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GBP/USD Recovery Vulnerable as Bear Flag Formation Takes Shape
GBP/USD may stage additional attempts to test the May low (1.2446) as a bear-flag formation appears to be taking shape.
EUR/USD, GBP/USD, USD/CAD, USD/JPY, Gold Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly / monthly open.
Forex Seasonality – December 2024: Can EUR/USD and AUD/USD Rally?
EUR/USD and AUD/USD are heading into their strongest month, hinting at rally potential after November drops.
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Pound Forecast: GBP/USD posts its strongest week since September. Can it continue rising?
GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises ahead of inflation data. GBP/USD falls after stronger US data & UK service sector gloom.
US Dollar Forecast: GBP/USD Still Vulnerable to Test of May Low
GBP/USD may attempt to test the May low (1.2446) if it fails to defend the monthly low (1.2487).
British Pound Forecast: GBP/USD Eight-Week Breakdown Testing Support
British Pound plunged for an eighth week with a 7% decline off the yearly high now testing the key support. Battle lines drawn on the GBP/USD weekly technical chart.
GBP/USD Selloff Pushes RSI Up Against Oversold Zone
GBP/USD falls to a fresh monthly low (1.2576) as it gives back the advance from the start of the week.
GBP/USD Outlook: US dollar extends rally
In the FX space, the yen was also bid, supported by some hawkish remarks from the BoJ governor, implying a rate hike was not off the table in December. Elsewhere, the EUR/USD broke below the 1.05 handle amid hawkish repricing of US rates and ongoing concerns over Eurozone economy, while the GBP/USD slipped near the 1.26 level, potentially on the verge of breaking further lower. The GBP/USD outlook thus remains bearish.
EUR/USD, GBP/USD slide as rising US yields take control
While headlines were fixated on Nvidia and the origin of missiles, the real story for EUR/USD and GBP/USD on Wednesday was US yield movements, driving the latest twists in forex markets.
GBP/USD forecast: Traders eye $1.25 despite hotter UK inflation
The UK's higher-than-expected inflation data has likely ruled out a December rate cut by the Bank of England, but the GBP/USD has nevertheless been unable to hold onto its earlier gains. Thus, the GBP/USD forecast remains unchanged as we expect to see further modest selling pressure until the dollar tops out.
GBP/USD, DAX Forecast: Two trades to watch
GBP/USD gives up earlier gains after hotter inflation. DAX rises as geopolitical worries ease, Nvidia earnings come into focus.
GBP/USD Struggles as BoE Bailey Sees Faster Disinflation
GBP/USD struggles to extend the advance from the start of the week as BoE Governor Bailey acknowledges that ‘inflation has come down faster than we expected a year ago.’
DAX, GBP/USD Forecast: Two trades to watch
DAX rises with attention on EZ CPI & Trump appointments. GBP/USD falls ahead of BoE Bailey’s appearance & tomorrow’s CPI data.
GBPUSD, Nasdaq Forecast: Trends in Recovery Mode?
GBPUSD, Nasdaq Forecast: Following the DXY’s pullback from the 107-mark, the GBPUSD held its ground, hinting at a potential bullish rebound. Meanwhile, Nasdaq entered a pullback mode to recharge from the Trump rally effect, signaling a possible recovery phase.
US Dollar Majors, Gold, Silver, Oil, Stocks Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly open.
British Pound Technical Forecast: GBP/USD, GBP/JPY
It was a brutal week for the British Pound, with fresh four-month lows in Cable as GBP/JPY put in a late-week breakdown.
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GBP/USD Trades Below 200-Day SMA for First Time Since May
GBP/USD appears to be on track to test the June low (1.2613) as it no longer tracks the positive slope in the 200-Day SMA (1.2820).
British Pound Short-term Outlook: GBP/USD in Freefall- Support Ahead
British Pound plunged more than 3.2% off the monthly high with a break of the election range exposing key support. Battle lines drawn on the GBP/USD technical charts.
British Pound Forecast: GBP/USD Plunges to Critical Support
British Pound plunged nearly 4.8% off the yearly high with the bears now poised to challenge key trend support. Battle lines drawn on the GBP/USD weekly technical chart.
GBP/USD, DAX Forecast: Two trades to watch
GBP/USD falls as unemployment rises. DAX falls as Trump risks hit sentiment.
GBP/USD Outlook Hinges on Break of Monthly Opening Range
GBP/USD may continue to track the positive slope in the 200-Day SMA (1.2818) should it hold within the opening range for November.
GBP/USD Outlook: Currency Pair of the Week – November 11, 2024
This week, inflation data from the US and GDP data from UK will be crucial. With last month’s US CPI outpacing expectations at 2.4% year-over-year, markets remain attentive to signs of persistent inflation.