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
GBP/USD has climbed to multi-week highs aided by US dollar weakness and steady UK data, but technical indicators like RSI, MACD, and resistance near 1.2820-1.2850 suggest upward momentum may be stalling. Traders should watch for potential pullbacks or consolidation ahead.
The US Dollar rebounded sharply following weaker-than-expected US jobs data, boosting bets on Federal Reserve rate cuts. Markets now price in a high probability of easing as inflation cools and labor momentum slows. GBP/USD and EUR/USD saw volatility as traders reassessed rate differentials amid evolving central bank signals. The outlook points to continued FX market shifts driven by Fed policy expectations and economic data releases.
GBP/USD faces a critical week ahead as markets lock in on US CPI data. A higher-than-expected inflation reading could strengthen the dollar, pressuring the pound, while softer figures may boost sterling by fueling hopes of Fed easing. Central bank policies and UK economic reports add further layers to this key forex story.
Is the British Pound poised for a rebound against the US Dollar? After years of volatility driven by Brexit, inflation, and shifting policies, recent signs point to moderating UK inflation and a more cautious Bank of England. With Fed and BoE policies at a potential inflection point, GBP/USD may be set for a meaningful move. Credit: MSN/Macro Money #Forex #GBPUSD #CurrencyMarkets
Is the British Pound ready to rebound against the US Dollar? Recent disinflation in the UK, improving economic data, and shifting Bank of England signals suggest potential upside. Yet, strong US fundamentals and hawkish Fed policy remain key headwinds. Traders should watch for sustained breakouts and data-driven guidance in the weeks ahead.
Credit: Inspired by Giles Coghlan’s analysis on MSN Money.
Global bond markets are showing signs of strain under record debt levels, with rising yields, yield curve inversions, and widening credit spreads signaling investor unease. Central bank tightening, inflation, and fiscal pressures are forcing a reassessment of risks. Simon Harvey’s FXStreet analysis warns of potential shocks ahead.
Global bond markets show early signs of strain as debt soars past $315 trillion, fueled by years of easy money and aggressive rate hikes. Rising yields threaten refinancing costs for governments and corporations alike, signaling risks that could ripple through currencies and global financial stability. Investors, stay alert.
GBP/USD shows resilience amid mixed signals, with a solid recovery from 1.34 support. Market focus sharpens on resistance near 1.36, driven by diverging central bank policies and evolving risk sentiment. If momentum sustains, a retest of this key level is likely in the coming weeks. Stay tuned for further developments.
Weekly Forex Forecast (June 10-14, 2024):
DXY remains rangebound between 104.00-104.70, awaiting US inflation data and Fed signals—breakout above 104.70 could target 105.25, while a drop below 104.00 risks sliding toward 103.40. EUR/USD holds a sideways channel near 1.0800-1.0910 after ECB’s dovish rate cut; key support at 1.0785 and resistance at 1.0910 shape near-term moves. GBP/USD tests support near 1.2500 amid mixed UK data, while NZD/USD edges higher supported by improving risk sentiment. Watch macro catalysts for volatility shifts.
(Source: Justin Bennett, Forex Factory)
Weekly Forex Forecast:
DXY consolidates near resistance amid Fed policy uncertainty; US CPI and PPI data this week will be key.
EUR/USD remains under pressure below 1.0800, awaiting Eurozone sentiment and US inflation cues.
GBP/USD tests support amid mixed UK data and Brexit-related volatility.
NZD/USD battles at 0.6250, sensitive to commodity prices and global risk appetite.
Stay tuned as fundamentals and technical setups unfold.
