Strength in GBP is largely the result of media reports that incoming UK Prime Minister Liz Truss could announce a freeze on energy bills which could otherwise increase by 80% for UK households in October. The European session also saw the release of UK Construction PMI. Despite indicating contraction for the industry at 49.2, the print still beat expectations of...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with recent comments suggesting growing support among the GC...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with comments last week suggesting that there is growing...
GBP – Sterling edged lower on Tuesday and was set for its biggest monthly fall against USD in 16 months as the UK’s energy crisis renewed recession fears in Britain. Commenting on GBP, Commerzbank explains that “the continued rise in gas prices entails the risk that the recession will be more pronounced and longer than previously expected. Strikes are already...
Clear Inverse head and shoulders for GBPUSD. If british pound reverses then it can hit 1.7.
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with comments last week suggesting that there is growing...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The outlook for the UK economy remains bleak, with CPI above 10% and recession expecting to hit in 4Q22 and last for 5 quarters, it has kept pressure on Sterling despite ongoing BoE rate hikes. Even though the bank followed through with a 50bsp hike in July, it wasn’t enough to offset the recession forecasts....
exited my trade when this candle appeared on H1. My indicator for a bullish exhaustion or also known as 'shooting star' RSI has also formed a bearish divergence on H1 indicating a lost of momentum to the upside. Looking at the structure, price has also formed a double top - bearish price structure Overall, this was a pretty solid trade that we took...
Taking this long position as the previous price made a doji on H1 TF indicating an indecision. Bearish exhaustion. Also, we can see a hidden divergence using the RSI indicating a bullish rally. Trade at your own risk. 2.49RR PATIENCE IS KEY HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY...
50 Years of Secular Bear Run and continuing. More than the Tricolor, this should be on every Nationalists' desk.
GBPUSD could forming Bullish Engulfing pattern. While Above 1.1717, GBPUSD could Potential Target 1.1937, 1.2005, 1.2073. Break & Hold Above 1.2073, Then GBPUSD could Potential Retest 1.2175 & 1.2291. But If GBPUSD Break Below 1.1717, Then It Could Cancel Bullish Engulfing and Open The Way To 1.1645. (From AB=CD pattern, where D=1.1645).
Basically structure is showing movement to downside. wait for the price to retrace before entering and confirming continuation with candlestick formation. Show love by sharing and commenting. follow for more setup breakdown
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. Additional pressure on inflation from gas supply shortages and Rhine River levels in Germany means the ECB will be forced to continue hiking rates. But the bank...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession to...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. Additional pressure on inflation from gas supply shortages and Rhine River levels in Germany means the ECB will be forced to continue hiking rates. But the bank...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger than expected...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...