GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
Tag - gbp
Chinese HK50 turned up, the USD is supported by strong retail sales figures, gold will try to consolidate after a decline, and oil needs correction.
We have outlooked several promising Forex pairs and the result can surprise you!
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Weaker recoveries were seen in both the UK manufacturing and service sectors, with the latter recording the greatest loss of momentum since July.
The US Inflation Rate is the most awaited event of the week! How will markets react? Watch the video to get fresh trade ideas on EUR/USD, GBP/USD, and Gold!
The key events for the stock and the currency markets are in one video!
GBP/USD is currently trading within a new selling zone on both short and medium-term, which stands between 1.3915 and 1.3990 which represents its 50% and 61.8%
What will happen? The Bank of England will present a monetary policy statement on Thursday, August 4 at 14:00 MT (GMT+3)…
The risk sentiment in the market has been green, pushing the currencies against the USD, and pulling gold down…
The main event for today is the FOMC meeting, while stocks are recovering after yesterday's plunge.
Moderna rocketed after an announcement that the vaccine maker is going to join the S&P 500 index. The New Zealand dollar surged after the nation’s inflation surpassed the central bank’s target level, moving New Zealand closer to an interest-rate increase. NZD/USD rocketed!