GBPUSD Trade Plans Pre US CPI, Post UK CPI
Inflation rose in the UK to 2.2%, just below the 2.3% forecast.
This has put chances of cuts in Sept up slightly, nearing 47%.
This also has not really changed the picture for the GBP (VS the USD). Likely Markets are awaiting CPI out the FED.
Any shock miss could spell a string of issues for the US economy, and the US dollar.
This has put chances of cuts in Sept up slightly, nearing 47%.
This also has not really changed the picture for the GBP (VS the USD). Likely Markets are awaiting CPI out the FED.
Any shock miss could spell a string of issues for the US economy, and the US dollar.
Note
Brace for US data.Note
Momentum strongly with GBP VS USD weakness. Would not be surprised if local highs breached and we reach 618-786.
Note
Lower TF resistance sustained - would not be surprised if price sticks and then breaks.
Note
Still no huge outlier for shorts. Would not be surprised if higher but not buying at all.
Note
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.