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GBPUSD Break Faces Hurdles USD and Equities Await FOMC Minutes

GBPUSD Break Faces Hurdles USD and Equities Await FOMC Minutes


GBPUSD Break Faces Hurdles USD and Equities Await FOMC Minutes Talking Points: GBPUSD leverages fundamental surprise on technical congestion for a decisive ...


We have long linked the two props - US stocks and USD/JPY - a stalling/correction in the former could work to being a cap below 115.00 FX wise.

From our perspective, we are far more cautious on the Gbp path and for now (albeit tentatively) we are standing at 1.37, 1.34 and 1.32 across the 3, ...

US STOCKS - In particular, the S&P 500 and after mega record highs a tentative top building at 2940/41 following the spike in US yields and hawkish Fed chat ...

Certainly, the Euro does seem the favoured alternative to the Usd reserves wise right now.

The clearest area to engage in buy-side opportunities at this stage is found at 0.7050, the midpoint of the range circa 0.7070 or alternatively a break and ...

Nonetheless, the September and December Fed funds futures contracts were unchanged. The market is now placing a 38% chance of a rate hike in September, ...

However, we are more optimistic than that, at least very near-term due to:

The greenback remained weaker after a report said the U.S. and Canada are unlikely to reach a deal on Nafta in Washington this week, while the pound ...

Global markets were solidly in the green, with Asian and European shares enjoying big gains after Trump said talks were taking place with Beijing by phone ...

GBP/USD: Brace For Another Week Of Brexit-Led Vol

At this juncture, we cannot help but be swayed by the admittedly cautious DRAGHI. Monetary stimulus, the ECB pres believes will be needed for a very long ...

Gold Price Chart - XAU/USD Daily - GLD Outlook

End-month buying took over after that and the dollar ended Friday generally higher even though fed funds rate expectations fell notably – end-2016 is back ...

ING says the break below 2.13% has come as a surprise to most and so far sparked a benign Usd selloff, with most high yielders continuing to perform very ...

There is a significant number of hurdles on the way up as reflected by the multiple horizontal levels of resistance created on the way down as the macro ...

GBP/USD Forecast: Bears await a convincing break through 200-DMA/descending triangle support

Meanwhile traders around the world were waiting for an outcome from the ongoing Brexit saga: “If and when a vote on the withdrawal agreement occurs is ...

There has been no big break of the psych 1.2000 mark so far, but the latest market impacter and RED HEADLINES influence has proved a positive:

AUD/USD: Applying Pressure Against 71 cents

In the US, retail sales for March are due out. Headline retail sales are forecast to have risen +1.0% mom in March, a turnaround from -0.6% mom in February.

Political Concerns Further Cools SPX Run, Fed Drumbeat Raises Dollar's Profile (Forex Trading Video) | SuperNewsWorld.com

It's worth repeating our mantra that we are not for turning every time an event goes against unless it really is seismic, a game changer.

The micro/macro bearish trend in the DXY only reinforces that any GBP positive news can see a move magnified given the overall USD fragility.

GBP/USD Forecast: Time for a breather after 200 pips? Overbought conditions ahead of the Fed

Hamada: I didn't say what I said Koichi Hamada, an advisor to Japan PM Abe, Monday said JPY was too weak and USD/JPY at 105 would be “appropriate.

It was described fairly consensually as a dovish hike, but aren't interest rate hike supposed to be supportive for a currency, particularly as no other ...

From a micro perspective, which is really what matters amind the dicey state of affairs in Brexit and with Central Banks meeting this week, we are faced ...

GER30 Daily Chart

... as US inflation accelerated modestly in June and housing starts & building permits for the month both surpassed expectations. Fed fund rate expectations ...

GBP/USD Forecast: Near-term bearish breakdown seems imminent amid Brexit impasse

GBP/USD fell below the 1.6685 (R1) bar, but the decline was stopped by the 1.6600 (S1) key support, which coincides with the 38.2% retracement level of the ...

GBP/USD stretched its previous downward trajectory to a week's low near 1.3150 while heading into European session on Tuesday. The pair couldn't withstand ...

The euro is sandwiched in the middle, with the currency largely conditioned to Brexit developments and Wed's FOMC to find its next catalyst in either ...

GBP/USD Weekly Price Chart

One of the earliest hurdles a trader must overcome in the starting days of their trading journey is to avoid trying to fit price action behavior to what ...

Oil prices fall on demand fears, market volatility



Sentiment of the DXY.JPG

Gold Price Chart - XAU/USD 240min - GLD Outlook

The Chancellor presented growth forecasts that slashed GDP growth by 0.5% this year and again in 2021. With the political uncertainty that has surrounded ...

World Bank GDP for China and US (in Current USD)

But markets knew better - gold and stocks (and bonds) bid as the dollar dumped.

EUR/USD has been a 5%-plus winner this year so far, but it didn't hang around above 1.2500 for long following the first break.

Fundamental News - AUD/USD

The MSCI World index rose 0.2%, supported by gains in Europe and Asia, but Chinese equities dipped back in the red after a strong 2-day rally on ...


EUR/USD rallied once again and managed to overcome the 1.3893 hurdle. Such a break confirms the resumption of the longer-term uptrend and I would expect the ...

The EUR/USD Is Weak Ahead of the ECB Minutes - Forex News by FX

GBP/USD Trader Sentiment

This is further evidence of the turnaround from Friday's employment shock and demonstrates why USD can keep rising.

US Dollar 1WK 5-12.JPG

GBP/USD: Brace For Another Week Of Brexit-Led Vol

The result could be a meaningful rally in pro-cyclical EM assets – bonds and equities.

Technical trade note GBP/USD - 12 June 2018

AUDUSD Daily Chart

Dollar depreciation remains elusive even as the Fed prepares to lower rate path prediction

DailyFX European Market Wrap: US Military Strikes in Syria, US NFPs Shake Markets: 4/7/17


The GBP/USD pair is currently trading at 1.3205, close to its 52-week high of 1.34427. The sterling has enjoyed an imperious run of form in 2017, ...

Nevertheless, there is still a possibility that the pair will break through the lower low highs and meet a resistance near the monthly S2 at 8.3866.

GBP/USD coiling around 1.2780 as markets head into Trump Xi G20 headliner

Upwards scenario: Measures of resistance might be activating when the pair approaches the 1.5363 (R1) mark. Break here would suggest next interim target at ...

Fed minutes says the time is nigh for a rate hike, US dollar weakens anyway : Markets Wrap | AxiTrader

Hard to believe that behind Basic Materials/Resources, that Utilities would be such an outstanding performer! I chalk that up to dividend yield in the face ...

Interested in USDJPY technicals? Check out the key levels

Table of Key Current Market Rates

Análise do Indicador Ichimoku para GBP/USD e OURO em 30/07/2015

Click to Enlarge Name: TWI.JPG Size: 292 KB


China gains, auto sector lift Asian shares, but sentiment fragile

Expected data include Conference Board Consumer Confidence, while the government shutdown will delay some reports yet this week and next.

Forex Signals Brief for May 21: UK Inflation in Focus - Forex News by FX

... in Asian stocks boosted demand for havens. Meanwhile, the pound tumbled to 2018 lows as Prime Minister Theresa May was said to delay the "meaningful" ...

Yesterday evening Governor of the Bank of Canada, Stephen Poloz, gave the first hint that Canada will require “less monetary stimulus over time”.

GBPUSD tests end of March low




Technical trade AUD / USD - 16 July 2018


Weighing the Week Ahead: Should We Worry about Indicators that Decline from a Peak?

Today's highlights: During the European day, Sweden's PES unemployment rate for March fell to 4.0% from 4.2%, a deeper decline than the expected 4.1%.

USD bears regain poise in Asia, eyes on Draghi, German CPI and Fed minutes


USD/JPY moved in a consolidative mode, remaining below the resistance of 102.70 (R1). A clear break above the 102.70 (R1) hurdle may target the next one at ...

Forex Signals Brief for May 21: UK Inflation in Focus - Forex News by FX

Figure 12- UK Unemployment rates (aged 16 and over), seasonally adjusted