Hello, dear subscribers!
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The Federal Reserve kept its benchmark interest rate unchanged while lowering this year’s growth forecast from 2.1% to 1.7%. The FOMC’s dot plot suggests an additional 50bps rate cut in total for the year.
- Fed Chair Jerome Powell stated that the impact of tariffs on inflation would be temporary. While the likelihood of a recession has slightly increased, he does not see it as highly probable.
- U.S. President Donald Trump mentioned that he had a very good call with Ukrainian President Volodymyr Zelensky and stated that Russia-Ukraine ceasefire negotiations are progressing smoothly.
- In Turkey, Istanbul Mayor Ekrem İmamoğlu, a key rival to President Erdoğan, was arrested on charges of corruption and supporting terrorist organizations, raising concerns about Erdoğan’s prolonged rule.
Key Economic Events This Week
+ March 20 – Bank of England Interest Rate Decision
GBPUSD Chart Analysis
After breaking above the 1.27000 level, GBPUSD has shown a sharp uptrend and is currently forming around the 1.30000 level. While the upward momentum has slightly slowed, this appears to be due to entering a resistance zone. Further gains could extend to 1.31000, where a new direction will be determined. If the price faces resistance at this level, a pullback to 1.28000 is expected. On the other hand, if the resistance is broken, the pair could rally toward 1.35000.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The Federal Reserve kept its benchmark interest rate unchanged while lowering this year’s growth forecast from 2.1% to 1.7%. The FOMC’s dot plot suggests an additional 50bps rate cut in total for the year.
- Fed Chair Jerome Powell stated that the impact of tariffs on inflation would be temporary. While the likelihood of a recession has slightly increased, he does not see it as highly probable.
- U.S. President Donald Trump mentioned that he had a very good call with Ukrainian President Volodymyr Zelensky and stated that Russia-Ukraine ceasefire negotiations are progressing smoothly.
- In Turkey, Istanbul Mayor Ekrem İmamoğlu, a key rival to President Erdoğan, was arrested on charges of corruption and supporting terrorist organizations, raising concerns about Erdoğan’s prolonged rule.
Key Economic Events This Week
+ March 20 – Bank of England Interest Rate Decision
GBPUSD Chart Analysis
After breaking above the 1.27000 level, GBPUSD has shown a sharp uptrend and is currently forming around the 1.30000 level. While the upward momentum has slightly slowed, this appears to be due to entering a resistance zone. Further gains could extend to 1.31000, where a new direction will be determined. If the price faces resistance at this level, a pullback to 1.28000 is expected. On the other hand, if the resistance is broken, the pair could rally toward 1.35000.
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.