GBPUSD=X - GBP/USD
| Previous close | 1.301 |
| Open | N/A |
| Bid | 1.301 |
| Day's range | 1.301 - 1.301 |
| 52-week range | 1.1959 - 1.3510 |
| Ask | 1.301 |
- FX Empire
GBP/USD Weekly Price Forecast – British Pound Continues To Look Choppy
The British pound went back and forth during the course of the week, as we get a lot of push back and forth from both buyers and sellers. The Friday session had a very poor retail sales figure release, and that of course weighed upon the market.
- FX Empire
GBP/USD Price Forecast – British Pound Suffers Retail Sales Shock
The British pound pulled back after initially trying to rally during Friday as the retail sales numbers were miserable in the United Kingdom. That being said, we are still very much in an uptrend and it will be interesting to see whether or not we can continue.
- FX Empire
GBP/USD Daily Forecast – UK Retail Sales Miss Spurs Rate Cut Speculation
Retails sales in the UK were much worse than analysts expected, fueling rate cut expectations and putting Sterling under pressure.
- FX Empire
GBP/USD Bullish ABC Zigzag Pattern in Contracting Triangle
GBP/USD showed a bullish bounce at the 88.6% Fibonacci retracement level and also made a bullish breakout above the resistance trend line
- FX Empire
GBP/USD – Pound Inching Towards 1.31, Chinese Yuan Rises
The British pound is steady, but could receive a boost if retail sales delivers a solid gain (release on Friday at 9:30 GMT). The story of the week has been the Chinese yuan, which has climbed to a 7-month high against the U.S. dollar.
- FX Empire
GBP/USD Price Forecast – British Pound Continues To Try To Break Out To Upside
The British pound rallied a bit during the trading session on Thursday in order to break above the gap that had formed at the beginning of the week. Now that that gap has been filled, it becomes a question as to whether or not it will hold.
- FX Empire
Onward and Upwards
With significant downside risks to the global economy turned aside, and worries over a possible recession diminishing, there is a sprouting belief supported by evidentiary proof in the data that global growth could gain momentum over the coming months.
- FX Empire
China’s Economy Holds Steady as Focus Shifts to the GBP and the USD
UK retail sales figures and a busy U.S calendar put the GBP and USD in focus.
- FX Empire
Dire Data out of the UK And the Trade Deal Test the Pound and Risk Appetite this Week
It was a busy 1st half of the week for the markets. Trade and economic data were in focus.
- FX Empire
GBP/USD Daily Forecast – Sterling Recovers To Close Weekly Gap
GBP/USD has benefitted from a weaker dollar and has recovered to close the gap from this week’s open.
- FX Empire
GBP/USD – Pound Yawns as Inflation Slips to 1.3%
The pound has remained steady this week, despite some dismal economic data. GDP declined by 0.3% in November and inflation slowed to 1.3% in December. If the soft economic numbers keep coming, the pound could find itself in 1.29 territory in a hurry.
- FX Empire
U.S Retail Sales and Philly FED Manufacturing Numbers Keep the Dollar in Focus
Economic data from the U.S will be in focus later today, with stats out of the Eurozone on the lighter side.
- FX Empire
GBP/USD Price Forecast – British Pound Continues To Show Support
The British pound initially fell during the trading session on Wednesday, but then turned around to show signs of support. The 50 day EMA is an area that causes a lot of attention as well.
- FX Empire
GBP/USD Daily Forecast – Sterling Struggles to Hold Above 1.3000 as Rate Cut Talks Continue
GBP/USD attempted a recovery a Tuesday but has fallen under pressure once again after BoE’s Saunders discussed easing policy.
- FX Empire
Is the US/China Trade Deal Being Just A Detente?
There were very mixed headlines to start the day. US drafting rules to block more sale to Huawei while China vows to punish firms who infringe on trade secrets, according to the New York Times. But I think after two years of trade war noise, hopefully the markets have learned to take all the bluster with a grain if not a barrel of salt.
- FX Empire
Economic Data and Geopolitics Put the GBP and USD in the Limelight
It’s a busy day ahead, with inflation figures out of the UK and the phase 1 trade agreement signing in focus today.
- FX Empire
GBP/USD Price Forecast – British Pound Building Support Against Greenback
The British pound has fallen initially during the trading session on Tuesday but have also turned around to show signs of support again. That being the case, you should pay attention to the 50 day EMA which is looking very likely to offer interest by traders.
- FX Empire
Three Major Currency Indexes and Three Great Trading Occasions. USDX, EURX and GBPX
Today, we will analyze the technical situation on three currency indexes. Analyzing an index is a great option to check the general sentiment towards one particular currency. We can later use it to trade many other interesting instruments.
- FX Empire
GBP/USD Daily Forecast – Sterling Holds Near Important Support Level
The British pound is been under pressure in the early week after a weak GDP reading on Monday, however, the pair has not made a clear break of notable support.
- FX Empire
GBP/USD Testing Key 1.2950 Support Zone of Triangle
GBP/USD is testing the Fibonacci retracement support levels of wave C, which is a key decision zone for a bullish reversal or bearish breakout.
- FX Empire
GBP/USD- Pound Pushes Above Key 1.30 Level
The pound has clawed its way back above the 1.30 line. Still, this week’s soft GDP release underscores a weak British economy, which could dampen investor sentiment towards the pound.
- FX Empire
Market News Report: January 13, 2020 – January 17, 2020
The Middle East crisis continued to escalate in the first half of last week. But then the fears have diminished and investors were awaiting Friday’s monthly jobs data release. Will the coming week bring some interesting news events? Let’s take a look at the details.
- FX Empire
China Imports and Exports Surge ahead of Tomorrow’s Signing…
China’s trade surplus widens ahead of tomorrow’s signing. It remains to be seen whether the numbers will catch the President’s eye…
- FX Empire
GBP/USD Price Forecast – British Pound Falls After Anemic GDP Figures
The British pound has broken a bit lower to kick off the trading session on Monday, after GDP figures were lower than anticipated. That being the case, it’s likely that the market will continue to find support just below.
- FX Empire
COT: Accelerated Dollar Selling Into 2020
Speculative dollar selling accelerated during the first full week of trading. Against ten IMM currency futures the net dropped 54% to an 18-month low
