August 26, 2024 at 11:23PM In this video, I take a look at the three of the major currency pairs from a technical perspective. the: EURUSD USDJPY, and GBPUSD On Monday, the EURUSD moved lower and in doing so, is moving closer to its rising 100-hour moving average currently at…
August 26, 2024 at 05:08PM Goldman Sachs sees potential for further gains in the British Pound, maintaining a long GBP/CHF position with a target of 1.16, driven by both positive global risk sentiment and strong domestic data. Key Points: Pound Recovery: The GBP has quickly rebounded from early August losses,…
August 23, 2024 at 09:55AM The pound has quietly been an outperformer among the major currencies in trading this year. Amid a more resilient economy and stickier inflation, the BOE has seen their rate cut plans pushed back. And that has helped to underpin the currency as most other major…
August 22, 2024 at 01:19AM Goldman Sachs taregt 1.16 iin GBP/CHF, with a stop at 1.10 Most importantly in our view, the SNB has reported that it intervened to the tune of CHF 0.3bn in Q1. We find that notable because it demonstrates the SNB’s fairly active currency policy, and…
August 21, 2024 at 09:40AM Fundamental Overview The USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback. In fact, the appreciation of the GBP has been mostly driven…
August 16, 2024 at 08:46PM HSBC analyzes the factors behind GBP’s strong performance in 2024 and discusses the potential challenges ahead. While the currency has been resilient due to its high carry, HSBC warns that the outlook may not remain as favorable, especially with expected further rate cuts by the…
August 16, 2024 at 11:22AM Fundamental Overview Yesterday, we got two strong US data releases as the Jobless Claims and Retail Sales figures came out much better than expected. The initial reaction was US Dollar bullish, but after a while the market started to fade the move. The reason is…
August 14, 2024 at 10:29AM Fundamental Overview Yesterday, the US PPI report missed expectations by a big margin triggering a selloff in the US Dollar as the market started to position into a potentially soft US CPI release today. The UK CPI this morning missed estimates across the board as…
August 13, 2024 at 07:31PM The NZDUSD is on a run. Today, the price moved above and away from the 200 bar MA on the 4-hour chart at 0.6020. It moved above the 100 day MA and the 61.8% retracement at 0.6036 area, and more recently, a swing level going…
August 13, 2024 at 05:17PM In the kickstart video earlier today, the 38.2% and the falling 100 bar MA on the 4-hour chart was holding resistance at 1.2810. Getting above that level and the 200 bar MA at 1.2819 would open the door, and that is what happened. The move…
