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GBPUSD


XM Research

Sterling rides wave of risk sentiment ahead of GDP report – Forex News Preview

In the United Kingdom, preliminary GDP growth data for the second quarter will hit the markets at 06:00 GMT Friday.

Technical Analysis – GBPUSD capped by 50-day SMA as rebound falters

GBPUSD has been in a prolonged downtrend since the beginning of the year, creating a clear structure of lower highs and lower lows.

Week Ahead – US inflation report to cast light on Fed’s path

Another decisive week for global markets lies ahead. The main event will be the latest CPI report from the United States, which will reveal whether inflation has finally started to cool off.

Daily Market Comment – Stocks drift, dollar firms as markets brace for US jobs slowdown

NFP report awaited as recession risks remain front and centre Dollar inches higher ahead of the jobs data, stocks drift sideways Pound regains footing after fall from BoE’s warning of long recession Oil steadies after sliding again, gold shines as yield-curve inversion deepens Jobs report to put US economy to the test Recession jitters were abound on Friday even as markets got off to a steady start following a few wobbles along the week.

Daily Market Comment – Wall Street bounces, shrugs off Taiwan tensions and hawkish Fed

Solid earnings lift US stocks to multi-month highs despite hawkish Fed soundbites Yen slips further as markets unrattled by China flexing its military muscle over Taiwan Pound edges up ahead of expected Bank of England rate hike, dollar consolidates      Earnings relief fuel equities rebound Geopolitical tensions and recession fears appear to have faded into the background for investors as shares on Wall Street staged another impressive rally on Wednesday, while safe-haven currencies retreated further.

Bank of England ponders a more ‘forceful’ rate hike – Forex News Preview

The Bank of England is widely tipped to raise interest rates for the sixth straight meeting on Thursday (11:00 GMT).

Daily Market Comment – US-China tensions dent appetite as yields crumble, dollar creeps higher

Stocks turn red amid renewed Sino-US tensions as Pelosi expected in Taiwan Yen extends winning streak, dollar also catches a bid as bond yields skid Aussie plummets after RBA decision, pound rally loses steam too as BoE eyed Threat of geopolitical flare-up dampens mood Risk sentiment took a knock on Tuesday as it emerged that the Speaker of the US House of Representatives Nancy Pelosi is on her way to Taiwan, defying China’s strong advice against visiting the disputed territory.

Technical Analysis – GBPUSD under bullish control but confirmation required

GBPUSD closed marginally above its 50-day simple moving average (SMA) on Monday at 1.2244 for the first time since February, violating at the same time the upper surface of a bearish channel.

Daily Market Comment – Dollar slips further as easing rate hike bets bolster stocks

Dollar spun around by mixed data, eventually resuming its slide along with yields Tech and oil earnings stretch S&P 500’s monthly gain to 9% But some caution as weak Asian manufacturing PMIs lift yen Fed rate hike bets continue to waver The US dollar has started August on the backfoot as markets are increasingly convinced that the Federal Reserve’s rate hike days are numbered, while Wall Street has just notched up its best month since November 2020, cheered by more upbeat earnings.

Week Ahead – Bruised dollar looks to NFP report; BoE could speed up rate hikes

The coming week is shaping up to be another crucial one for gauging recession risks and monetary policy paths.

Technical Analysis – GBPUSD turns bullish in short term after dramatic slump

GBPUSD has reversed back up after finding strong support at the 28-month low of 1.1760. The pair is advancing above the 20-day simple moving average (SMA) and the next obstacle to surpass is the medium-term descending trend line.

GBPUSD has been moving sideways after its recent rebound failed to cross above the 1.2045 region. However, the pair is exhibiting negative tendencies, with the 50-period simple moving average (SMA) and the lower Bollinger band acting as a strong floor for the price.

Daily Market Comment – ECB hikes big, euro unimpressed; stocks wobble on earnings, growth doubts

Euro jumps then falls on ECB’s surprise 50-bps hike as Lagarde fails to inspire confidence Weak PMIs, Snap’s ad warning and rise in US jobless claims re-ignite slowdown concerns Dollar firms but fallout in equities contained by sliding bond yields ECB frontloads rate hikes but new tool troubles euro The European Central Bank threw its rule book out the window on Thursday as policymakers defied their own forward guidance of a 25-basis-point rate hike to lift their three main lending rates by 50 bps.

Daily Market Comment – Euro edges up on Nord Stream relief, awaits ECB outcome  

Euro buoyed as gas flows resume ahead of ECB decision, but turmoil in Italy Earnings lift S&P 500 to 6-week high but stocks mixed today Gold slumps to one-year low as it loses out to rising rates, bullish dollar All eyes on size of ECB rate hike and new bond tool The euro is clawing higher ahead of the European Central Bank’s widely anticipated interest rate rise – the first in 11 years – later today.

Daily Market Comment – Wall Street rallies on earnings boost, euro hits 2-week high on ECB bets

Gloom fades further with the help of earnings as stocks rally, dollar retreats Euro extends recovery as ECB decision looms, gas supply fears subside Pound rises on hawkish BoE but political risks cap gains Have stocks reached a bottom? The market mood improved dramatically overnight after Wall Street notched up its best daily gains in almost four weeks.

Daily Market Comment – Stocks falter as Apple weighs but dollar remains soft, euro rallies

Equity rebound stumbles as Apple dents optimism ahead of tech earnings Euro rebound gains traction on ECB sources as gas flow resumption awaited Dollar stays on the backfoot, aussie jumps on hawkish RBA minutes Wall Street looking shaky again amid uncertainties Market sentiment remained broadly positive on Tuesday but there was a greater sense of cautiousness amid worries about the earnings outlook, ongoing recession fears and some apprehension ahead of the policy decisions by the European Central Bank and Bank of Japan.

Technical Analysis – GBPUSD jumps higher to meet 1.2000

GBPUSD is showing signs of being positive in the short run, after gaining ground on Thursday and breaking over its 28-month low of 1.

Daily Market Comment – Sentiment improves on data, easing Fed fears; stocks and euro edge up

Strong US retail sales and softer inflation expectations lift Wall Street Dollar knocked off highs as 100-bps Fed rate hike bets pared back Euro tries to distance itself from parity but Italy and gas supply risks cap gains WTI oil tests $100 on summer demand after Biden’s Saudi trip bears no fruit Stocks set for positive start to week Equity markets got off to a buoyant start on Monday as recession panic continued to subside following some encouraging data out of the United States on Friday.

Week Ahead – Pressure mounts on ECB and BoJ after latest dollar surge

After another sizzling-hot inflation report out of the United States, the European Central Bank and Bank of Japan will meet against the worrisome setting of their currencies plunging.

Daily Market Comment – Euro/dollar kisses parity, stocks slide as caution reigns

Euro tests parity against US dollar, similar moves across FX arena Stocks and oil prices edge lower in the shadow of China lockdowns  Gold cannot shine either despite cautious mood, extends selloff Hello parity A sense of nervousness has descended on global markets once again, with traders slashing their exposure to riskier assets and taking shelter in the only hedge that works - the mighty US dollar.



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