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GBP/USD, EUR/USD Forecast: Two trades to watch

GBP/USD holds above 1.26 ahead of the FOMC minutes. EUR/USD holds above 1.08 as it waits for Fed minutes, eurozone consumer confidence.

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GBP/USD drifts lower amid a lack of data

GBP/USD struggles around 1.26, holding onto last week's losses. The pair could continue to drift lower amid a quiet UK economic calendar. This week, US FOMC minutes and UK services PMI data will be in focus.

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February 19, 2024 03:54 PM
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U.S. Dollar Price Action Webinar: DXY, Gold, Bitcoin, FX Majors

The U.S. Dollar set another fresh high yesterday, extending the bullish structure that’s priced in so far this year.

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GBP/USD Forecast: Cable at Key 1.2525 Support after Cool UK CPI

GBP/USD is the weakest US dollar cross after this morning’s cooler-than-expected UK CPI report - see what it means (and doesn't mean) for the BOE!

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February 14, 2024 04:03 PM
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U.S. Dollar Post-CPI: EUR/USD, GBP/USD, USD/JPY, XAU/USD (Gold)

The U.S. Dollar broke out and set another fresh 2024 high this morning as the currency continues to claw back Q4 losses.

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GBP/USD outlook boosted by UK wages data as focus turns to inflation

GBP supported as UK wages print 5.8% vs. 5.6% expected, but the GBP/USD outlook will now be influenced by upcoming inflation reports from both US, later today, and UK on Wednesday. US CPI is expected to print 2.9% vs. 3.4% previously.

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February 13, 2024 10:00 AM
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GBP/USD analysis: Currency pair of the week – February 12, 2024

For FX traders, this week's US CPI and retail sales are among the key data highlights. Pound traders also face busy week with several market moving data to come from the UK. GBP/USD technical analysis points modestly lower.

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EUR/USD, GBP/USD, USD/JPY: What 40+ Years of Fed Rate Cuts Tell Us About Trading Forex

Perhaps contrary to popular opinion, the start of a new Fed rate cut cycle has NOT been a consistent bearish catalyst for the US dollar. Read on to for more!

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February 8, 2024 06:25 PM
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GBP/USD outlook modestly bearish amid Fed pushback

US dollar remains in a bullish trend amid strong data and a hawkish Fed, while UK economic outlook remains highly uncertain with high inflation and interest rates. The GBP/USD was testing a key resistance zone around 1.2620-1.2650 area.

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February 7, 2024 10:33 AM

British Pound Forecast: GBP/USD Finally Breaks Down – Where Next?

GBP/USD is finally breaking out of its 7-week, 200-pip range between 1.2600 and 1.2800 on continued strength in the US dollar - see the key levels to watch next!

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February 5, 2024 07:15 PM
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EUR/USD, GBP/USD extend NFP losses, focus now on ISM, Fed and BOE

The US dollar extended Friday's NFP gains in Asia's Monday trade. But with an ISM services report and central bankers on tap, EUR/USD and GBP/USD show the potential to recoup some of their earlier losses.

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February 5, 2024 04:39 AM
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GBP/USD Forecast: BoE and Fed rate cut expectations remain in focus

GBP/USD trades range bound after Fed Powell as good as ruled out a March rate cut and after 2 BoE policymakers voted to raise rates. Rate-cut bets will remain in focus amid a relatively quiet economic calendar.

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February 3, 2024 02:00 PM
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GBP/USD, EUR/USD Forecast: Two trades to watch

GBP/USD falls post Fed rate decision and ahead of the BoE announcement. EUR/USD dropped to a 7-week low after the Fed dampened March rate cut bets and ahead of Eurozone inflation data.

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GBP/USD analysis: Currency Pair of the Week – January 29, 2024

With the FOMC and BoE rate decisions to come in mid-week, ahead of the NFP on the last day of week, the GBP/USD is set to be in for a roller-coaster ride. Are we finally going to see a breakout above 1.28 or will it drop to 1.25 handle first?

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GBP/USD, DAX Forecast :Two trades to watch

GBP/USD rises ahead of PMI data. DAX rises after another record close in the US and despite weaker German PMIs.

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January 24, 2024 09:22 AM
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USD bears have a rethink, GBP and AUD positioning diverges: COT report

The US dollar index rallied in line with last week’s bias on assumed short-covering. AUD/USD bears are retuning whilst traders pushed net-long exposure higher, making GBP/AUD longs of interest over the coming weeks.

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GBP/USD, DAX Forecast: Two trades to watch

GBP/USD falls after dismal sales. DAX rises for a second session as PPI falls.

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January 19, 2024 09:15 AM

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GBP/USD analysis: Currency Pair of the Week – January 15, 2024

Thanks to the Martin Luther King Day holiday, FX markets were quiet-ish on Monday without the participation of US banks. But things should start to pick up from Tuesday onwards. We are going to have some potentially market-moving macro data from around the world to look forward to later this week. Among these macro pointers, we will have some important UK data too, including CPI, wages and retail sales, making the GBP/USD the currency pair of the week.

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GBP/USD, Oil Forecast: Two trades to watch

GBP/USD rises after UK GDP rises, but recession risks remain. Oil rises as geopolitical tensions deepen.

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January 12, 2024 09:09 AM
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GBP/USD, USD/JPY Forecast: Two trades to watch

GBP/USD looks to BoE Governor Andrew Bailey's appearance before the Treasury Select Committee. USD/JPY rises ahead of tomorrow's US CPI data.

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GBP/USD, DAX Forecast: Two Trades to Watch

GBP/USD rises ahead of the Fed minutes. DAX struggles as the recent rate cut rally stalls.

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January 3, 2024 08:45 AM
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GBP/USD, EUR/USD Forecast: Two trades to watch

GBP/USD fall after UK inflation cools by more than forecast. EUR/USD falls despite German consumer confidence ticking higher.

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GBP/USD analysis: Technical Tuesday – Dec 19, 2023

Welcome to another edition of Technical Tuesday. In this final edition for 2023, we will get technical on the GBP/USD analysis as the pair continues to show bullish price characteristics ahead of a busy next few sessions, before the focus turns to the festive period.

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December 19, 2023 01:30 PM