of direction ahead of U.S. on Monday consumer price index data January US inflation report will capture market attention on Tuesday This article focuses on the following technical perspectives: gold price, USD/JPY and GBP/USD Recommended by Diego Coleman Build confidence in trading Most […]
US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action Setups – DailyFX
USD Weekly Forecast: Neutral Technical barriers will limit USD upside, but USD is likely to settle within a range next week EUR/USD strong despite worsening European outlook GBP/USD dissatisfied with long-term resistance – lower odds of interest rate cut supporting GBP? USD/JPY moves towards intervention levels again In this article’s analysis, chart pattern and the […]
GBP/USD Regains Strength While USD/CAD Dips Again – Action Forex
GBP/USD has started a new rally above the 1.2625 zone. USD/CAD is declining and trading below the support at 1.3415. Key points from today’s GBP/USD and USD/CAD analysis GBP is aiming for further gains above the 1.2755 resistance. On FXOpen’s GBP/USD hourly chart, there was a breakout above a major bearish trend line with resistance […]