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Thank you all for tuning in. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe!
Key Points
- For the first time in 62 years, the French National Assembly has passed a no-confidence motion against the cabinet led by Prime Minister Michel Barnier, resulting in the cabinet's collapse.
- Federal Reserve Chair Jerome Powell expressed confidence in the economy during his speech, emphasizing a cautious approach in finding the neutral interest rate.
- The U.S. November ISM Services PMI came in at 52.1, falling short of the forecasted 55.5, while ADP private sector employment increased by 146,000, missing the expected 166,000.
- Bank of England Governor Andrew Bailey suggested that inflation is declining faster than expected, hinting at the possibility of four rate cuts next year.
Key Economic Events
December 6: U.S. November unemployment rate and nonfarm payrolls report
GBP/USD Chart Analysis
The GBP/USD, which recently dropped to the 1.25000 level, has successfully rebounded and is maintaining an upward trend. With the pair holding its recent low, a mid- to short-term rise looks highly probable, with a target of 1.30000. In the longer term, there is potential for the pair to climb to the 1.34000 level, though it's important to assess the pair's behavior at each resistance level to determine its direction.
For now, the outlook remains bullish, but we will reassess the direction at the 1.30000 level.
If the market moves contrary to expectations, we will swiftly adjust our strategy.
Thank you all for tuning in. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe!
Key Points
- For the first time in 62 years, the French National Assembly has passed a no-confidence motion against the cabinet led by Prime Minister Michel Barnier, resulting in the cabinet's collapse.
- Federal Reserve Chair Jerome Powell expressed confidence in the economy during his speech, emphasizing a cautious approach in finding the neutral interest rate.
- The U.S. November ISM Services PMI came in at 52.1, falling short of the forecasted 55.5, while ADP private sector employment increased by 146,000, missing the expected 166,000.
- Bank of England Governor Andrew Bailey suggested that inflation is declining faster than expected, hinting at the possibility of four rate cuts next year.
Key Economic Events
December 6: U.S. November unemployment rate and nonfarm payrolls report
GBP/USD Chart Analysis
The GBP/USD, which recently dropped to the 1.25000 level, has successfully rebounded and is maintaining an upward trend. With the pair holding its recent low, a mid- to short-term rise looks highly probable, with a target of 1.30000. In the longer term, there is potential for the pair to climb to the 1.34000 level, though it's important to assess the pair's behavior at each resistance level to determine its direction.
For now, the outlook remains bullish, but we will reassess the direction at the 1.30000 level.
If the market moves contrary to expectations, we will swiftly adjust our strategy.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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.