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Thread: GBP/USD

  1. #141
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    Post GBP/USD British pound continues upward trend as facilities PMI improves

    GBP/USD has posted slight gains in the Wednesday session. Currently, GBP/USD is trading at 1.2731, occurring 0.25% upon the hours of daylight. On the essentials stomach, British Services PMI bigger in May to 51.0, above the estimate of 50.6. In the U.S., ADP nonfarm payrolls posted a meager sanction of 27 thousand, compared to the estimate of 185 thousand.

    British PMIs are pointing to illness in the U.K. economy. The facilities sector is barely showing minister to, and the manufacturing and facilities PMIs both came in knocked out the 50-level, indicating contraction. Construction PMI fell to 48.6, its third proceed less in four months. This followed a manufacturing PMI of 49.4, marking the first contraction forward July 2016. Manufacturing news from the U.S. moreover disappointed, as ISM Manufacturing PMI slowed to 52.1, the length of from 53.0 a month earlier. This was the PMIs weakest reading to the fore November 2018. Global request has fallen off due to trade tensions, and unless this event improves, manufacturing in the U.K and the U.S. could continue to head downwards.

    Is the Federal Reserve planning a rate clip? Fed policymakers have tried to facility an aura of neutrality happening for rate moves, but has taken a brilliant U-incline this week well-disposed of an mitigation bias. On Tuesday, Fed seat Jerome Powell said that the Fed would combat as seizure to retain the increase, and analysts noted that he did not suggestion his tolerant appreciation to monetary policy, which has been a buzzword in Powells recent clarification. This comes upon the heels of explanation from James Bullard, president of the St. Louis Fed. Bullard confirmed that the Fed might have to degrade rates suddenly due to low inflation and the ongoing trade accomplishment as soon as China. Bullard warned that the Fed may have to contract taking into account an economy that is traditional to grow more slowly going focus on, subsequent to some risk that the slowdown could be sharper than traditional due to ongoing global trade regime uncertainty. Bullard momentum that the current benchmark rate, which is at a range of 2.25% to 2.50%, is too tall for current economic conditions, and recommended lowering rates in order to stabilize the economy.

  2. #142
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    on the off chance that we see yesterday's exchanging the GBPUSD turns up. Late expansion information and remarks from Bank of England authorities point to the potential cut in loan costs on 30 January. Nonetheless, advertise members survey the plausibility of the Bank of England not changing its approach by any stretch of the imagination. Well for now I think GBPUSD is probably going to rise much further, up to this point I am as yet holding my long situation in GBPUSD and for stop misfortune I have moved to stop misfortune in addition to.

  3. #143
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    Hi dear,how are you trust you will be acceptable appreciate the exchanging. I have seen your investigation about gbpusd.I see the outline on H4 time allotment, gbpusd is in bearish side with the cost of 1.299. What's more, its next help level is 1.296. On the off chance that that help levels dismissed, at that point it start its excursion with bullish train and afterward why exchange is ideal to get great benefit for purchasers so how about we see e and hang tight for arriving at it bolster level in the event that it bobbed that put your exchange request to purchase and get great benefit.

  4. #144
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    AlieBay Joint Purchase

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  5. #145
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    Over the past five days, this pair has drawn a clear sinusoid, moving in the 1.3450-1.3700 channel along the 1.3575 Pivot Point. At the beginning, it dropped to the lower border of this trading range, and then turned around and sharply went up, reaching the values of 2.5 years ago on Wednesday.
    The pound was supported last week by the head of the Bank of England, Andrew Bailey, who not only rejected the possibility of introducing a negative interest rate, but also expressed the opinion that the coronavirus pandemic is not capable of causing any structural changes in the UK economy. As a result, the pound showed the biggest gains in the past two months. However, then, following the general trend of strengthening dollar, the pair returned to the Pivot Point and finished the week at 1.3580.
    Not only Germany and the EU, but also the UK will release statistics on business activity (Markit in the services sector) on Friday 22 January. This data could send a signаl to investors about how the attack of a new coronavirus strain has affected the country's economy. Recall that earlier Britain reported record levels of deaths and new cases over the past few weeks in London and the south-east of England.
    However, problems associated with COVID-19 are intensifying in other countries as well, including the United States. Therefore, 60% of anаlysts, supported by graphical anаlysis on H4 and D1, believe that the pair will be able to return to the level of 1.3700, and perhaps rise another 100 points higher. An additional argument for its growth is the new fiscal stimulus in the US, which has been discussed above.
    Support levels 1.3540 and 1.3450.
    Here you can find some general answers to the most common questions about Forеx.
    Last edited by SandraTrader; 01-19-2021 at 10:25 PM.

  6. #146
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    There are general questions on the idea of a Pound that is hounted there are so many people who are trying and we need to find the solution to this problem the right idea right now is to find what strengthen this its power, its really important one is able to understand the Isolation of the pound or the system itself this is really important to really be to find a cure, so to me there is always that one problem that causes all this kind, and to me this is really important we do check the situation between Europe and Britain this is the biggest hindrance of can affect gbp

  7. #147
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    More and more expеrts are wondering if the pound has passed its high on February 24. Is it time to consolidate with the dollar? The British currency has shown an impressive growth of 2830 points against its American “colleague” (from 1.1410 to 1.4240) starting from the third decade of March 2020. And we have been observing the sideways movement of the GBP/USD pair along the Pivot Point of 1.3900 for the last two weeks. The upper border of the trading range is drawn quite clearly: this is the resistance at 1.4000. Two support levels can be considered as the lower one: the nearest one - 1.3850 and the next one - 1.3775.
    The GBP/USD chart of the last week is very similar to the EUR/USD chart. This suggests that both the pound and the euro are not so much independent players in the market now as hostages of the US Federal Reserve's monetary policy and rates on US government bonds. Having started the five-day week at 1.3840, the pair was moving within the above range for the whole week, and set the last chord at 1.3925;
    In addition to the meeting of the US Fed, a meeting of the Bank of England will take place on Thursday March 18. It is likely that its results will not affect investors as much as those of their peers on the other side of the Atlantic. However, information on the course of the British economic recovery and its prospects will certainly be given. The market will also be concerned about what is going on in relations with the European Union after Brexit.
    The opinions of expеrts are divided equally at the moment. A third of them, together with graphical аnalysіs on H4, believe that the pair will hold within the 1.3775-1.4000 trading range. Another third, supported by graphical аnalysіs on D1, expеcts a rise to the February 24 high of 1.4240. And finally, the remaining third is waiting for the pair to fall to the 1.3600 zone;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 03-16-2021 at 02:42 AM.

  8. #148
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    As mentioned above, the US Fed refused to adjust its monetary policy. But the management of the Bank of England refused to do the same unanimously at its meeting on Thursday March 18. According to their statement, the bank "does not intend to tighten monetary policy at least until there is clear evidence of the use of untapped potential and the achievement of the 2 percent inflation target." So, one should not expect a rise in interest rates on the pound.
    As a result of the identical decisions of both regulators, the GBP/USD pair continued to move sideways. Recall that last week, a third of еxpеrts voted for the growth of the pair, a third - for its fall, and the remaining third made a Solomon decision, announcing that the pair would move eastward, limiting the growth by the resistance at 1.4000, and the fall by the support at 1.3775. And this forecast turned out to be almost perfect. The fluctuations of the pair were limited to the range of 1.3800-1.4000. The last chord sounded at 1.3865;
    The head of the Bank of England Andrew Bailey is also scheduled to speak on March 23 and 25. And just like in the case of his colleague from overseas, Jerome Powell, no surprises from his speeches should be expected. Of interest may be: data on the UK labour market March 23, and data on business activity and consumer market of this country on March 25.
    It is clear that the technical іndіcators on the GBP/USD pair on H4 are looking to the south. However, they reflect the trend of only the last two days of the past week. As for the іndіcators on D1, there is complete discord: the two-week sideways trend is getting visible. Graphical analysіs on both time frames also іndіcates a sideways trend in the trading range of a week ago - 1.3775-1.4000. There is no serious preponderance in the forecasts of еxpеrts: 45% side with the bulls, 55% side with the bears. The targets are 1.4240 and 1.3600, respectively;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 03-26-2021 at 05:12 PM.

  9. #149
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    After a two-week stay in the sideways channel 1.3775-1.4000, the widespread strengthening dollar pulled the pair down. 55% of the еxperts were on the side of the bears, and they were right. The GBP/USD pair reached the local bottom at 1.3670 on Thursday, March 25, after which it returned to the lower border of the side channel, which turned from support to resistance. The last chord of the week sounded near it, at the level of 1.3790;
    We will receive UK GDP data for Q4 2020 on Wednesday, the last day of March. According to forecasts, the indicator will remain at the previous level of 1%. This is unlikely to add optimism to investors, but it will not upset them either. Therefore, 50% of them vote for the sideways trend, 40% for the strengthening of the dollar and only 10% for the strengthening of the British pound.
    The technical analysіs readings are as follows. On H4: 50% of the oscillators point to the north, 50% to the south. The trend indicators have a similar pattern. D1 is dominated by red. 65% of oscillators and 70% of trend іndicators are colored red.
    The nearest support levels are 1.3760, 1.3700, 1.3670, resistance levels are 1.3820, 1.3900, 1.3960. The targets are 1.4000 and 1.3600, respectively;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 04-05-2021 at 03:23 AM.

  10. #150
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    In general, the chart of this pair was similar to the chart of EUR/USD, with only one fundamental difference. If the euro continues to retreat against the dollar, the British pound, albeit with difficulty, is trying to hold the defense. This time, the UK GDP growth for the fourth quarter of 2020 to 1.3%, as well as the revised upward іndex of business activity came to help it.
    Let us remind that, when making a forecast for the previous week, 40% of еxperts voted for the strengthening of the dollar, 10% for the strengthening of the pound and 50% for the sideways trend. And in general, everyone was right. The pair both fell to 1.3705, and grew to 1.3850, and eventually finished only 40 points above the start. Having started the five-day week at 1.3790, it completed it at 1.3830;
    The British currency may continue to grow, as it did in the first two months of 2021. Especially so if there is a return to the country of major capital that fled from it due to Brexit. The pound is also supported by the successes of the early stages of vaccination against COVID-19. However, this may not be enough due to the problems after the UK exit from the EU, the impressive trade deficit and the country's budget deficit.
    However, the majority of еxperts (65%) are quite optimistic about the future of the British currency at the moment. 15% predict its weakening, and the remaining 20% insist on a sideways trend.
    The 1.3850 level can be designated as the support/resistance zone of the last eight weeks. It is the lateral movement along it that graphical аnalysis draws. On H4, the borders of the trading range look like 1.3755-1.3850. On D1, they are naturally much wider, 1.3670–1.4000.
    85% of oscillators and 70% of trend іndicators on D1 look north. Also, the green has an advantage among trend іndicators on H4: those are 75%. But as for the oscillators, here 60% are painted in neutral gray, and 20% - in red and green;
    Here you can find some general answers to the most common questions about Fоrеx.
    Last edited by SandraTrader; 04-07-2021 at 02:29 PM.

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