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Gbpusdsignal

GBPUSD: Asian forex bears strengthen as US interest rate cut hop In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD, derailing most Asian currencies since the start of the year. The odds of the Fed lowering interest rates in March have dropped significantly to 41.5%, down sharply from more than 75% just a month earlier, according to NASDAQ:CME's FedWatch Tool. This change in sentiment comes ahead of the expected initial estimate for fourth-quarter U.S. GDP, which is expected to show a 2% annual growth rate.
Short
by Chart_MasterPro
2
GBPUSD: Sterling speculators are more focused on inflation than Traders in the pound market are betting on continued inflation due to a slowdown in retail sales as the Bank of England nears its next interest rate decision. The pound has recently strengthened against the euro for four consecutive weeks, and has strengthened against all G10 currencies this year except for the stronger US dollar. Investors have increased their bullish bets on the pound for the third consecutive week. This is reflected in an increase in net long positions in the pound, suggesting that the pound is likely to appreciate against the dollar. Net long positions increased by nearly $800 million, or 48%, to $2.24 billion, the biggest selloff in four months. This is in contrast to about $2.166 billion in short positions held by speculators just two months ago. The latest economic data paints a mixed picture. Wage growth slowed, inflation rose to a surprising 4.0% in December from 3.9% the previous month, and retail sales fell sharply. These factors are contributing to expectations that the BoE may be slower to cut interest rates than the Fed or the European Central Bank (ECB). Market expectations suggest there is a roughly 50% chance that the Bank of England will cut interest rates by 25 basis points in May, with a full rate cut expected in August. By contrast, traders expect the ECB to start cutting rates as early as April, and there is almost a 50% chance that the U.S. will cut rates in March. Lee Hardman, senior currency analyst at MUFG, said the BoE needed evidence that inflation risks were easing to give it confidence to start cutting interest rates to support UK growth. Weak retail sales have slightly reduced the attractiveness of the pound, but it remains the second-best performing G10 currency at the start of the year. Compared to other currencies, the pound has appreciated 4.7% against the Japanese yen and 3% against the Australian dollar so far this year. It also rose 2.8% against the Swiss franc, and Nomura analysts expect it to rise another 3%.
Short
by Chart_MasterPro
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
GBPUSD: The dollar hit a one-month high amid interest rate cut sThe US dollar rose to a one-month high on Wednesday on shifting market expectations for interest rate cuts and weak economic data from China. The dollar index, which measures the dollar's value against a basket of currencies, rose to 103.58, its highest since December 13th. This increase follows Tuesday's 0.67% rise. The dollar's rise was fueled in part by comments from U.S. Federal Reserve official Christopher Waller. He noted that the U.S. is close to the Fed's 2% inflation target, but advised against cutting rates early until he is confident that the decline in inflation is sustainable. Following Waller's comments, the probability of a rate cut in March, as measured by CME's FedWatch tool, fell from 75% to about 60%. At the same time, yields on U.S. government bonds rose. In contrast to other currencies, the pound rose 0.1% against the dollar to $1.2646, supported by rising UK inflation data. This has fueled expectations that the Bank of England may cut interest rates more slowly than other central banks.
Short
by Chart_MasterPro
GBPUSD: Dollar slides lower after CPI data; Sterling is supporteThe dollar steadied in early European trade on Friday as investors focused on mixed U.S. consumer inflation data and the potential impact of the FBI's interest rate cut. Future Federal Reserve System. As of 4:25 p.m. ET (9:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading steady at 102.022, down from Thursday's high of 102.76 (a five-month low). Although it has fallen from a certain point of 100.61, it is still above it. U.S. consumer prices rose 0.3% in December, according to data released Thursday. The annual rate of increase was 3.4%, exceeding expectations of 0.2% and 3.2% increases, respectively. increase. However, the dollar received little support from this, as the "core" CPI, which excludes volatile food and energy prices, fell again, suggesting underlying inflation remained subdued. Federal Reserve officials have sought to downplay the possibility of early rate cuts, with Cleveland Fed President Loretta Mester saying Thursday that the latest CPI numbers indicate it may be too early for the central bank to cut rates. Major interest rate cuts in March. But most traders still expect the Fed to start cutting rates as early as March. "A rate cut in March is still priced in by more than 60%, and we still see near-term vulnerability in risk assets from this move," ING analysts said in a note. The new decision is too restrictive. ” All eyes are now on the US producer price index, which will be released in late trading, with the index expected to rise 0.1% in December, bringing the annual rate of increase to just 1.3%. In Europe, the pound/dollar pair rose 0.1% to 1.2775 after data released on Friday showed the British economy grew slightly more than expected in November. The country's GDP rose 0.3% this month, beating expectations for a 0.2% increase.
Long
by Chart_MasterPro
GBPUSD I Detailed Trading Plan & How to ExecuteWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
11
GBPUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis Same for AUDUSD and NZDUSD
Long
by Dion-FX
4
GbpUsd- Rise above 1.3? Nice 1:3.5 R:R trade spottedIn early October, FX:GBPUSD bottomed out in the 1.2 zone and entered a consolidation phase that persisted throughout the month. November marked a positive shift as the pair embarked on a robust uptrend, driving it approximately 800 pips higher. Come December, the pair transitioned into another consolidation phase, establishing a clear support base at 1.26 and a resistance ceiling around the 1.28 zone. Recent price movements indicate the potential for a breakout, hinting at a prospective rise beyond the significant psychological figure of 1.3. In the medium term, my target is set at the 1.3150 zone, aligning with the vicinity of the recent high resistance level.
Long
by Mihai_Iacob
GBPUSD | Perspective for the new week | Follow-upThe Pound Sterling (GBP) has surged against the US Dollar even in the face of all components of the United States Nonfarm Payrolls data for December surpassing expectations, indicating improved market risk appetite. However, the GBP's strong position may not last as investors anticipate tough decisions for Bank of England (BoE) policymakers, who are facing recession risks and high inflation. The UK economy is at risk of entering a technical recession, with a contraction in the third quarter and a projected stagnant performance in the final quarter. The manufacturing sector is also struggling due to high interest rates. As a result, the outlook for the GBP/USD pair has dimmed, as US employment indicators may influence the Federal Reserve's (Fed) interest rate guidance. In this video, we'll delve into the strategic positioning we're considering to navigate the uncertainties and potential shifts in the GBP/USD pair. Join the discussion as we analyze the factors shaping the currency pair's trajectory in the near term. GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.27200 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from the US docket for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.26150 and $1.28200 where a breakdown or breakdown could incite the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1
GBP/USD: Forecasting the Week Ahead GBP/USD: Forecasting the Week Ahead Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar. Given recent developments, traders shouldn't be surprised if central bank communication takes a more hawkish stance, signaling reluctance to cut interest rates despite Wall Street's anticipation of approximately 135 basis points of easing this year. Such a scenario could be favorable for yields and the US dollar. Richmond Fed President Thomas Barkin, addressing the inflation data shortly after its release, emphasized that December's inflation figures didn't provide clarity for Federal Reserve officials considering potential rate cuts this year. Next on the agenda is Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, scheduled to speak on Friday morning. Looking ahead to next week, the GBP/USD pair may attract attention with UK inflation data on Wednesday. Despite weakening on Thursday, the GBP/USD held above channel support at around 1.2675. A failure to defend this technical support level might lead to a probe towards 1.2600, with further declines potentially exposing the 200-day simple moving average. If the cable strengthens and breaks above resistance at 1.2760, favorable conditions could set the stage for an ascent toward December's highs above the 1.2826 level. Achieving this target might pave the way for a rally toward 1.3000.
by BlackBull_Markets
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders! This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed. If confirmed, I will execute this trade, taking into consideration the weakness of DXY. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST