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GBPUSD

XM Research

XM Research - 6 hours ago

Technical Analysis – GBPUSD pauses selling interest

GBPUSD rebounds off 1.2545 20- and 200-day SMAs post golden cross GBPUSD is supported by the 1.2545 barrier following the downward wave from the 61.8% Fibonacci retracement level of the bearish wave from 1.3140 to 1.2035 at 1.2720. Technically, the 20- and the 200-day simple moving averages (SMAs) posted a golden cross in the preceding days, suggesting more gains in the next few sessions.
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XM Research - 1 day agoBullish

Technical Analysis – GBPUSD ends 2023 in bullish area

GBPUSD finds strong resistance near 200-week EMA Technical signals are negative Will 2024 be a negative year for the pair? With the year 2023 drawing to a close, GBPUSD could not carry the impressive rally of the last three weeks above the bullish crossover within the 50- and the 100-week simple moving averages (SMAs) and the 23.6% Fibonacci retracement level of the upward wave from 1.0325 to 1.3140 at 1.2480. Also, the pair found strong resistance near the 200-week exponenti
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XM Research - 2 days agoNeutral

Technical Analysis – GBPUSD bulls hit a wall; support nearby

GBPUSD reaches overbought area near key resistance Sellers could take control of the market below 1.2588   GBPUSD flatlined around the familiar 1.2720 resistance region, which was last tested at the end of August, after three constructive bullish weeks. The area also overlaps with the 61.8% Fibonacci retracement of the July-October downleg.
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XM Research - 1 week agoNeutral

Technical Analysis – Has the GBPUSD rally run its course?

GBPUSD tries to record another green candle The strong move from the October lows continues undaunted Momentum indicators remain favourable for the current move GBPUSD is trying to register its fourth consecutive green candle as the strong upmove from the October lows continues after GBPUSD managed to surpass the resistance set by the 50- and 200- simple moving averages (SMAs).
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XM Research - 1 week ago

Technical Analysis – GBPUSD skyrockets to almost 2-month high

GBPUSD rallies higher, surpassing strong lines Short-term bias positive, but there are more threats higher RSI enters overbought conditions GBPUSD is surging after the bounce off the 200-day simple moving average (SMA) and the 38.2% Fibonacci retracement level of the downward wave from 1.3140 to 1.2035 at 1.2460, reaching an almost 2-month peak of 1.2643. Technically, the pair is sailing near overbought waters according to the RSI.
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XM Research - 1 week ago

Market Comment – Dollar and oil extend slide ahead of busy week

Major pairs and gold climb to new highs as dollar sags Inflation data and Fed speakers awaited for direction Oil drifts lower ahead of OPEC+ decision Markets cautiously optimistic ahead of key data Trading got off to a cautious start on Monday as investors awaited fresh clues on inflation and the Fed policy path in what looks set to be a more eventful week following the Thanksgiving lull.
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XM Research - 2 weeks ago

Market Comment – Dollar pulls back ahead of PMIs

Dollar pulls back on Thanksgiving as Fed cut bets weigh Focus today turns to the preliminary S&P Global PMIs Japan’s CPIs accelerate, corroborating a BoJ policy exit next year Gold gains, oil loses more ground on OPEC delay Fed rate cut bets weigh on the dollar, PMIs on tap The US dollar turned south again yesterday and continues to underperform against some of its major peers today.
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XM Research - 2 weeks ago

Market Comment – Oil steadier after nose-dive, dollar pulls back in thin trade

Oil plunges on OPEC+ meeting delay, sparking rally in US dollar But dollar resumes decline today as rivals advance on easing gloom Stocks mostly positive in holiday-thin trade Oil prices whipsaw on OPEC+ speculation Markets were hit by some unforeseen turbulence on Wednesday as oil prices plummeted on OPEC’s announcement that Sunday’s meeting has been postponed to November 30. This month’s output decision was already building up to be a major one as the OPEC and non-OPEC a
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XM Research - 2 weeks ago

Technical Analysis – GBPUSD unlocks new 2-month peak

GBPUSD continues the upside rally above 1.2500 200-day SMA looks strong support level now MACD extends the bullish momentum GBPUSD is looking ready to continue its bullish trend in the short-term timeframe, as it is posting its fourth consecutive green day, breaking beyond the 200-day simple moving average (SMA) and the critical 1.2500 level.
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XM Research - 2 weeks ago

Market Comment – Fed minutes halt dollar’s drop

Dollar breathes as Fed minutes confirm ‘higher for longer’ view BoE’s Bailey pushes sterling higher, Autumn Statement on tap Wall Street traders find opportunity for profit taking Gold continues to march north, moves above $2,000 Dollar takes a breather after Fed minutes The wounded dollar showed signs of stabilizing against most of its major peers, after the minutes from the latest FOMC decision suggested that policymakers were willing to maintain a restrictive policy
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XM Research - 2 weeks agoBullish

Technical Analysis – GBPUSD accelerates to fresh 2-month high

GBPUSD overcomes 1.2500 key barrier RSI and MACD continue bullish bias The 20- and 50-day SMAs posted positive cross GBPUSD is looking to resume its bullish trend as the price is creating the third consecutive green day, surpassing the 200-day simple moving average (SMA) and the 1.2500 psychological mark. Also, the pair rose to its highest level of the last two months, with the technical oscillators suggesting strengthening upside momentum.
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XM Research - 2 weeks ago

Weekly Technical Outlook – US 500, GBPUSD, USDJPY

US 500 muted ahead of FOMC minutes GBPUSD meets key levels awaiting Eurozone’s and UK PMIs Japanese inflation may drive USDJPY even lower?   FOMC minutes --> US 500 The FOMC minutes are one of the highlight events of the week, coming up on Tuesday instead of Wednesday due to the Thanksgiving holiday on Thursday in the US.
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XM Research - 3 weeks ago

Week Ahead – Fed minutes and Eurozone PMIs on the menu

Fed minutes on Tuesday will be scrutinized for clues on rate path Eurozone business surveys to shed some light on recession risks Japanese inflation stats also in focus as yen attempts to recover   Bruised dollar awaits FOMC minutes It’s been a tough month for the US dollar. A string of disappointing data releases coupled with an announcement that the Treasury will shift its debt issuance towards shorter-dated maturities came together to engineer a heavy decline in US bond
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XM Research - 3 weeks ago

Has the dollar rally run its course?

Dollar slides as investors pencil in 100bps worth of Fed rate cuts US economy is expected to slow, but still fare better than its major peers Fed likely to begin rate reductions next year, but ECB may cut earlier Aussie the most likely candidate to outperform the greenback Jobs and inflation data hurt the dollar The US dollar suffered a major blow this week after the US CPI data revealed that inflation cooled by more than anticipated in October, adding credence to investors’
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XM Research - 3 weeks ago

Market Comment – Rate cut bets intensify as oil plunges, but Wall Street wobbles

Markets think the Fed is done after US data misses Selloff in crude oil further fuels rate cut bets amid supply glut fears But dollar seesaws while earnings caution weighs on stocks Fed expected to cut by 100bps in 2024 Fed tightening expectations suffered a further blow on Thursday after some weak data releases in the United States put the final nail in the coffin on the likelihood of another rate increase.
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XM Research - 3 weeks ago

Market Comment – Dollar claws back some losses as relief rally fades

Fed rate cut bets scaled back after upbeat US data Wall Street rally loses steam, dollar edges up as yields rebound Global growth worries and disappointing US-China summit also dent mood Post-CPI euphoria fizzles out Equities were muted while the greenback was broadly firmer on Thursday as the relief rally on the back of this week’s cooler-than-expected US CPI readings lost steam following some not-so-soft data yesterday.
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XM Research - 3 weeks ago

Technical Analysis – GBPUSD retreats from 1.2500

GBPUSD remains above 200-day SMA despite the recent sell-off Still bullish in near term MACD extends its upside momentum GBPUSD is losing some ground after the aggressive buying interest that took place on Tuesday, adding 250 pips and surpassing the 1.2500 round number. The price surged also above the 200-day simple moving average (SMA) but is currently trying to visit it again.
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XM Research - 3 weeks ago

Market Comment – Dollar tumbles on cooler-than-expected US inflation

Slowing US inflation confirms view that Fed is done with hikes Aussie and kiwi gain the most on bolstering risk sentiment Pound pulls slightly back on lower-than-expected UK inflation Wall Street rallies as investors cheer US inflation data US CPI numbers support ‘Fed is done’ narrative The dollar tumbled across the board yesterday after cooler than expected US inflation data added more credence to investors’ belief that the Fed’s tightening crusade is over, despite
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XM Research - 3 weeks ago

Market Comment – Yen hits fresh low as focus turns to US CPI data

Yen spikes, but ends Monday as the main loser Dollar traders lock gaze on US inflation data UK jobs report beats estimates, CPIs the pound’s next test Wall Street ends mixed, awaits US CPI figures Dollar/yen nearly touches October 2022 high The US dollar traded mixed against its major counterparts on Monday, losing ground against the pound, the aussie, and the euro, while gaining the most against the yen.
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XM Research - 3 weeks agoNeutral

Technical Analysis – GBPUSD enters Ichimoku cloud after claiming 50-SMA

GBPUSD breaks out of triangle but 200-day SMA curbs advance Despite a mild pullback, the bulls conquer the 50-day SMA Oscillators suggest that positive momentum is picking up GBPUSD had been forming a profound structure of lower highs and lower lows since its 18-month peak of 1.3141. Although the pair’s latest attempt to recoup some losses got rejected by the 200-day simple moving average (SMA), buyers managed to halt the retreat and reclaim the 50-day SMA.
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