Pound Sterling 1.3200 ke qareeb US Dollar ke muqable mein sideway trade kar raha hai, jabke investors July ke US core PCE inflation data par focus kar rahe hain. Fed ki Mary Daly ne agar US labor market kharab hoti hai tou aggressive policy easing ke darwazay khulay rakhe hain. British shop price inflation August mein kaafi slow ho gayi.
Pound Sterling (GBP) ne Tuesday ki London session mein US Dollar (USD) ke muqable mein 1.3200 ke qareeb apne gains ko qaboo mein rakha hai. GBP/USD pair pichlay haftay ke tezi se hone wale izafay ke baad thoda aram kar raha hai, jabke investors Federal Reserve (Fed) ke interest rate cut ke September mein hone ke baray mein naye isharaat ka intezar kar rahe hain.
CME FedWatch tool ke mutabiq, 30-day Federal Funds Futures pricing data dikhata hai ke September mein 50-basis-points (bps) interest-rate cut ki probability 28.5% hai, jabke baaqi ka zyada rujhan chhoti cut 25 bps par hai. Yeh tool waazeh taur par dikhata hai ke Fed ka policy normalization par wapsi market mein fully price in ho chuki hai, jis se US Dollar pichlay aik haftay se pressure mein hai.
US Dollar Index (DXY), jo Greenback ke value ko chhe major currencies ke muqable mein track karta hai, 101.00 ke immediate resistance se neeche subdued performance dikhata hai.
Monday ko San Francisco Fed Bank President Mary Daly ne September mein interest rates cut karne ki zaroorat par zor diya. Daly ne 25 bps interest rate cut ki support ki lekin sath hi agar labor market kharab hota hai tou aik badi cut ke liye bhi darwazay khulay rakhe, Bloomberg par interview ke doran kaha.
Investors ka yakeen barh gaya hai ke Fed September se interest rates kam karna shuru kar dega jabke Fed Chair Jerome Powell ne apni Jackson Hole (JH) Symposium mein kaha ke ab waqt hai ke policy ko adjust kiya jaye. Jerome Powell ne easing labor market conditions par bhi fikr ka izhar kiya aur isay support karne ka irada kiya.
Is haftay investors United States (US) ke core Personal Consumption Expenditure Price Index (PCE) data ke baray mein bohat ghoor se dekh rahe hain jo Friday ko publish hoga. Annual core PCE 2.7% tak barhne ka andaza hai pehle ke 2.6% release se, jabke mahwari figures mein stable growth 0.2% tak dekhne ko milegi. Is se pehle, US economic calendar Tuesday ko S&P/Case-Shiller Home Price Indices for June aur The Conference Board’s gauge of Consumer Confidence for August release karega.
Pound Sterling apni major peers ke muqable mein, Asia-Pacific currencies ke ilawa, Tuesday ko mazbooti dikhata hai. British currency apni upbeat market sentiment aur United Kingdom (UK) mein behtar hoti hui economic outlook se faida utha raha hai. Economic prospects behtar hue jab flash S&P Global/CIPS PMI ne dikhaya ke manufacturing aur service sectors dono mein August mein tez taraqi hui.
Bank of England (BoE) ke September mein interest-rate cut ke khilaf kam hoti hui betting ne bhi Pound Sterling ke attractiveness mein izafa kiya hai. Is scenario ka possibility kam hai kyun ke BoE ke officials expect kar rahe hain ke inflation dobara barh sakti hai, halan ke pipeline mein price pressures abate ho rahe hain.
British shop prices August mein October 2021 ke baad pehli baar kam hui, British Retail Consortium (BRC) ke data ne Tuesday ko report kiya. Non-food goods ke prices 1.5% tak ghat gaye summer clothes ki slow sales ki wajah se, jo teen saalon mein sab se bara fall hai. Food prices ne bhi dheere pace par barhna shuru kiya, 2.0% tak, jo ke November 2021 ke baad se sab se chhoti rise hai, July ke 2.3% se neeche.
Pound Sterling ne US Dollar ke muqable mein naya do-an-a-half saal ka high 1.3200 par banaya. GBP/USD pair strong ho gaya jab weekly time frame par Rising Channel chart formation ka breakout deliver kiya. Agar bullish momentum dobara start hota hai tou Cable ke February 4, 2022 ke high 1.3640 tak barh sakne ka chance hai.
Upward-sloping 20-week Exponential Moving Average (EMA) jo ke 1.2766 ke qareeb hai, strong upside trend ka ishara deti hai.
14-period Relative Strength Index (RSI) bullish range 60.00-80.00 mein oscillate kar raha hai, jo ke strong upside momentum ko suggest karta hai. Lekin, yeh 70.00 par overbought levels tak pohanch gaya hai, jo ke corrective pullback ke chances barhata hai. Neeche ki taraf, psychological level 1.3000 Pound Sterling bulls ke liye crucial support hoga.
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