GBP/USD hovering between 1.3500-1.3550 levels post-hakwish Fed minutes

GBP/USD Forecast: Bearish pressure could increase below 1.3480

GBP/USD has reversed its direction after rising to its highest level in nearly two months at 1.3600 late Wednesday as the dollar’s market valuation continues to impact the pair’s action. Although the pound seems to have steadied around 1.3500 in the early European session, additional losses could be witnessed in case it drops below 1.3480. The minutes of the FOMC’s December meeting minutes revealed that policymakers saw it appropriate for the Fed to start the balance sheet normalization process soon after the first rate hike. The publication showed that participants see the current economic conditions warranting a faster pace of balance sheet runoff compared to the previous normalization episode. Read more…

GBP/USD hovering between 1.3500-1.3550 levels post-hakwish Fed minutes as traders await Friday’s US jobs report

GBP/USD continues to trade on the back foot on Thursday as the US session gets underway, despite a weaker than expected US December ISM Services PMI survey, having failed to recover back to the north of the 1.3550 mark earlier. At current levels in the 1.3520s, the pair is trading lower by about 0.2% or 30 pips on the day, and about 0.5% below Wednesday’s pre-hawkish Fed minutes highs at 1.3600. Some FX strategists are surprised that the dollar hasn’t strengthened more in wake of the latest Fed minutes, having been surprised by the apparent appetite amongst FOMC members for a faster pace of tightening (using rate hikes and quantitative tightening). Read more…



Today last price1.3534

Today Daily Change-0.0016

Today Daily Change %-0.12

Today daily open1.355


Daily SMA201.3368

Daily SMA501.3406

Daily SMA1001.3558

Daily SMA2001.3743


Previous Daily High1.3599

Previous Daily Low1.3523

Previous Weekly High1.355

Previous Weekly Low1.3393

Previous Monthly High1.355

Previous Monthly Low1.3161

Daily Fibonacci 38.2%1.357

Daily Fibonacci 61.8%1.3552

Daily Pivot Point S11.3515

Daily Pivot Point S21.3481

Daily Pivot Point S31.3439

Daily Pivot Point R11.3591

Daily Pivot Point R21.3633

Daily Pivot Point R31.3667


GBP/USD soars on hopes of a more hawkish BOE

The GBPUSD pair continued its bullish breakout as demand for the sterling continued rising. It is trading at a multi-month high of 1.3570, which is above the 25-day moving average. It is also above the ascending trendline shown in red. Also, its oscillators have continued rising. Therefore, the pair will likely keep rising as investors target the key resistance at 1.3600. Read more…

Source link

Copyright © 2022 Billionaire Club Co LLC. All rights reserved

Loading the chat ...