BoE Hikes by 50bps, GBP Pounded After Dovish MPC Report
POUND STERLING TALKING POINTS GBP on offer after BoE’s 50bps rate hike. Wording in MPC report less aggressive than prior releases. Pullback on GBP/USD on the cards. Recommended by Warren Venketas Get Your Free GBP Forecast GBP FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from […]
Market Spotlight: Downside GBP Risks into BOE Today
BOE Up NextThe Bank of England meeting today will be pivotal for GBP. Concerns over the UK economy have become a prominent issue in recent months with widening industrial action, ongoing Brexit-related difficulties, covid disruptions and political instability all exerting downward pressure on GBP. The BOE’s tightening operations have added to the pressure for UK […]
The JPY is the strongest and the GBP is the weakest as the NA session begins
The strongest to the weakest of the major currency pairs As the North American session begins, the JPY is the strongest and the GBP is the weakest. The flash PMI data is Europe were generally a little better. The services PMI in the Eurozone moved back above the 50.0 level at 50.7. The services index […]
Intraday Market Analysis – GBP bounces back
GBPUSD seeks support The high beta pound edges higher on improved market sentiment. A surge above 1.2080 has prompted short-term sellers to cover their positions. This could be the signal the bulls have been waiting for after the pair drifted lower in search of support. As the RSI returns to the neutrality […]
IS IT TIME TO BOOK PROFITS IN EUR USD AND GBP USD ? – Forex Trading Analysis
Congratulations to all those following this blog and earning decent profits. In previous post some good profit making opportunities were highlighted specifically in eur usd and gbp usd. Traders buying usd jpy on dips are also in good profits. Usd chf buyers are also happy. Aud usd and Nzd usd was predicted to trade in […]
HOW TO TRADE GBP USD NOW? – Forex Trading Analysis
GBP USD After making a low around 1.20800 Gbp usd is now trading around 1.26000. Big question is that if the pair near it’s Top now or the strength will continue further? The answer according to us is that it is always hard to say if the Top or bottom in any pair is in. […]