GBP/USD Is Ready for Reverse Up
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
USD, gold, HK50 & S&P 500 / Trade ideas for September 17
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.
Strong US Retail Sales Pressed Gold
The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.
Pound Sterling’s Foggy Future
Weaker recoveries were seen in both the UK manufacturing and service sectors, with the latter recording the greatest loss of momentum since July.
Get ready to Jackson Hole / EUR/USD, oil, gold on Aug 23-27
The meeting of the Federal Reserve in Jackson Hole will define the trend for the USD. Brent oil is back above $65 but for how long?
US Dollar Takes Breath, UK Showed Poor Sales
The US dollar takes a breath after a long rally. Its recent jump was caused by the Fed’s Meeting Minutes. What else drives the market?
British pound looks for direction after a neutral BOE decision
Ichimoku Kinko Hyo GBP/JPY: The pair is trading above the cloud…
Gold and Bitcoin Rise, Fed is Eyed
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
DJ futures fell more than 200 points but recovered some of the losses
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading below the Kumo…
EUR, USD, GBP: all attention to PMI reports
PMI reports from the EU, the UK, and the USA will be released during the day!
Moderna Joins S&P, NZD Surged on Inflation Data
Moderna rocketed after an announcement that it 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.
Risk mood keeps slightly firmer to start the US session
Ichimoku Kinko Hyo CAD/JPY: The pair is trading above the cloud…