Fundamental Analysis: GBP/USD has been reacting to economic data and central bank sentiment, and I expect that to continue into next week. The Bank of England’s cautious stance on interest rates is keeping traders on edge. If UK GDP and inflation...
Against its main counterparts on Tuesday, the pound sterling (GBP) surrendered an optimistic bounce prompted by UK labor market statistics. Following Bank of England (BoE) Governor Andrew Bailey's reaffirmation of his concerns on the economic...
Market Situation - EURGBP In the current market situation for the EURGBP currency pair, we observe a Fibonacci retracement grid that is set based on the previous daily candle's high at 0.83375 and low at 0.82957. At present, the market price is...
I believe that the current market situation presents an interesting opportunity to sell against the main upward movement on the hourly chart (H1). I base this on the observation that the linear regression channel on the M15 timeframe has turned...
The Australian dollar has shown modest rallies, but the impulse looks tepid. However, the real test will come when the Reserve Bank of Australia (RBA) announces its interest rate decision on Tuesday morning. This decision is expected to be an...
