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GBP/USD Outlook (15 December 2021)Overall, GBP/USD is trending downwards. The UK employment data released yesterday indicated further improvement in the job market from the previous month. Average Earnings Index 3m/y (Actual: 4.9%, Forecast: 4.6%, Previous: 5.9% revised from 5.8%) Claimant Count Change (Actual: -49.8K, Forecast: -31.5K, Previous: -58.5K revised from 14.9K) Unemployment Rate (Actual: 4.2%, Forecast: 4.2%, Previous: 4.3%) The UK CPI y/y data will be released later at 1500 (GMT+8). CPI y/y (Forecast: 4.8%, Previous: 4.2%) Core CPI y/y (Forecast: 3.7%, Previous: 3.4%) Currently, GBP/USD is testing the support zone of 1.32200 and its next resistance zone is at 1.33800. If GBP/USD breaks the support zone of 1.32200, look for short-term selling opportunities up until the release of the U.S. FOMC monetary policy decision tomorrow at 0300 (GMT+8).
Short
by filatovarthur
Forex Update USD/GBP/AUD/NZD/JPY/CNYHello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose in Asia on Tuesday morning as fears about the omicron COVID-19 version began to fade. The US Dollar Index, which compares the dollar against a bundle of other currencies, fell 0.9% to 96.245. The GBP/USD exchange rate rose 0.15 % to 1.3284. Support & Resistance points : support Resistance 1) 1.3249 1) 1.3271 2) 1.3237 2) 1.3281 3) 1.3227 3) 1.3293 the AUD/USD pair went up 0.37 % to 0.7075 after the Reserve Bank of Australia maintained its interest rate at 0.10 percent earlier in the day. Support & Resistance points : support Resistance 1) 0.7086 1) 0.7102 2) 0.7076 2) 0.7108 3) 0.7070 3) 0.7118 The NZD/USD exchange rate rose 0.19 % to 0.6763. Support & Resistance points : support Resistance 1) 0.6761 1) 0.6772 2) 0.6755 2) 0.6775 3) 0.6751 3) 0.6782 The USD/JPY exchange rate rose 0.19 % to 113.68. Support & Resistance points : support Resistance 1) 113.62 1) 113.72 2) 113.58 2) 113.78 3) 113.53 3) 113.81 The USD/CNY pair fell 0.07 % to 6.3712. Chinese data released earlier in the day indicated that exports increased by 22% year on year in November, while imports increased by 31.7 % year on year. The trade deficit was $71.72 billion. Support & Resistance points : support Resistance 1) 6.3644 1) 6.3676 2) 6.3633 2) 6.3697 3) 6.3612 3) 6.3708 The Reserve Bank of Australia left rates at a record low but said Omicron was not expected to derail the economy's recovery. "Although there is still a lot of uncertainty over Omicron's health and economic impact, investors have embraced news from South Africa suggesting the exponential rise in Omicron infections has not been followed by a big wave in hospitalizations," NAB strategist Rodrigo Catril told Reuters. Early investigations in South Africa indicate that those infected experience comparatively minimal symptoms as compared to earlier viral waves. Anthony Fauci, the top infectious disease authority in the United States, also stated that it did not appear to be very serious. Meanwhile, pressure on the euro has continued as bets on US interest rates rising far ahead of those in Europe have firmed. The common currency recovered from Monday's losses to trade at $1.1291 on Tuesday. Fed funds futures have priced in more than two full rate rises in the United States next year, beginning in May. Treasury rates climbed slightly on Monday, extending the day's gains over the yield curve. Aside from Omicron, central banks are being scrutinized. The Bank of Canada meets on Wednesday, and markets anticipate that it will set the stage for rate hikes next year. The Federal Reserve, the Bank of England, the European Central Bank, and the Bank of Japan will all meet next week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
2
Forex Today: Crypto Weak After Bitcoin Flash CrashMarkets have opened with typically low-range price movements for a Monday, without showing clear direction yet. The broader trend is risk-off, with safe haven assets such as the Swiss franc and Japanese yen, while riskier assets such as the Australian and New Zealand dollars and the British pound are weak.Almost all major cryptocurrencies traded strongly lower last Friday, and then Bitcoin suffered a flash crash on Saturday, falling by more than 16% within one hour. All major cryptocurrencies have been consolidating for some hours, but look weak and prone to further falls. Natural gas has continued to fall strongly to new 3-month lows.The Turkish lira traded at an all-time low against the US dollar on Friday and looks set to retest that high today. The price is rising again now over the short term, and it looks likely to rise higher still over the coming days. However, trading the USD/TRY currency pair can be very problematic for retail Forex traders as spreads and overnight fees are extremely high, while its high volatility can also cause problems.The COT (Commitment of Traders) report show the open interest in long US dollar is at its highest level for more than 2 years, suggesting that the long-term bullish trend in the US dollar is likely to continue.The omicron coronavirus variant is still being researched and monitored, with morbidity remaining unclear. Markets remain prone to very strong risk-off movement if forthcoming news about the potency of the omicron variant is negative.The omicron variant is confirmed to be present in 40 countries. There are confirmations of community spread. Several countries (most recently Japan) have either entirely closed their borders to non-citizens, while the US and the EU and other countries have imposed a ban on travel from South Africa and other African nations.Friday’s US Non-Farm Payrolls data showed that the US created a net new 210k jobs, much lower than the 553k which had been the consensus forecast. The unemployment rate fell from 4.5% to 4.2%, a historically relatively low level, showing a tight labor market. The data seemed to have no real effect on the market.Last week saw the seventh consecutive global weekly rise in new confirmed coronavirus cases after two months in which cases fell steadily.It is estimated that 55% of the world’s population has received at least one dose of a coronavirus vaccination.Total confirmed new coronavirus cases worldwide stand at over 266.1 million with an average case fatality rate of 1.98%.The rate of new coronavirus infections appears to now be increasing most quickly in Andorra, Belgium, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Hungary, Italy, Jordan, Lebanon, Luxembourg, Mali, Malta, Netherlands, Norway, Portugal, Poland, San Marino, Slovakia, Sweden, South Africa, Spain, Switzerland, Trinidad, the UK, and the USA.
COINBASE:BTCUSD
by SmoothJB