
The stock market has reversed, and now it’s going lower and lower…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76.5% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
The Bank of England will present a monetary policy statement on Thursday, August 4 at 14:00 MT (GMT+3).
Experts and analysts are confident about the future of UK monetary policy. The market expects the Bank's Monetary Policy Committee (MPC) to vote unanimously to keep the bank rate at 0.10% and the target stock of asset purchases at £895BN.
At the same time, there are several opinions about UK’s currency reaction to the statement. The community is concerned about domestic and global Covid trends which will also determine the direction of the UK currency. The absence of consensus amongst analysts as to how the pound will react might be a signal of an upcoming high volatility period.
The number of new COVID-19 cases was decreasing over the past week. The average of daily new cases dropped to 424 from 702 on July 21. This fact can make consumers and businesses feel positive about the economy’s recovery and rejuvenate that strong economic growth seen earlier in the second quarter.
GBP/USD 4H chart
GBP/USD Daily chart
At the moment, the price is trying to break through the crosspoint of 50 and 100-day moving average. If it breaks through, the target will be $1.42. Otherwise, it might cross $1.3855 support and drop down to $1.373, which is the 200-daily moving average.
EUR/GBP 4H chart
At the moment, the price is trying to break the 50-period moving average. If it does and sticks under the line, the target will be 0.8507. Otherwise, it will turn around and move towards 0.8543 (23.6 Fibonacci), 0.8554 (the 100-period moving average), and 0.8565 (the crosspoint of the 200-period moving average and 38.2 Fibonacci) support lines.
The stock market has reversed, and now it’s going lower and lower…
Whenever inflation exceeds 4% and unemployment falls below 5%, the US economy enters a recession in two years.
Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite rising prices.
The US dollar index rose to 105.40 after the Fed’s 75-basis-point key rate hike, while the stock and the crypto markets fell. However, during the past few days, investors and traders returned to risk assets as they expect inflation growth to slow. Moreover, Jerome Powell, the head of the Federal Reserve, announced the Fed might start cutting the key rate by 2024, which is the most evident hint of an upcoming market reversal.
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Last week was shocking! The US dollar gained more than 2% against other currencies ahead of the 75-basis points rate hike by the Federal Reserve on Wednesday but dropped after the announcement…
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later