GBP/USD eases from daily top on weaker UK data, hovers around 1.3100 ahead of US CPI – FXStreet
GBP/USD continues to attract buyers for the second consecutive day as the US Dollar weakens slightly. The intraday rally lost momentum after disappointing UK macroeconomic data releases. Any declines are likely to be limited as traders await the release of the key US Consumer Price Index (CPI) report. The GBP/USD pair gained follow-through positive traction […]
GBP/USD flat after UK labor market data, eyes on US CPI – FXStreet
GBP/USD remains under pressure around the 1.3050 region as cautious market sentiment masks a near-term recovery sparked by the UK employment data. US CPI data will be a focus on Wednesday. Markets will also be focused on the US presidential debate on Tuesday. The GBP/USD pair remains on the defensive, dropping towards 1.3050 during the […]
GBP/USD Price Forecast: Tumbles below 1.3200 as US Dollar recovers – FXStreet
Momentum in GBP/USD is in favor of sellers and they may target the July 17th high of 1.3043. Any further declines could result in a test of 1.3043. The next major support is the March 8th high at 1.2893. For an upside reversal to occur, buyers would need to push the pair above 1.3200 and […]
GBP/USD holds position around 1.3200 ahead of UK PM Starmer’s speech – FXStreet
GBP/USD rose slightly on rising market optimism due to easing tensions in the Middle East. San Francisco Fed President Daly has backed the idea of initiating a 25 basis point rate cut. British Prime Minister Starmer may stress that “change won't happen overnight”, but he is keen to tackle bigger problems. GBP/USD rose slightly after […]
Pound Sterling Price News and Forecast: GBP/USD trades with a mild positive bias around 1.2670 – FXStreet
GBP/USD rises slightly above 1.2650, focus on Fed remarks The GBP/USD pair registered modest gains near 1.2670 in early Asian trading on Friday. Meanwhile, the USD index (DXY) regained some lost ground after rebounding from multi-week lows near 104.00 in the previous session. The US Federal Reserve remains cautious regarding inflation and the possibility of […]
US Dollar’s Path Tied to Inflation Outlook; Setups on EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: US dollar strengthens, outperforming US CPI data. EUR/USD, USD/JPY, GBP/USD settings After a lackluster performance earlier this month, the US dollar (DXY index) rose last week, gaining about 0.23% to 105.31. The recovery was fueled by a slight rise in U.S. Treasury yields and widespread caution among traders as they await the release […]
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 […]
US Dollar Forecast: Markets Await US GDP & Core PCE – EUR/USD, USD/JPY, GBP/USD – DailyFX
Most read: Decoding Fedspeak: How Central Bank Comments Move Markets – Gold and the US Dollar The US dollar, as measured by the DXD index, earlier rose to a multi-month high, boosted by growing evidence that the Fed may wait a little longer before tapering policy restraints. A tight labor market and persistent inflation have […]
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 […]