Mexico’s September trade deficit widened to $0.831 billion, driven by weaker manufacturing and oil exports alongside rising imports of intermediate goods. This shift impacts the peso’s volatility and signals challenges and opportunities in Mexico’s trade dynamics, affecting forex markets and investor sentiment.
GBP/USD remains pressured, continuing to trade beneath the main bearish trendline. The pair struggles to break resistance near 1.2170, signaling ongoing downward momentum. Key support levels at 1.2060 and 1.2000 are in focus, with further declines possible unless price closes above the trendline. Market sentiment and fundamentals keep the bias bearish. #Forex #GBPUSD #TechnicalAnalysis
GBP/USD is trading with a modest positive bias above 1.3300, supported by a softer US Dollar amid dovish Fed signals and lower Treasury yields. However, upside momentum remains limited due to UK economic challenges, inflation concerns, and ongoing Brexit uncertainties. Market eyes remain on key UK data and risk sentiment for the next move.
GBP/USD trades with a positive bias above 1.3300 amid a softer US Dollar following recent strong US economic data. However, upside appears limited as investors weigh Fed tapering prospects, BoE policy uncertainty, COVID-19 risks, and Brexit developments. Key resistance near 1.3340–1.3400 remains a hurdle for sustained gains.
GBP/USD trades with a modest positive bias above 1.3300, supported by a softer US dollar following a dip in Treasury yields. While pound strength benefits from improving UK economic indicators and prospects of Bank of England tightening, upside remains limited amid lingering Brexit uncertainties and mixed macro data. Market participants remain cautious as geopolitical and inflation risks temper bullish momentum.
GBP/USD trades with a positive bias above 1.3300, supported by a softer US Dollar. However, Brexit uncertainties and mixed UK data cap further upside. Market awaits clear progress on negotiations and stronger fundamentals before committing to a sustained rally.
GBP/USD shows a positive bias above 1.3300 as the USD softens on falling Treasury yields and cautious Fed expectations. However, gains remain capped amid Brexit uncertainties, subdued UK economic data, and a lack of hawkish signals from the Bank of England. Traders remain cautious despite the mild rebound.
GBP/USD trades above 1.3300 supported by a softer USD and reduced UK political uncertainty. However, upside remains capped amid cautious market sentiment ahead of key UK fiscal updates and persistent global challenges. Source: Haresh Menghani, FXStreet
Forex Market Outlook: As key earnings reports approach, watch for increased volatility driven by shifts in risk sentiment, interest rate expectations, and capital flows. Strong corporate results may boost risk currencies like AUD and NZD, while disappointing earnings could drive safe-haven demand for USD and JPY. Stay alert to how earnings from major tech firms, European banks, and commodity giants influence currency dynamics amid persistent inflation and geopolitical uncertainties. Insights by Matías Salord via FXStreet.
GBP/USD has dropped to 1.3287 amid growing anticipation of a Federal Reserve rate cut. While the Fed’s dovish shift may eventually soften the dollar, near-term risk aversion is boosting USD demand. UK economic challenges and Brexit uncertainties add pressure, leaving traders cautious as they await fresh signals from both central banks.
