TAG: GBP/USD
AUD/USD, EUR/USD and GBP/USD under pressure as greenback appreciates
AUD/USD nears support AUD/USD slips towards its $0.6478 March low which may offer short-term support. Below it lies the February low at $0.6443. This level will remain in play as long as no bullish reversal above $0.6634 is seen. Source: TradingVi...
6 months ago
Technical cheat sheet: GBP/USD's deceptive dance
The overview is cautious in both weekly and daily time frames, but the latter may hold the key in terms of dictating its next move. There's also sentiment from both IG clients and CoT speculators on the same side, but employing different trading styles. O...
6 months ago
Pound stabilizes as shop inflation drops
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as 1.2539, its lowest level since February 14. UK shop inflatio...
6 months ago
EUR/USD, GBP/USD and USD/JPY slip on pared back US rate cut expectations
EUR/USD rally pauses ahead of NFP The EUR/USD rally off the $1.0724-23 December and early-February lows has taken it to Thursday's $1.0874 high before giving back some of its recent gains ahead of today's Non-Farm Payrolls data release. The $1.0874...
6 months ago
EUR/USD, EUR/GBP and GBP/USD resume their ascents post strong US employment report
EUR/USD rises post NFP The EUR/USD rally off the $1.0724-23 December and early-February lows has taken it to Thursday's $1.0876 high before giving back some of its recent gains around Friday's Non-Farm Payrolls. The $1.0876 high was made marginally below...
6 months ago
GBP/USD, EUR/JPY and USD/JPY continue to grind higher
GBP/USD remains bid GBP/USD grapples with the 55-day simple moving average (SMA) at $1.2668 and the March-to-April downtrend line at $1.267. Above these levels beckons last week's high at $1.2684 and the 22 February high at $1.271. Minor support sit...
6 months ago
Trading the trend: short soybeans
(AI Video Summary) Previous GBP/USD, Brent crude and EUR/CHF trading outcomes In this week's episode of "Trading the trend", Axel Rudolph discusses recent trades that he's conducted in forex and commodities. The long position on GBP/USD (cable) since 20 M...
6 months ago
Trading volatility: GBP around UK inflation data
The big question is whether it’s worth setting up a trade around the pound against the dollar or euro. Having seen the ECB nail its colours to the mast with its rate decision, there may be more stability for GBP/EUR leading up to the event, but GBP/USD is...
6 months ago
Pound slips to 4.5-month low, UK GDP ticks higher
The British pound has edged lower on Friday. In the European session, GBP/USD is trading at 1.2594, down 0.47%. The pound is down 1.1% this week and fell to 1.2489 earlier today, its lowest point since November 23. UK economy ekes out a 0.1% gain It wasn’...
6 months ago
EUR/USD, GBP/USD weigh on key support while AUD/USD hovers above it
EUR/USD remains under pressure EUR/USD slid to the $1.07 mark on Thursday which, together with the $1.0694 February low remains in sight and represents major support. Were it to give way on a daily chart closing basis, a longer-term bearish signal woul...
6 months ago
GBP/USD eyes UK employment release
The British pound is steady on Monday. In the North American session, GBP/USD is trading at 1.2445, up 0.05%. US retail sales climb 0.7% US consumers continue to shop and spend as March retail sales was stronger than expected. Retail sales rose 0.7% m/m,...
6 months ago
EUR/USD, GBP/USD and AUD/USD slide on US dollar safe haven inflows
EUR/USD drops further still Friday's EUR/USD fall through and daily chart close below its $1.0694 February low confirmed the resumption of the medium-term bear market which began in December with the $1.05 region being in focus. The 78.6% Fibonacc...
6 months ago
GBP/USD dips after weak employment data
The British pound dropped 0.30% after today’s UK employment report but has recovered most of these losses. In the European session, GBP/USD is trading at 1.2452, up 0.05%. UK job growth slides, unemployment rises The UK employment report was weaker than e...
6 months ago
GBP/USD rises as UK inflation higher than expected
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected...
5 months ago