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As pressure for interest rate hikes in Japan intensifies, the yen has strengthened, causing a decline in the dollar. However, the dollar has managed to rebound amid expectations that the ECB will cut rates further in September. Meanwhile, the Fed has entered a blackout period ahead of the FOMC meeting, where it is expected to hold rates steady. The market is closely watching what stance the Fed will take on a potential rate cut in September. If the Fed maintains a dovish stance as before, it could lead to a medium- to long-term downward trend for the dollar.
In the UK, the inflation target has been met, increasing the likelihood of a rate cut in August. However, there are voices within the BOE suggesting that more time is needed, so there is still significant uncertainty.
- On July 25, the U.S. Q2 GDP (QoQ) will be released.
- On July 26, the U.S. June Personal Consumption Expenditures Price Index will be announced.
- On July 30, the German July Consumer Price Index will be released.
- The regular FOMC meeting will be held from July 30 to July 31.
- The Bank of England's interest rate decision is on August 1.
The GBPUSD broke through the 1.28500 line and rose to the 1.30500 line, but downward pressure has increased again. The key point now is whether it can hold above the 1.28500 line and rise again. If it successfully rebounds from the 1.28500 line, the uptrend is expected to continue to the 1.32000 line.
To summarize the expected movement, we anticipate support at the 1.28500 line with a potential rise to the 1.32000 line.
However, if market direction changes due to factors such as the U.S. Personal Consumption Expenditures Price Index, FOMC, and the Bank of England's rate decision, we will quickly adjust our strategy.
Please share your personal opinions in the comments. Don't forget to like and subscribe.
As pressure for interest rate hikes in Japan intensifies, the yen has strengthened, causing a decline in the dollar. However, the dollar has managed to rebound amid expectations that the ECB will cut rates further in September. Meanwhile, the Fed has entered a blackout period ahead of the FOMC meeting, where it is expected to hold rates steady. The market is closely watching what stance the Fed will take on a potential rate cut in September. If the Fed maintains a dovish stance as before, it could lead to a medium- to long-term downward trend for the dollar.
In the UK, the inflation target has been met, increasing the likelihood of a rate cut in August. However, there are voices within the BOE suggesting that more time is needed, so there is still significant uncertainty.
- On July 25, the U.S. Q2 GDP (QoQ) will be released.
- On July 26, the U.S. June Personal Consumption Expenditures Price Index will be announced.
- On July 30, the German July Consumer Price Index will be released.
- The regular FOMC meeting will be held from July 30 to July 31.
- The Bank of England's interest rate decision is on August 1.
The GBPUSD broke through the 1.28500 line and rose to the 1.30500 line, but downward pressure has increased again. The key point now is whether it can hold above the 1.28500 line and rise again. If it successfully rebounds from the 1.28500 line, the uptrend is expected to continue to the 1.32000 line.
To summarize the expected movement, we anticipate support at the 1.28500 line with a potential rise to the 1.32000 line.
However, if market direction changes due to factors such as the U.S. Personal Consumption Expenditures Price Index, FOMC, and the Bank of England's rate decision, we will quickly 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.