This preview of weekly data looks at XAUUSD and GBPUSD where economic data coming up later this week are the main drivers in the markets for the near short-term outlook. The most important economic data for this week are:
Tuesday:
RBA meeting minutes at 12:30 AM GMT are anticipated by the...
The British pound has regained bullish momentum after the release of UK inflation data. The CPI data showed the UK inflation rate dropped to the lowest level the country has seen since February 2022, driven by a significant decrease in food and energy prices. The Office for National Statistics...
The British Pound and UK shares traded lower Thursday Morning ahead of the Bank of England meeting outcome. The BOE Monetary Policy Statement is set to be released at 11:00 GMT. Along with this release will see Governor Bailey's press conference 30 minutes after at 11:30. The central bank...
EURUSD set a new higher high higher close on a daily time frame again.
The price has successfully violated 1.091 - 1.093 horizontal resistance.
Now the price retraced.
I will expect the next bullish wave from a confluence zone based the underlined horizontal structure
and a major rising trend...
by FxPro’s Senior Market Analyst Alex Kuptsikevich.
GBPUSD is trading near 1.2250, losing about 3% in the last four trading sessions. Pressure on the pound intensified on Monday, releasing a disappointing set of statistics. Monthly estimates showed the economy shrinking by 0.3% for April...
The British Pound is retreating for a second day, returning below the 1.25 level, failing to build on the positive momentum at the start of the week.
The pressure appears to be driven by rising government bond yields in global markets, starting with but not limited to the US.
The intraday...
Good morning all, had people ask about adding in GBPUSD to the portfolio of pairs. So today I have taken a buy from this demand zone . Price has been bearish of late, but we have seen some buying pressure come in on this pair at this weekly demand zone where price sits. We got two 50% candles...
Title: Hunter_GBPUSD
Currency Pair: GBP/USD
Lot Size: 0.1
Timeframe: H1
Compatibility: Only MT4
Hunter EA has the following minimum deposit requirements:
– Safe mode $3000 ($300 for micro and $30 for cent accounts)
– Normal mode $2000 ($200 for micro and $20 for cent accounts)
–...
Trade Deal between EU and UK is a good news for traders. 2020 has played havoc with the capital as well as the emotions of Forex traders. GBP/USD suffered greatly. Pandemic mercilessly crushed all the hopes of the newbies in forex trading of becoming millionaires. Now the brutal year 2020 is...
Dear Sir/Mam,
I Have Raw Spread account With Exness Account No 44004082.
Last Night Mean 15th of June 2020 I Was 13 Open Trade.
EURUSD:-
Tottal Open Order: 6 Open Order (5 Sell & 1 Buy Order)
Lot Size: Sell Order Lot Size : 1.00+1.00+1.00+1.00+0.51 = 4.51
Buy...
*Breakout on descending triangle with retest completed
*Bounce off previous support
*Inverse head and shoulders completed and holding on neckline after stop loss hunt by banks
*Good trade fundamentally ahead of very negative jpy economic news/data to come out tonight and for first quarter due...
EUR/USD Setting Up for a Rotational Day, 1.1570 & 1.1630 Extremes to Exploit
VOLUMES & CORRELATIONS (H4)
The first test of a macro resistance exhibited bearish dynamics to reverse a 3-day long bounce, and while the rejection was quite commanding for the interest of sellers, buyers were lined...
My name is Ivan Delgado, Head of Market Research at Global Prime and FX Trader. Out of my unconditional alignment to the values at Global Prime, I am on a mission to pass on my decade-long knowledge by providing regular market commentary and other types of material that is applicable, actionable...
The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as the price is above the trend line, the price action from 1.3549 could be treated as...
The GBPUSD pair remains in uptrend from 1.3039, the fall from 1.3549 could be treated as consolidation of the uptrend. As long as the price is above the trend line, the uptrend could be expected to continue and next target would be at 1.3657 (Sep 20 high). Near term resistance is at 1.3549, a...
GBPUSD’s upside movement from 1.3039 extended to as high as 1.3279. Further rise to test 1.3337 key resistance is still possible in the coming days. As long as this level holds, the sideways movement in a range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from...
GBPUSD is testing 1.3229 resistance, a breakout of this level could take price to the key resistance at 1.3337. As long as this level holds, the sideways movement in the trading range between 1.3027 and 1.3337 could be treated as consolidation of the downtrend from 1.3657 (Sep 20 high), and...
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days. As long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3657, and further...
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