On Wednesday, the US dollar weakened in anticipation of the US CPI data, which could influence market exposure. A Bloomberg survey predicts a year-on-year read of 5.0% to the end of April. Market sentiment is affected by the US debt ceiling and issues with regional banks. While the major APAC equity indices are...
Important day for GBP/USD
2019-11-11 • Updated
SELL 1.3130; TP1 1.3080; TP2 1.3020; SL 1.3145
BUY 1.3235; TP1 1.33; TP2 1.34; SL 1.3215
There can be no doubt that a spike in volatility awaits the British pound today: the UK parliament will vote on Brexit.
GBP/USD has made big progress last week. The weekly pivot point lies at 1.3080: buyers will dominate as long as the pair’s trading above that point. However, on W1 the pound has reached resistance of the declining 50-week MA at 1.3220. On H4 and D1 we see that the price went rather far away from the moving averages. All of these points at the significant risk of a correction. The decline below 1.3135 will open the way down to 1.3080 and probably even 1.3015. Only above 1.3230 we will target 1.33 and 1.3425.
I know we've had quite an amazing run these past few month, with over 78% accuracy in our trade ideas and sentiments, and thousands of pips in profits monthly...
On Friday 10th February 2023, the Office for National Statistics published the figures for the Gross Domestic Product (GDP) as 0.1% which turned out greater than the initial forecast of -0.2%. As a result of the positive outlook of this report, we need to examine the short-term impact on GBP pairs from a technical point of view.
Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.