AUDUSDDXY Remember gang, some people can be long and make money, at the same time others can be short, and make money... you don't have to pick a side of the fence and hate on everyone with a differing opinion when you have no idea what their targets are or how they're playing the market.
After all, what do you have to gain being like that? Nothing.
GBPUSD Observed +350 PIPS with a Mixed Market Sentiment! SWING is still ON!
What's the next 1 Hour bringing us ?
The Retail Sales MoM (Month-over-Month) report is a significant economic indicator for the GBP (British Pound).
Here’s how it can impact GBP/USD:
1️⃣ Market Expectations vs. Actual Data
> If the actual retail sales figure is higher than the forecast (0.3%), it suggests strong consumer spending, which is bullish for GBP and can lead to GBP/USD rising.
A better-than-expected release can lead to GBP/USD buying pressure, pushing it higher.
> If the actual figure is lower than expected or negative, it signals weak consumer spending, which is bearish for GBP and can cause GBP/USD to fall.
A worse-than-expected release can lead to GBP/USD selling pressure, pushing it lower.
Thought time!
- GBP/USD is currently in an uptrend, but the UK Retail Sales data will dictate the next move. - A stronger-than-expected retail sales figure → bullish continuation. - A weaker-than-expected figure → potential reversal. - Key levels to watch: Resistance at 1.2680–1.2700, support at 1.2620–1.2600