Composite Indicator: TrendSpotter:Sell 50 - 200 Day MACD Oscillator: 50 - Day Average Volume: 301,829 Average: 100% Sell
GBP – Sterling rose on Tuesday, pausing its recent slide after the BoE added more support to the gilts market. However, the day’s low of 1.0999 may not hold as the UK’s combination of inflation and rate-hike vulnerability will challenge even the most astute policymakers. Commenting on the UK and GBP outlook, Credit Agricole notes: “Potentially, there could be...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
• Pair advancing for the 6th consecutive session • Bulls need to break above 1.14 level to get the upper hand • Next resistance to the upside is the 50-day MA today at 1.1670 followed by the resistance line, today at 1.18
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
the fist pivot will be on BoE.. so.. this will fall faster than stone
2hr chart outlook of GBPUSD suggests that a corrective structure from the low of 1.036 is in progress as an a- b -c . Wave a rally ended @ 1.09298, followed by a pull back - wave(b) which ended @ 1.05398. it was then followed by wave c rally to the last high of 1.12000. This a-b-c structure is meant to be wave (4) of a bigger time frame count, and Ideally...
GBPCHF Intraday - We look to Sell at 1.0718 (stop at 1.0813) We look to sell rallies. There is scope for mild buying at the open but gains should be limited. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. The medium term bias remains bearish. Our profit targets will be...
GBP – Sterling rallied across the board on Wednesday as the Bank of England purchased £1.025 billion of UK government bonds. The BoE stated it would buy as many long-dated bonds as was needed until October 14th to stabilize UK markets. Summarising the day’s moves, Wells Fargo stated: “You had financial stress everywhere. The yields were rising and the dollar...
A long term view based on the Elliott Wave Theory. Based on this, the pair will keep sliding down in the coming months/years and follow its main trend. The large rejections at the 0.618 gives us a nice confirmation of the trade and previous highs can also be used as stops. Targets can be made based on the trade idea (long/short term).
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. But there is a new threat in focus. It seems the PM’s new fiscal plan, even though putting downside pressure on inflation and lowering growth risks, has drastically increased debt concerns....
EURGBP Intraday - We look to Buy at 0.8835 (stop at 0.8740) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has potential to return. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Our...
Analysis and price points of interest on chart. Higher time frame bearish after an impulsive fundamental drop. We could potentially see a large retest fading out the yen strength we saw last week. Any resistance created could provide sell opportunities going with the trend. Further confirmations required (resistance, break of range, engulfing bearish candles).
I have Used SMC And Economics Events following high inflation and YEN intervention.