About 9.5% of daily trades. Referred to as “Cable,” it’s volatile but widely traded due to the strength of the UK and U.S. economies
EUR/USD regained ground as the US dollar softened following mixed economic data, including stabilizing inflation and a cooling labor market. This eased expectations for additional Fed hikes, supporting the euro despite ongoing Eurozone economic challenges. Traders now eye key technical levels for the pair’s next move.
The US dollar has shown resilience so far in 2024, supported by strong economic data and a cautious Fed. With key inflation figures due soon, expect potential volatility as markets react to readings that will signal the pace of future monetary policy. Traders should watch closely as the dollar’s next move hinges on this crucial data.
GBP/USD remains capped below 1.3550 as markets await US inflation data for direction. With hawkish Fed expectations and cautious sterling sentiment, traders eye CPI numbers for clues on the next move. Stay tuned.
— Azeez Mustapha | FXDailyReport.com
Pound Sterling hovers near 1.35 against the US Dollar as markets await key UK inflation data. The GBP/USD pair remains range-bound amid cautious sentiment shaped by mixed economic signals, Bank of England policy expectations, and US Federal Reserve outlook. Traders will closely watch inflation figures for clues on the Pound’s next move.
GBP/USD is consolidating around 1.3540, supported by a softer US dollar and positive UK economic data. Technical indicators point to further upside potential, with key resistance near 1.3600. Monitoring BoE and Fed signals will be crucial as the pair builds a base for the next move. Analysis via FxWirePro.
The GBP/USD shows increasingly positive signs as technical indicators confirm a bullish trend, supported by stronger UK GDP data and a less aggressive stance from the Federal Reserve. Key resistance levels at 1.2700 and 1.2850 are in focus, with momentum hinting at further upside potential. Market watchers should monitor upcoming economic releases and central bank updates for direction. #Forex #GBPUSD #MarketAnalysis
GBP/USD is showing renewed strength, breaking key resistance levels and supported by positive UK data and improved market sentiment. Technical signals and positioning suggest the pound could test higher levels soon. Full analysis by Economies.com highlights bullish momentum and potential scenarios ahead. #Forex #GBPUSD
GBP/USD is exhibiting encouraging signs with strong support above the 50-period EMA and bullish candlestick patterns forming. Positive UK economic data and a softer US dollar contribute to upward momentum. Key resistance at 1.2600 will be crucial for continued gains. For detailed technical analysis and outlook, see economies.com.
US Dollar braces for key US inflation data this week as traders await CPI figures that could reshape rate hike expectations. Meanwhile, the Japanese yen weakens amid intervention talk, and central banks remain under close scrutiny as global markets navigate uncertainty.
GBP/USD slips after weaker-than-expected US payroll revisions dampen the dollar and keep Fed rate cut bets alive. Despite recent gains, cautious mood persists amid mixed UK data and ongoing political shifts. Watch for fresh drivers as markets weigh economic outlooks on both sides. #FX #GBPUSD
