Downside risks dominated the GBP/USD exchange rate on Monday. As a result, the British Pound fell by 89 pips or 0.65% against the US Dollar during Monday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions GBP/USD short-term review All things being equal,
The yellow metal's price fell by 215 points or 1.17% during Friday's trading session. The decline was stopped by the 200– hour simple moving average at 1811.00 on Friday. Economic Calendar Analysis Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event Historical Reactions XAU/USD short-term forecast The commodity
The GBP/USD currency pair failed to surpass the resistance levels formed by the 55-, 100– and 200– hour SMAs on Friday. As a result, the exchange rate fell by 97 pips or 0.70% during Friday's trading session. Economic Calendar Click on the link below to find out more about the data releases of this and other currency exchange rates. 19.07.-23.07. Event
The GBP/USD failed to pass the resistance zone near the 1.3900 level. Namely, the rate bounced off exactly the 1.3900 mark. This was followed by a decline to the support zone of the July 13 and 14 low levels just above the 1.3800 mark. Meanwhile, note that, by large, the rate ignores the hourly simple moving averages. Economic Calendar The week
During early Thursday's trading hours, the GBP/USD currency exchange rate traded in the 1.3820/1.3870 range. Meanwhile, the pair ignored the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.3853. Economic Calendar On Thursday, the weekly US Unemployment Claims could cause minor USD moves. The week will end with the US Retail Sales data at 12:30 GMT. Click
The GBP/USD traded with high volatility due to the US CPI release on Tuesday. However, on Wednesday, the rate had recovered and appeared to be set for another test of the resistance zone above the 1.3900 mark. Economic Calendar On Thursday, the weekly US Unemployment Claims could cause minor USD moves. The week will end with the US Retail Sales data at
On Tuesday, the GBP/USD made another attempt to pass the zone above the 1.3900 mark. In the meantime, the rate revealed on Monday that the zone near 1.3840 manages to provide support. Economic Calendar On Tuesday, the US Consumer Price Index at 12:30 GMT is expected to impact all USD traded assets and currency pairs. On Wednesday, at 06:00 GMT the UK
During the early hours of this week's trading, the GBP/USD currency exchange rate bounced off the resistance of a zone that surround the 1.3900 level. By the middle of Monday's trading, the rate was expected to look for support near the 1.3850 level. Economic Calendar On Tuesday, the US Consumer Price Index at 12:30 GMT is expected to impact all USD
On Thursday, the British Pound fell by 51 pips or 0.36% against the US Dollar. The currency pair was pressured lower by the 55– hour simple moving average during Thursday's trading session. Economic Calendar On Friday, the BOE Gov Bailey Speaks at 10:00 GMT could cause some move on GBP pair and commodity price charts. Click on the link below
The British Pound declined by 62 pips or 0.45% against the US Dollar on Wednesday. The currency pair pierced the support level at 1.3774 during yesterday's trading session. Economic Calendar On Thursday, the US Unemployment Claims at 12:30 GMT could cause a minor move on USD pair and commodity price charts. Click on the link below to find out more about
On Tuesday, the British Pound declined by 116 pips or 0.84% against the US Dollar. The exchange rate breached the 55-, 100 and 200– hour SMAs during Tuesday's trading session. Economic Calendar On Wednesday, at 18:00 GMT, the Federal Open Market Committee is set to publish its Meeting Minutes. Note that it will be just the meeting minutes for the previous
The British Pound edged higher by 43 pips or 0.31% against the US Dollar on Monday. The currency pair breached the 200– hour simple moving average at 1.3859 during Monday's trading session. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD pairs. However, note that during most times the
On Friday, at 12:30 GMT, the US statisticians published monthly employment data, which caused a decline of the US Dollar. The initial decline was followed up by an extension of the fall of the value of the US Dollar. On the GBP/USD charts it resulted in a move upwards. By the middle of Monday's trading hours, the rate had reached the
The 1.3820 level provided enough resistance for the GBP/USD to pass below the lower trend line of the channel down pattern, which guided the rate since June 23. During Friday's trading hours, the rate fluctuated sideways near the 1.3750 mark. Economic Calendar On Tuesday, the US ISM Services Purchasing Managers Index release at 14:00 GMT could cause a minor move on USD
The decline of the GBP/USD has reached the 1.3800 level, which provided support for a retracement back up to the 1.3840 level. During the early hours of Thursday's trading, the pair fluctuated between the mentioned levels. In the near term future the rate could either trade sideways between the mentioned levels or make a move up or down. Economic Calendar On Thursday,
The GBP/USD passed the support of the 1.3860 level and declined to the support of the lower trend line of the channel down pattern. The trend line provided the pair with enough support for a recovery to the 1.3860 level. The 1.3860 mark managed to provide enough resistance for the pair to decline. By the middle of Wednesday's trading, the
The GBP/USD bounced off the combined resistance of the upper trend line of the channel down pattern, the 100 and 200-hour simple moving averages on Monday. On Tuesday, the rate had retreated to the support of the 1.3860 level, which provided support on June 22. Economic Calendar On Thursday, the US weekly Unemployment Claims at 12:30 GMT could cause a minor USD
On Monday, a channel down pattern was spotted. The pattern was formed in the aftermath of the rate passing the resistance of the 1.3940 level and testing the 1.4000 mark. In the meantime, note that the pattern's upper trend line was being strengthened by the resistance of the 200-hour simple moving average. Economic Calendar This week note the US ISM Manufacturing
In the aftermath of the US Federal Reserve caused drop, the GBP/USD began a recovery, which appeared to have ended on Tuesday. Namely, the rate declined from a resistance zone just below the 1.3950 level, as soon as it was being approached from above by the 100-hour simple moving average. Economic Calendar On Wednesday, at 08:30 GMT the UK Markit PMIs
On June 16, the US Federal Reserve published the Federal Open Market Committee's Statement, Economic Projections and Federal Funds Rate. The main news that the markets reacted to was the revelation in the Economic Projections that the central bank could hike interest rates in 2023, as it expects an end to the coronavirus and growth of inflation. As a
The GBP/USD pierced the support of the June low levels and shortly traded near the 1.4040 level. Afterwards, the pair returned to trade near the 1.4080 level. On Wednesday morning, the rate began a surge, which reached above the 1.4100 level. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and US Producers Price Indices are expected to
The GBP/USD failed to pass the combined resistance of the 55, 100 and 200-hour simple moving averages and the weekly simple pivot point in the 1.4120/1.4138 zone. On Tuesday, the rate had retreated to the support zone of the June low levels. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and US Producers Price Indices are expected
On Monday morning, the GBP/USD reached the June low level zone at 1.4075/1.4085. The near term future was dependent on what would happen at this level. Economic Calendar On Tuesday, at 12:30 GMT, the US Retail Sales and US Producers Price Indices are expected to be released. The Retail Sales have caused moves from 14.0 to 22.6 pips since January. The
On Thursday, the British Pound edged higher by 90 pips or 0.64% against the US Dollar. The currency pair returned to the 1.4185 area during Thursday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the