GBPUSD and EURUSD
Updated
Hello traders, if you have been trading for a while, you will know that these two currency pairs move in similar directions. Now I will share the knowledge again. If you forget, please go back and review. That will help you a lot
⚡️GBPUSD⚡️
⚡️As US economic data strengthens the dollar, GBP/USD trades at 1.2397, Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back.
⚡️With U.S. 10-year Treasury yields at 4.326% and a solid US economy, the BoE may be the first to blink and cut rates, pressuring GBP/USD further.
⚡️EURUSD⚡️
⚡️The EUR/USD couldn’t extend recovery motivation after getting knocked back by Lagarde.
⚡️Friday rebound facing downside pressure as US Dollar maintains strength.
Next week sees market movers on the cards with EU inflation figures, FOMC.
⚡️The EUR/USD is set to close out Friday’s trading on the back foot, testing the week’s lows near 1.0650 as the US Dollar (USD) catches a late-week bid, sending the broad dollar index higher.
⚡️Wishing everyone a successful trading week⚡️
⚡️GBPUSD⚡️
⚡️As US economic data strengthens the dollar, GBP/USD trades at 1.2397, Odds for a November rate hike by the Fed stand at 32.45%, while bets on a BoE rate hike toward 6% are scaled back.
⚡️With U.S. 10-year Treasury yields at 4.326% and a solid US economy, the BoE may be the first to blink and cut rates, pressuring GBP/USD further.
⚡️EURUSD⚡️
⚡️The EUR/USD couldn’t extend recovery motivation after getting knocked back by Lagarde.
⚡️Friday rebound facing downside pressure as US Dollar maintains strength.
Next week sees market movers on the cards with EU inflation figures, FOMC.
⚡️The EUR/USD is set to close out Friday’s trading on the back foot, testing the week’s lows near 1.0650 as the US Dollar (USD) catches a late-week bid, sending the broad dollar index higher.
⚡️Wishing everyone a successful trading week⚡️
Note
Trade active
Trade active
Note
⚡️ GBP/USD remains under pressure near a three-month low of around 1.2390 on MondayNote
⚡️The Euro loses some buying pressure against the US Dollar. Stocks in Europe kicked off the week in the red. EUR/USD remains under pressure below 1.0700.Trade active
Note
⚡️The plan is still activeNote
⚡️Traders cautious ahead of FOMC meetingTrade active
Note
⚡️The plan is still activeNote
⚡️The Fed is widely expected to keep interest rates on hold at the conclusion of a two-day meeting later on Wednesday.Note
⚡️ Ample volatility should remain in the Pound Sterling as the BoE will announce its monetary policy on Thursday.Trade active
Note
⚡️ECB’s indication of ending the policy tightening cycle exerts pressure on the EURO.Note
⚡️ EUR/USD: Potential for an upside correction over the coming monthsTrade active
Note
⚡️GBP/USD remains on the defensive and is pressured by a combination of factors. The Fed's hawkish outlook and a weaker risk tone underpin the safe-haven USD.Trade active
Note
⚡️At the end of week 38, everything was still according to planTrade active
Note
⚡️The GBP/USD tumbled on a dovish BoE on Thursday. Mixed PMIs for the US saw the USD take a step back, but Pound Sterling traders couldn't capitalize. UK Retail Sales missed the mark, keeping the GBP in a bearish stance.Note
⚡️ US PMIs kept the USD capped with a mixed print.Trade active
Note
EUR/USD oscillates in a narrow range on Monday and seems vulnerable to decline further.Note
⚡️The major traders with losses of 0.16%, as central bank divergence an interest rate differentials favor the Greenback.Note
⚡️ Both currency pairs have reached the hard support zone, the trend wants to break this zone to continue the downtrendNote
⚡️The Pound Sterling continues to sag against the Yen in the short-term, down over 2.5% from August's peakTrade active
Trade closed manually
⚡️Closing the transaction, the price broke out of the modelTrade closed: target reached
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