The U.S. currency pushed higher Thursday after the return of traders following a holiday in the United States.
The U.S. economic data slate includes initial jobless claims figures and housing starts data later in the session, as investors look for more clues towards when the Federal Reserve will start cutting interest rates.
A series of Fed officials have expressed caution about expecting rate cuts too soon, seeking more evidence that inflation has been tamed before the central bank would agree to easing monetary policy.
The fibonacci shows that shows that that the GBPUSD might remain negative below 0.786 and even push further down if it crosses 0.618. The flag continuation pattern shows that the sellers are in control for the moment.
The U.S. economic data slate includes initial jobless claims figures and housing starts data later in the session, as investors look for more clues towards when the Federal Reserve will start cutting interest rates.
A series of Fed officials have expressed caution about expecting rate cuts too soon, seeking more evidence that inflation has been tamed before the central bank would agree to easing monetary policy.
The fibonacci shows that shows that that the GBPUSD might remain negative below 0.786 and even push further down if it crosses 0.618. The flag continuation pattern shows that the sellers are in control for the moment.
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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.