Further Bullish Breakouts On The Horizon?
Dear traders, Nothing has fundamentally changed in terms of the technical outlook. GBP/USD: The cable was able to stabilize above 1.41 after a dip below 1.41 proved to be short-lived. A bullish break above 1.4160 could open the door for another leg up towards 1.42 and maybe even 1.4250. However, sentiment could slightly change in […]
GBP/USD: Pfund schießt auf 1.4243-Hoch
Das Pfund Sterling schoss gegenüber dem U.S. Dollar empor bis zu einem Hoch von 1.4243 und dies trotz der stark überkauften Bedingungen. Der Aufwärtstrend im Pfund wird derweil gestärkt von Premierminister Boris Johnsons Fahrplan über einen stufenweisen Ausstieg aus dem Lockdown, was die U.K. Wirtschaft zu einer starken Erholung anheizen könnte. Ökonomen erwarten, dass Johnsons […]
GBP/USD: Pound Jumps To 1.4243-High
The pound sterling soared to a high of 1.4243 against the U.S. dollar despite heavily overbought conditions. The pound’s uptrend has been bolstered by Prime Minister Boris Johnson’s lockdown easing roadmap that is expected to put the U.K. economy on course for a strong rebound. Economists expect the reopening roadmap will allow the economy to […]
Daily Forex Signals
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Will Powell Testimony Spark USD Volatility?
Dear traders, U.S. dollar selling pressure was felt across most major currency pairs with both EUR/USD and GBP/USD edging higher at the start of the week. Volatility could pick up Tuesday with market participants eyeing Fed Chair Powell’s semi-annual congressional testimony today at 15:00 UTC. Powell is expected to reiterate the accommodative stance of the […]
Pound Rally Continues, Focus on Powell Testimony This Week
Welcome to a new trading week. Positive market sentiment continued as investors took comfort from positive news on vaccine efficacy. In Israel, the Pfizer Inc. and BioNTech SE Covid-19 shot appeared to stop the vast majority of recipients from infection. The anti-risk U.S. dollar turned lower amid optimism about the global recovery. The pound Sterling […]
