US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/JPY
US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast The US Dollar sell-off has continued through the first two weeks of 2023 trade. While the USD grasped onto support at 103.45 coming into the year, sellers have continued to push. The heavy drive for the bearish trend re-appeared on the Friday […]
British Pound Latest – GBP/USD Pushes Higher on UK Jobs Data
GBP/USD – Prices, Charts, and Analysis UK wages are robust but inflation means consumers are worse off. Sterling picks up a bid post-release. Recommended by Nick Cawley Download our new Q1 British Pound forecast The latest UK Labour Market Report will give the Bank of England (BoE) something to ponder ahead of its February 2 […]
Morgan Stanley cuts U.S. dollar forecasts lower
The U.S. dollar is going to drop further, Morgan Stanley strategists said over the weekend as they became more optimistic about the global economy. They now see the DXY dollar index DXY, +0.20% ending the year at 98, from a previous forecast of 104. They see the euro EURUSD, -0.19% climbing to $1.15, vs. a […]
GBP/USD is subdued around 1.2200 after printing a four-week high
US Consumer Sentiment improved, while inflation expectations edged lower. UK’s GDP for the fourth quarter contracted and flashed a gloomy economic outlook. GBP/USD traders are eyeing UK CPI, Retail Sales, and US Retail Sales data. The Pound Sterling (GBP) slid slightly vs. the US Dollar (USD) Friday, following the release of the University of Michigan […]
GBPUSD: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023
2023-01-13 2023-01-13 GBPUSD: Elliott wave analysis and forecast for 13.01.2023 – 20.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1.1842 with a target of 1.2442 – 1.2674. Alternative scenario: breakout and consolidation below the level of 1.1842 will allow the pair to continue declining to the levels of 1.1677 […]
GBP/USD Gains On US Inflation, Surprise Sign of UK Growth
GBP/USD Price, Analysis, and Charts The Pound gained on the Dollar as did many other currencies Friday Relaxing US inflation has buoyed hopes that rate hikes could end soon UK Growth beat expectations, but expectations were pretty low Recommended by David Cottle How to Trade GBP/USD The British Pound rose against the US Dollar on […]
Double tops around 1.2250 tease Cable sellers ahead of key UK data
GBP/USD retreats from intraday high to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves. 200-SMA, weekly support line appears crucial challenge for bears. UK monthly GDP, output and trade numbers for November will be crucial to watch. GBP/USD prints mild losses around 1.2200 […]
US Dollar Price Action Setups post-CPI: EUR/USD, GBP/USD, USD/JPY
US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast Inflation continues to fall in the United States and this morning’s print brought the sixth consecutive month of headline CPI moving-lower, following the peak of 9.1% that showed in June of last year. The US Dollar dropped after the release, setting a […]
Positive developments for the Pound, more of this as the year unfolds– MUFG
In the view of economists at MUFG Bank, we may have reached “peak pessimism” for the UK and the Pound. Therefore, the outlook in 2023 is somewhat brighter. Positive developments emerging “Much greater political stability this year than last is one factor here and we can very likely assume that PM Sunak will bring greater […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: The US Dollar is testing another spot of support this morning at the 103 handle on DXY. EUR/USD has pushed up to a fresh seven-month-high while starting to test a big zone of resistance. USD/CAD continues to be one of the more attractive bearish USD setups while USD/JPY tests a key […]