UK annual inflation declined below double digits for the first time since August 2022, falling from 10.1% in March to 8.7% in April. While the core inflation, which excludes food and energy, jumped to 6.8%, the highest since March 1992 and above well forecasts of 6.2%. Food inflation also...
GBPUSD reversed from the fresh yearly highs of 1.2675 and retreated back to below 1.2570 ahead of the Bank of England interest rate decision. The central bank is expected to raise the bank rate by 25 basis points to 4.5% today. Interest rate decision to be announced at 12:00 GMT, with updated...
The Reserve Bank of Australia decided to leave the cash rate target unchanged at 3.6 per cent during its April meeting, after delivering a series of ten consecutive increases since last year. The Australian dollar slides following the announcement.
"The decision to hold interest rates on hold...
British retail sales rebounded rapidly in February. The Office for National Statistics has released UK retail sales for February. The data showed that retail sales in the UK unexpectedly increased by 1.2% in February, compared to forecasts of a 0.2% gain. While the same month a year earlier...
GBPUSD retreats back to below 1.2300 as investors grew more cautious about placing aggressive bids ahead of the Bank of England interest rate decision. The central bank expected to increase the Bank Rate by 25 bps, taking them to 4.25% after Wednesday's surprise jump in inflation. During this...
The British Pound was the clear outperformer in the currency space on Monday against the US dollar and other currency pairs. GBPUSD recovered back to above 1.2050 on Monday. GBPUSD traded with strong bearish sentiment in the last couple of weeks. During the previous week, the pair tested the key...
Eurozone and Germany reported mixed PMI numbers during the European session with Eurozone Manufacturing PMI contracting to 48.5 in February from 48.8 in January and German manufacturing PMI falling to 46.5 in February of 2023 from 47.3 in January. Meanwhile, services PMI from both regions...
The GBPUSD reversed back to below 1.2100 on Tuesday following the release of the latest UK inflation report as traders and investors continued to rein in their expectations for Bank of England (BoE) interest rate rises. The UK CPI data showed a further slowdown in January, the signs of cooling...
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...
Markets taking a deep breath Thursday morning and waiting for the next round of the central bank’s policy meetings. Today, Investors and traders will closely monitor the release of the European Central Bank and Bank of England monetary policy decisions, where markets are expecting the central...
The Euro to Pound exchange rate continues to move sideways ahead of monetary policy decisions by the Bank of England (BoE) and the European Central Bank (ECB) on Thursday. The central banks are expected to hike rates by 50 bps this week. However, the recent Eurozone and UK Inflation numbers have...
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...
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