November 20, 2024 at 03:53AM This is via the folks at eFX. ** Synopsis: Barclays remains optimistic on GBP, forecasting a rise in GBP/USD to 1.30 and a decline in EUR/GBP to 0.80 over the coming quarters. The outlook is supported by structural improvements, fiscal expansion, and relative resilience to…
November 19, 2024 at 02:52PM Price action is volatile but contained in the three major currency pairs as a markets digest geopolitical risks: EURUSD: The EURUSD is trading between support near 1.05158 and resistance near 1.0610. The price is trading near 1.0585 as buyers and sellers panel between the extremes.…
November 19, 2024 at 11:27AM Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is…
November 18, 2024 at 11:03PM Bank of America pm Sterling, looking for gains in 2025. BoA cite UK unlikely to be the focal point of Trump’s trade tariff plans UK reliance on its service sector will also offer some protection against any tariffs direction of travel in Brexit is less…
November 18, 2024 at 06:59PM The GBPUSD is trading higher in is a poaching a key resistance and its 100-hour moving average at 1.2681. Also near that level is the high of a swing area between 1.2654 and 1.26858. Get above that level would be needed for the buyers to…
November 15, 2024 at 10:43AM Fundamental Overview The US Dollar yesterday weakened across the board despite a higher than expected US Core PPI and Fed Chair Powell acknowledging the need to proceed more carefully with rate cuts from here on. This might be a signal that the market could be…
November 14, 2024 at 01:54AM 2100 GMT / 1600 US Eastern time on Thursday, November 14, 2024: Bank of England Governor Andrew Bailey will deliver a speech at the Annual Financial and Professional Services Dinner, Mansion House We last heard from Bailey a week ago: BOE governor Bailey: I will…
November 13, 2024 at 07:38PM The GBP/USD has declined in trading today, breaking below the 61.8% retracement level of the move up from the April 2024 low, which sits at 1.2732. Yesterday, the price briefly dipped below this key retracement level before rebounding back upward. However, today’s session has seen…
November 12, 2024 at 04:46PM The USD is moving higher. The EURUSD is against the 2024 low at 1.0600. The USDJPY is trading to new highs and has entered into a swing area between 154.54 in 155.09. The high price last week reached 154.704 and is the next upside target.…
November 12, 2024 at 02:07PM In the kickstart video, I take a look at the 3 major currency pairs: EUR/USD Summary The EUR/USD continued its downward trend due to concerns over slower economic growth and increased tariffs under President-elect Trump. Key Points: Initially rose in the Asian session, but sellers…
