Sterling helped by the constructive risk environment at the start of 2023 – ING
Sterling has been performing slightly better. Without any doubt, the better risk environment is helping the GBP, economists at ING report. Better risk environment provides some insulation “The UK has quite a large country weight in global equity and debt benchmarks, meaning that flows into these products can provide some support.” “Market pricing of a […]
Next target now comes at 1.2270 – UOB
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD’s upside could retarget the 1.2270 area in the short term. Key Quotes 24-hour view: “We highlighted last Friday that ‘there is room for the weakness in GBP to extend to 1.1850 before stabilization is likely’. While GBP subsequently […]
GBP/USD rallies sharply above 1.2070 on disappointing US Services PMI
The GBP/USD soared close to 1.50% on disappointing US ISM Services data. Hawkish Fed speaking failed to weigh on the GBP/USD. Next week’s economic calendar would feature UK GDP, and US CPI reports. The Pound Sterling (GBP) extended its gains against the US Dollar (USD), surging more than 160 pips on Friday, following a disappointing […]
GBPUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 GBPUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1.1673 with a target of 1.2674 – 1.2963 once the correction is completed. Alternative scenario: breakout and consolidation below the level of 1.1673 will allow the pair to continue declining to the […]
Surfing The Waves With Gregor Horvat: GBPUSD, USDJPY, EURJPY, XAGUSD, SPX500 & More!
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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
US Dollar Talking Points: USD strength is showing up today as DXY is testing a breakout above the 105.00 level. This morning’s ADP numbers gave a boost to the Greenback but tomorrow’s NFP report may be more impactful as intense focus will be paid to the Average Hourly Earnings (AHE) component for signs of wage […]
USDJPY and GBPUSD: What Happened in 2022, What Will Happen in 2023 – Analytics & Forecasts – 5 January 2023
We talked a week ago about how economists from the world’s leading financial institutions see the future of EUR/USD in 2023. However, our reviews have included two more major pairs for many years, USD/JPY and GBP/USD. And it would be unfair to ignore them this time. Moreover, after the euro, the Japanese yen and the […]
Will ISM and FOMC Facilitate GBP/USD Breakout?
POUND STERLING TALKING POINTS UK housing statistics and railway strikes cast shadow on UK economy. FOMC and ISM data in focus. Threatening rectangle breakout on daily cable chart. Recommended by Warren Venketas GET YOUR EXCLUSIVE GBP Q1 GUIDE Get My Guide GBP FUNDAMENTAL BACKDROP The British pound garnered some support this Wednesday ahead of the […]