26.09.2022
Chicago 12, Melborne City, USA
Politics

2022 Conservative Party Leadership Election. What’s at Stake for the GBP?

Truss is arguing for looser fiscal policy and tighter monetary policy, a policy stance that has historically supported strength in the underlying currency Earlier this week, we discussed the political backdrop, candidates, and expected policies for traders to watch around next month’s UK Conservative Party leadership election (see “2022 Conservative Party leadership election: Who will […]

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Business

GBP / USD Upward Correction Terminates as It May Revisit the 1.1933 Low

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP / USD Price Long-term Trend: BearishGBP / USD is in a downtrend as it may revisit the 1.1933 low. The bulls could not break above the moving averages to resume the uptrend. On June 14, the currency pair fell to the low of […]

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Business

EUR / GBP Set for Bullish Continuation as UK Political Tensions Rise

The EUR / GBP pair resumed a mild bullish tone ahead of the European session on Monday, tapping the 0.8630 top. However, this bullish traction is resisted by the risk-off sentiment emanating from Brexit and an attempted rebound by the US dollar. On Monday, British policymakers in the House of Commons passed a vote in […]

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Politics

GBP / USD: Quiet and Directionless Phase Likely to Precede Fresh Weakness:

Cable trades in a quiet and narrow-range mode in European session on Friday, with directionless action (long-legged Doji candles in past two days) extending into fourth consecutive day. Friday’s action remained unchanged on negative news as PM Johnson’s Conservatives lost two parliamentary seats, though the news are likely to add to existing problems with Johnson… […]

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Business

GBP / USD Is in a Downtrend as It Faces Rejection at 1.2360

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP / USD Price Long-term Trend: BearishGBP / USD is in a downtrend as it faces rejection at 1.2360. After the breakdown, the price movement was restricted by the 21-day SMA. The Pound will fall and break below the 1.2000 support if the bulls […]

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Politics

GBP / USD Outlook: Cable Remains Volatile and Looks for Clearer Direction Signals:

Cable eases in early Friday, following strong rebound in past two days which lost traction at the first strong obstacle at Fibo 38.2% of 1.3147 / 1.1933 descend, denting initial signal of reversal. Sterling was boosted by BOE’s rate hike by 25 basis points to 1.25% (the fifth rate increase since December) and hawkish shift […]

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Business

GBP / USD Is in the Oversold Region as It Recoups Above 1.1989

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP / USD Price Long-term Trend: BearishGBP / USD is in a downtrend as it recoups above 1.1989. In the previous price action, the Pound has been in a sideways move since May 19. On June 10, the bears broke below the 21-day SMA […]

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Analytics

Triangle Pattern on GBP / USD Ahead of S&P Global Report

The GBP / USD pair has been on a consistent decline since May 2021. It is in May 2022 after reaching an all-time low for 2022 that we started seeing some Bullishness on the pair. Fast forward to today, two important economic news are yet to be released, the S&P Global / CIPS Construction PMI […]

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Analytics

Forex Market News and Cup and Handle Pattern on GBP / JPY

The Japan Economic Watchers Index is out. And guess what, the report shows a 3.6 increase in businesses that directly serve the people of Japan. What does that mean for the Japanese currency? More in a minute. Before we proceed though, let me remind you about our new paid signals service both for Forex and […]

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Reviews

How to trade GBP / USD on June 8? Simple tips for beginners.

Analysis of Tuesday’s deals: 30M chart of the GBP / USD pair The GBP / USD pair showed a very volatile movement on Tuesday, more than 150 points per day. Formally, there was an exit from the horizontal channel, but the price returned to it very quickly. Thus, at the end of the day, we […]

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