gbpusd

  1. 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...
  2. 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...
  3. 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...
  4. 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...
  5. 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...
  6. 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...
  7. 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...
  8. 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...
  9. syamfx2020

    DAILY MARKET REPORT - Thursday, Sep 10, 2020

    Today’s session in Europe will see most its attention turns toward important ECB Monetary Policy Statement which is set to be released at 11:45 GMT. Along with this release will see the ECB president Christine Lagarde Conference 45-minutes after at 12:30. The ECB kept its main refinancing rate...
  10. syamfx2020

    DAILY MARKET REPORT - Wednesday, Sep 09, 2020

    On Tuesday, crude oil prices ended at their lowest since June and Brent closed at $39.78 per barrel, while WTI futures ended at $36.76 per barrel. Oil slipped amid fears that rising COVID-19 cases and fears OPEC will begin picking up production soon after an output cut put in place to support...
  11. syamfx2020

    DAILY MARKET REPORT - Tuesday, Sep 08, 2020

    British pound trading at fresh monthly low ahead of Tuesday’s talks between UK Prime Minister Boris Johnson’s chief negotiator, David Frost, and the EU’s Michel Barnier in London. “We need to see more realism from the EU about our status as an independent country”, “If they can’t do that in the...
  12. syamfx2020

    Key technical levels to watch this week

    Dollar Index Support: 92.55 and 92 Resistance: 93.55 and 94. EURUSD Support: 1.1770 and 1.1700 Resistance: 1.1880 and 1.1940. GBPUSD Support: 1.3100 and 1.3040 Resistance: 1.3260 and 1.3320 GOLD Support: 1920 and 1900 Resistance: 1955 and 1980
  13. syamfx2020

    Key technical levels to watch today ahead of US Federal Reserve Chair Jerome Powell speech– 13.10 GMT

    EUR/USD Support: 1.1770 and 1.1740 Resistance: 1.1880 and 1.1915 GOLD Support: 1926 and 1910 Resistance: 1960 and 1980 GBP/USD Support: 1.3140 and 1.31 Resistance: 1.3230 and 1.3270
  14. syamfx2020

    Key technical levels to watch 24/08/2020 – 28/08/2020

    The king Dollar appreciated last week after the 8-week losing streak. Key technical levels to watch this week Dollar index Support: 92.50 and 92 Resistance: 93.50 and 94 EUR/USD Support:1.1730 and 1.1695 Resistance:1.1880 and 1.1930 GBP/USD Support: 1.3050 and 1.2980 Resistance: 1.3180 and...
  15. syamfx2020

    DAILY MARKET REPORT - Friday, Aug 21, 2020

    On Friday, the latest data showed the Eurozone manufacturing and German services PMI activity growth dropped in August. Meantime, German manufacturing production showed strong improvement. Germany announced on Thursday 1,707 new COVID cases over the previous 24 hours, the highest number since...
  16. syamfx2020

    DAILY MARKET REPORT - Monday, Aug 17, 2020

    Crude oil price trading steady on Monday ahead of OPEC meeting later this week. The Joint Ministerial Monitoring Committee (JMCC), which is co-chaired by Saudi Arabia and Russia, is set to meet on Aug. 19 to assess compliance with quotas and recommend any adjustments to the cuts if needed. In...
  17. syamfx2020

    Key levels to watch ahead of US retail sales

    Important trading levels to watch ahead of US retail sales and industrial data: GOLD Support: $1940 and $1920 Resistance: $1960 and $1980 EURUSD Support: 1.1770 and 1.1710 Resistance: 1.1860 and 1.1915 GBPUSD Support: 1.3040 and 1.3000 Resistance: 1.3100 and 1.3130 AUDUSD Support: 0.7110 and...
  18. syamfx2020

    DAILY MARKET REPORT - Thursday, Aug 13, 2020

    On Wednesday, data released by the Office for National Statistics showed Britain's economy shrank by a record 20.4% between April and June, the biggest contraction reported by any major economy so far, while it was better than the expected 20.5% decline. The British pound slightly recovered from...
  19. syamfx2020

    DAILY MARKET REPORT - Friday, July 17, 2020

    This week several countries released their latest positive inflation numbers. The first CPI numbers published by the U.S. Labor Department on Tuesday, the consumer price index rose 0.6% last month, the biggest gain since August 2012, after easing 0.1% in May. On Wednesday, the National...
  20. syamfx2020

    DAILY MARKET REPORT - Tuesday, July 14, 2020 - UK GDP slightly rebounded by 1.8% in May

    UK GDP slightly rebounded by just 1.8% in May from a record plunge 20.4% in April as lockdown measures eased. Meantime, both manufacturing and industrial production numbers for May showed a decent rebound, with recoveries to 8.4% and 6% respectively. UK Chancellor Rishi Sunak said: "Today’s...
Top