GBP forecast week 35.pressure from USD interest rate hike
⚡️GBP/USD lost its traction and touched its weakest level in 10 weeks below 1.2550 before correcting slightly higher. The renewed US Dollar strength following Fed Chair Powell's speech at Jackson Hole weighs on the pair, which remains on track to end the week deep in negative territory.⚡️
⚡️Krado thinks the pair's downtrend will continue until mid-September, when the UK releases 2 important news⚡️
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
⚡️Krado thinks the pair's downtrend will continue until mid-September, when the UK releases 2 important news⚡️
⚡️Share your ideas with Krado, I'm looking forward to it⚡️
Ghi chú
⚡️Signals Fed will raise rates if necessary, keep rates high Do you think the Fed will raise rates again in 2023?⚡️Ghi chú
⚡️The president of the world's most powerful central bank says the Fed will remain crucial in setting its target of re-targeting 2%. The fight is not over yet and the Fed "has a long way to go" to control inflation at the level the Fed wants.⚡️Ghi chú
⚡️Are you ready for a new week of success?⚡️Ghi chú
⚡️Moving ahead, there isn't any relevant market-moving economic data due for release on Monday and the UK banks will remain closed in observance of the Summer Bank Holiday⚡️Ghi chú
⚡️The pair benefits t from a modest US Dollar retreat, as China's policy support measures boost risk appetite. Light trading is likely to extend due to the UK Summer Bank holiday. ⚡️Ghi chú
⚡️Weak GBP while USD consolidates puts downward pressure on GBP/USD⚡️Ghi chú
⚡️Powell also reiterated on Friday that the Fed was likely to keep U.S. interest rates higher for longer, with recent resilience in the economy giving the central bank more headroom to do so. ⚡️Ghi chú
⚡️The greenback came off a near three-month peak this week amid some profit taking, while benchmark U.S. Treasury yields also eased off over 20-year highs.⚡️Ghi chú
⚡️Pound Sterling struggles although interest rates need to stay higher in the long ⚡️Ghi chú
⚡️ In a week without much major UK data, ANZ expects GBP to consolidate its position.Ghi chú
⚡️The goal is not far away.Ghi chú
⚡️Pound Sterling jumps to near 1.2700, supported by a risk-on mood.UK housing demand drops sharply due to rising mortgage rates.
Investors hope that policy divergence between the Fed and BoE will vanish this month.
⚡️Even though it broke the resistance zone, the buying force has decreased and the possibility of returning is very high
Giao dịch được đóng thủ công
⚡️GBPUSD has broken out of the critical 1.26500 support area, and headed towards the strong resistance of 1.28000Ghi chú
⚡️GBP/USD looks to approach 1.2800, focus on US PCEGhi chú
⚡️The UK's FCA states that UK savings account holders can take advantage of higher interest rates.Ghi chú
⚡️Mixed US nonfarm payrolls data initially failed to boost USD, but ISM manufacturing PMI lifted sentimentGhi chú
⚡️UK business activity remains in contraction, but inflation nears 7%, complicating BoE’s next move.Ghi chú
⚡️UK FinMin Hunt expects slower inflation despite September’s blip, challenging BoE rate hikes.Ghi chú
⚡️Pound Sterling attempts recovery from below 1.2600 but still remains fragile as factory activities weaken further.Ghi chú
Ghi chú
⚡️S&P Services PMI increased to 49.5 vs. estimates of 48.7 but remains below the 50.0 threshold.Ghi chú
⚡️In the view of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD does not rule out a break below the 1.2500 support in the near term.Ghi chú
⚡️Actual PMI news is larger than forecast, good prospects for USDGhi chú
⚡️My plan was rightĐóng lệnh: đạt mục tiêu
Ghi chú
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