
The G20 summit took place in Bali, Indonesia, on November 2022…
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.
77.93% 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
Investors are confused as both negative and positive factors weigh on GBP. Which side will win?
Let’s get it sorted out. We can notice on the GBP/USD chart that the price is stuck near 1.24. Most traders can’t choose the team: bears or bulls.
On the bearish side, the Bank of England boosted the bond-buying program by only 100 billion pounds – much less than everybody expected. Most economists criticized it as the country hasn’t yet recovered and needs more support. Also, concerns about the second coronavirus wave weigh a lot on the sentiment-sensitive pound. New cases in Beijing, Texas and Florida have just fueled that worries.
On the bullish side, actual UK retail sales turned out better than the forecasts. Sales rose by 12% – twice more than analysts anticipated. That basically means that the British economy has started recovering. That is great, but most investors shrugged off that news.
The UK manufacturing PMI will be released on June 23 at 11:30 MT time. If numbers come better than expected, the British pound will gain.
Brexit trade talks will have a huge impact on GBP. There are optimistic prospects that the EU and the UK can reach a deal even before the agreed deadline, that is scheduled for the end of this year. The UK Prime Minister Boris Johnson really wants to end talks as soon as possible. GBP will definitely benefit, if this happens.
The GBP/USD pair has just broken the support line at the 50-day moving average at 1.2400. That gave a fresh stimulus to sellers. We can assume that the price may fall to 1.2300, when it will meet the barrier. The next strong support will be at the one-month low at 1.2100. Keep an eye on the resistance at 1.2500. The move above it will push the price upward to 1.2680.
The G20 summit took place in Bali, Indonesia, on November 2022…
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.
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