gbpusd

  1. syamfx2020

    EURGBP time for a short term pullback?

    The pair plunged to a fresh year low of 0.8640. If the price won't break below 0.8600 we may see a pullback to 0.8690 then 0.8720. On the other side break below 0.8630, the next level to watch 0.8600/0.8580.
  2. syamfx2020

    DAILY MARKET REPORT - Thursday, Feb 18, 2021

    On Wednesday, the U.S. Commerce Department released the latest retail sales data. The data showed the retail sales for January increased stronger than anticipated, with a sharp gain of 5.9% against expectations of 1.1%. EQUITIES Wall Street ended higher on Wednesday boosted by...
  3. syamfx2020

    DAILY MARKET REPORT - Tuesday, Feb 16, 2021

    The UK has given the first dose of coronavirus vaccine to almost a quarter of the population, the Britain Government data showed the total receiving first vaccines doses was 15 million. Britain has reported over 117,000 virus-related deaths, the highest pandemic toll in Europe. Meanwhile, UK...
  4. syamfx2020

    GBPUSD key levels to watch this week

    The GBPUSD enjoying the upside rally. The price crossed 1.3900 resistance level on Monday European session. The next upside levels to watch 1.3920/40 and 1.3990. On the flip side, the first immediate support can be found in 1.3860/30 and then 1.3770.
  5. syamfx2020

    DAILY MARKET REPORT - Thursday, Feb 04, 2021

    Today, all eyes will be on the BOE interest rate decision, alongside the release of the Monetary Policy Committee meeting minutes and the quarterly Monetary Policy Report. The market participants expect the central bank to keep its interest rate unchanged near zero. Meanwhile, on January, the...
  6. syamfx2020

    key technical levels to watch this week

    EURUSD Support: 1.2120 and 1.2070 Resistance: 1.2210 and 1.2240/80 GOLD Support: $1838 and $1814/00 Resistance: $1875 and $1900 GBPUSD Support: 1.3640/20 and 1.3580 Resistance:1.3750 and 1.3800 Dollar Support: 89.90 and 89.60 Resistance: 90.45 and 90.90 Read more-...
  7. syamfx2020

    key technical levels to watch this week

    EURUSD Support: 1.2050 and 1.20/1.1980 Resistance: 1.2130 and 1.2180/1.2230 GOLD Support: $1816 and $1800/$1790 Resistance: $1856 and $1870 GBPUSD Support: 1.3510 and 1.3470/1.3430 Resistance: 1.3580 and 1.3630
  8. syamfx2020

    key technical levels to watch this week

    EURUSD Support: 1.2200 and 1.2150 Resistance: 1.2310 and 1.2340 GOLD Support: 1910 and 1882 Resistance: 1946 and 1966 GBPUSD Support: 1.3620 and 1.3530 Resistance: 1.3700 and 1.3760
  9. V

    Trade deal between EU and UK and its impact on GBPUSD

    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...
  10. syamfx2020

    DAILY MARKET REPORT - Wed, Dec 09, 2020

    The UK started vaccinating its population against coronavirus on Tuesday, becoming the first country to start distributing the Pfizer-BioNTech vaccine after regulators approved its use last week. Tuesday was declared “V-Day” as the United Kingdom launched its COVID-19 vaccination program. The...
  11. syamfx2020

    DAILY MARKET REPORT - Monday, Dec 07, 2020

    The British pound plunged on Monday after EU chief negotiator Michel Barnier told national envoys in Brussels that he was “rather downbeat as to the prospects of agreement” while Irish Prime Minister Micheal Martin said on Sunday the chances of a deal were just 50-50. On the other hand, the Sun...
  12. syamfx2020

    DAILY MARKET REPORT - Thursday, Dec 03, 2020

    The British pound drops sharply against the EURO and the Australian dollar. Meanwhile, the Pound recovered from the early session losses against the US dollar. Overall, the momentum remains bearish throughout this week due to the post - Brexit uncertainty. On the other hand, UK shares surged for...
  13. syamfx2020

    DAILY MARKET REPORT - Monday, Nov 23, 2020

    The British pound climbed to fresh month high following the positive comments from UK finance minister Rishi Sunak. He said that a Brexit deal was still possible, and he also pledged to refrain from austerity measures in the next budget. Meanwhile, the U.K. signed an interim trade deal with...
  14. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 15, 2020

    The British pound trading volatile ahead of the European Union summit on Thursday as investors waiting for further updates about the future of negotiations between the European Union and Britain. While the UK government hinted at its willingness to extend the Brexit negotiations beyond the...
  15. syamfx2020

    DAILY MARKET REPORT - Thursday, Oct 01, 2020

    The British pound plunged more than 100 pips during the European session after the EU and the UK failed to close differences in the latest round of trade talks. On the other hand, UK Manufacturing PMI reported 54.1 for the last month, slightly lower than expected. EQUITIES Wall Street ended...
  16. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 22, 2020

    The British pound slipped to near 2-months low on Tuesday after Bank of England Governor Bailey warned that the recent rise in COVID-19 cases "reinforced the downside risks" facing the UK economy. On the other hand, England's chief medical officer Whitty has warned the rate of COVID-19...
  17. syamfx2020

    DAILY MARKET REPORT - Friday, Sep 18, 2020

    UK retail sales rose by 0.8% in August, according to the Office for National Statistics (ONS) and Sales from online channels moved 2.5% lower against July’s data but were still 46.8% higher than pre-pandemic levels. Meanwhile, U.S. retail sales rose only 0.6% in August following July’s revised...
  18. syamfx2020

    DAILY MARKET REPORT - Thursday, Sep 17, 2020

    The British pound trading slightly lower on Thursday ahead of Bank of England monetary policy decision later today. The market participants expect the BoE to leave its interest rate unchanged as the bank is in a ‘wait-and-see’ mode. It is also projected to maintain the bond-buying scheme at £745...
  19. syamfx2020

    Markets eye 3 big central banks meeting this week

    This week is expected to be a remarkably busy one, the main attractions going to the Federal Reserve, Bank of Japan and Bank of England will hold their policy meeting later this week. U.S FOMC MEETING – SEPTEMBER 15-16, 2020 The Federal Reserve of the United States is the most important...
  20. syamfx2020

    DAILY MARKET REPORT - Friday, Sep 11, 2020

    UK Gross domestic product expanded 6.6% in July from June; the data published by the Office for National Statistics showed Friday. While the numbers came in slightly lower than the 6.7% expected by analysts, and significantly lower than the 8.7% growth seen in June. On the other hand, Industrial...
Top