The publication of the Core PCE Price Index has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies. On the GBP/USD charts it has resulted in a test of the 1.2300 mark. The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining
On Wednesday, the GBP/USD reacted to fundamentals. In general, the pair initially reached below the 1.1940/1.1960 zone, before finding support in the 1.1900 mark. Afterwards, comments made by the head of the US Federal Reserve caused a surge of the pair, as the USD lost value. By the middle of Thursday's trading hours, the pair had reached above 1.2100. Economic Calendar On
The 1.1940/1.1960 zone has continued to hold and the GBP/USD remains near the 1.2000 level. Meanwhile, the 50 and 200-hour simple moving averages have revealed that they are not impacting the currency exchange rate. Economic Calendar The day will end with a speech of the US Federal Reserve Chairman Jerome Powell at the Brooking Institution in Washington at 18:30 GMT. On Thursday, note
The GBP/USD currency pair has found support in the zone near 1.1950. This zone has acted as support and resistance since November 16. Economic Calendar Starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the CB Consumer Confidence could impact the US Dollar's value. On Wednesday, various US events are expected to cause market moves.
On Thursday, the GBP/USD was eventually stopped an reversed by the 1.2150 level. The decline of the Pound against the US Dollar found support in the 50-hour simple moving average at mid-day on Friday. Economic Calendar This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental events will start to impact the financial markets. At 15:00 GMT, the
The release of the worse than expected US Unemployment Claims and Purchasing Managers Indices caused a decline of the US Dollar during the second part of Wednesday's trading. The fundamental push was enough to cause a surge of the GBP/USD above the resistance zone near 1.1950. Economic Calendar This week notable events are over. Next week, starting with Tuesday, the scheduled fundamental
The combination of the 50 and 100-hour simple moving averages together with the weekly simple pivot point failed to hold. The levels were passed and started to act as support. During the first part of Wednesday's European trading hours, the GBP/USD was approaching the resistance zone near 1.1950, as the weekly simple pivot point provided support at 1.1876. Economic Calendar On Wednesday,
As the 200-hour simple moving average approached the GBP/USD rate from below, a recovery started. The recent low and the November 17 low level have been marked as a support zone. On Tuesday morning, the pair reached the combined resistance of the 50 and 100-hour simple moving averages near 1.1855/1.1865. Economic Calendar On Wednesday morning, at 09:30 GMT, the UK Flash Manufacturing
The 1.1950 eventually provided enough resistance for the GBP/USD pair to decline. On Monday, the pair was finding support in the 1.1800 mark. Economic Calendar On Wednesday morning, at 09:30 GMT, the UK Flash Manufacturing and Services PMIs might impact the pair through an adjustment of the Pound's value. On Wednesday, at 13:30 GMT, the financial markets might react to the US Durable
Since Tuesday, the GBP/USD currency exchange rate has been pushed up by the 50-hour simple moving average. The SMA has been strong enough to force the rate through the resistance of the 1.1900 mark. Economic Calendar Next week, the Euro's value might adjust to the Wednesday's publication of the European Services and Manufacturing Purchasing Managers Indices in the span from 08:15 up
In the aftermath of bouncing off the weekly R1 simple pivot point at 1.2026, the GBP/USD found support in the combination of the 1.1800 level and the 50-hour simple moving average. On Thursday morning, the recovery of the pair encountered resistance in the 1.1900 level. It could be clearly observed that round levels impacted the currency pair. Economic Calendar This week, the
Despite an initial boost due to the markets seeing something dovish in the US Federal Reserve Rate statement, as the US Federal Reserve Chairman Jerome Powell explained the position of the central bank, the GBP/USD plummeted below 1.1400. Next up, watch the reaction from the Bank of England rate hike. Economic Calendar On Thursday, the Bank of England is scheduled to also hike
The GBP/USD has passed below the combined support of the lower trend line of a channel up pattern, the 1.1550 level and the 50-hour simple moving average. In the near term future, the pair is expected to find support and resistance in round exchange rate levels. Economic Calendar During the week, it is all about the US Dollar associated fundamental data, surveys
In general, the GBP/USD encountered resistance in the weekly R2 simple pivot point at 1.1644. A decline followed, and at mid-day on Thursday, the 1.1550 level provided support and a surge started. At the time of writing, 14:30 GMT, the rate was heading to once again test the weekly R2 at 1.1644 and the 1.1650 level. Economic Calendar On Friday, the US
The recovery of the Pound against the US Dollar continues on, as on Wednesday morning the rate reached above the 1.1600 mark. Economic Calendar On Thursday, the Euro will react to the European Central Bank's announcement of the Main Refinancing Rate and the follow up press conference. The publication of the rate and monetary policy statement is scheduled for 12:15 GMT. The
On Monday, the GBP/USD was facing the resistance of the 1.1400 level and the support of the 1.1300 level. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15 up to 08:00 GMT. The UK data will be out at 08:30 GMT. US results will be published
As the UK Prime Minister resigned, the Pound initially surged and reached above 1.1300. However, the spike upwards was followed by a decline. By the middle of Friday's trading, the pair had almost reached the 1.1100 mark. Economic Calendar On Monday, look out for the Markit Services and Manufacturing sector Purchasing managers Indices. The European release is set to occur from 07:15
The decline of the Pound against the US Dollar has continued, as on Thursday morning the pair approached the 1.1150 level and the weekly simple pivot point at 1.1160. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal
The GBP/USD pair reached below the support of the channel up pattern, which afterwards turned into resistance. Once the pair approached the combined resistance of the 1.1350 level and the trend line, a decline started. At 06:00 GMT the decline increased due to the publication of the UK Consumer Price Index. It was revealed that year-on-year basis inflation in September
On Thursday, the GBP/USD currency pair reached above the 1.1400 mark and almost reached the 1.1450 level. However, before reaching the 1.1450 level, the GBP started a decline against the USD. During the early hours of Tuesday's trading, the pair as finding support in the 1.1300 level. Meanwhile, it was spotted that the rate has been surging in a channel
The Friday's decline of the GBP/USD pair found support in the 1.1150 level. By the start of Monday's European trading, the rate had recovered to the 1.1300 mark. Economic Calendar This week, there is only one notable scheduled event, which could impact the US Dollar and the financial markets. On Thursday, a minor move could occur due to the Philadelphia Federal Reserve
The GBP/USD currency exchange rate eventually surged after the US CPI release. The surge found resistance in the 1.1350/1.1375 zone, before starting a decline on Friday's morning. Economic Calendar On Friday, at 12:30 GMT, the US Retail Sales data could also impact the financial markets. GBP/USD short-term view An extension of the ongoing decline could look for support in the combination of the
Prior to the US Consumer Price Index release, the GBP/USD approached the resistance zone at 1.1175/1.1180. Future direction depends on the US CPI at 12:30 GMT. Economic Calendar On Thursday, the top event of the week will take place. The United States Consumer Price Index is scheduled to be published at 12:30 GMT. On Friday, at 12:30 GMT, the US Retail Sales
Announcements made by the Bank of England to pension funds and the broader markets increased the Pounds volatility. On the GBP/USD charts the result was a surge up to 1.1175/1.1180 and a follow up decline down to 1.0920/1.0935. On Wednesday morning, the currency pair had recovered to the combined resistance of the 1.1050 level and the 50-hour simple moving average. Economic Calendar This