The US Dollar Index (DXY) is putting in a technical pattern set to resolve itself one of these days, a little patience required first.GBP/USD is pulling back but viewed as a buying opportunity at support. A few NZD pairs are of interest. Gold range set to continue. Technical Highlights: US Dollar Index (DXY) building a […]
Sterling Talking Points – UK Q4 growth misses expectations – GBPUSD may have further to fall after Wednesday’s hawkish FOMC minutes. Check out our new Trading Guides: they’re free and have been updated for the first quarter of 2018. GBPUSD Rattled by Weaker-Than-Expected UK Growth. UK Q4 growth fell to 0.4% from a prior reading […]
To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook:This week’s Technical Perspective highlighted a constructive bias in cable while above the 1.3020 confluence support zone as price continues to trade within this broad median-line formation. Heading into majorevent risk over the next 72 hours the focus is on […]
Talking Points – The British Pound is well placed to make further gains once the current sideways trend ends. – Little is expected from the fourth round of Brexit talks so any disappointment will likely be limited. Check out our Trading Guides: they’re free and have been updated,with several new ones now available including Forex […]
Talking Points – GBP/USD slipped back then recovered in Europe Friday as UK Prime Minister Theresa May delivered a long-awaited speech on Brexit in Florence in which she emphasised that the UK will cease to be an EU member in March 2019. – May said it is in “all our interests” that the negotiations succeed […]
Talking Points: – The British Pound put in an aggressively bullish move around last week’s BoE rate decision, and is seeing a bit of retracement to start this week after a speech from BoE Governor, Mark Carney. – With the recent bout of GBP strength we’ve seen a rise in retail sellers. IG Client Sentiment […]
To receive Michael’s analysis directly via email, please SIGN UP HERE GBP/USD Daily Chart Technical Outlook: Last month we noted that Sterling prices were approaching a region of key, “structural support at the December high / lower parallel at 1.2760/75– a level of interest for possible exhaustion.” Indeed prices registered a low of 1.2773 before […]
– U.K. Consumer Price Index (CPI) to Rebound in July. – Core Rate of Inflation to Expand Annualized 2.5%- Second Highest Reading for 2017. – Sign Up & Join DailyFX Market Analyst Nicholas Cawley LIVE to Cover the U.K. CPI Report. Trading the News: U.K. Consumer Price Index (CPI) A pickup in both the headline […]
– U.K. Consumer Price Index (CPI) to Exceed 2% Target for First Time Since 2013. – Core Rate of Inflation to Climb Annualized 1.7%- Fastest Pace Since August 2014. For more updates, sign up for David’s e-mail distribution list. Trading the News: U.K. Consumer Price Index (CPI) A pickup in the U.K.’s headline and core […]
– U.K. Consumer Price Index (CPI) to Pick Up for First Time Since June. – Core Inflation to Climb to Annualized 1.4% After Holding Steady at 1.3% in August. For more updates, sign up for David’s e-mail distribution list. Trading the News: U.K. Consumer Price Index (CPI) A material pickup in both the headline and […]