The currency pair failed to hold below 1,2108. UK statistic data was better than expected and gave some additional support to GBP. Some more negative events are needed for the currency pair to develop its decline. UK Retail Sales went upwards for 0,2%, which was lower than previous reading but higher than expectations. UK CPI reached 2,1% growth. Technically, the...
The currency pair declined last week due to the weaker than expected German ZEW Economic Sentiment, which continued to decline being in negative area. US data was more positive than expected. US CPI has reached 0,3% growth as it was expected. US Core CPI reached 0,3% growth, which was higher than expected. Retail Sales wen upwards as well. Core Retail Sales has...
The currency pair declined last week and tested the support at 1,2108. The main reason for this downtrend was the fact that the new UK Prime Minister supports the idea of Brexit ‘in any case’ meaning that he will lead the country to Brexit even without a deal but before the October 31, 2019. The British Pound is still under the pressure fundamentally, but GBP/USD...
The currency pair declined last week and reached the support at 1,1023. EUR/USD stays under the pressure as the Fed has declined the rates for 25 basis points only. The FOMC members has mentioned that this is not the beginning of the new low rates cycle, but the correction within the interest rates hike cycle. However, USD failed to develop its success due to the...
The currency pair fluctuated in a small range last week. Investors await for new comments from the Fed about their future monetary policy decisions. German ZEW economic sentiment data was worse than expected and reached -24,5. Economists forecasted slower decline. US Retail Sales data remained unchanged, but the indicator has given some support to USD as...
The currency pair fluctuated in a range last week due to the uncertainty around the further Fed’s steps. UK CPI data has met the expectations last week as the indicator reached 2%. Previous reading was 2% as well. As for the Retail Sales, they have grown significantly to 1,0%. Previous reading was -0,6%. Economists expected the Retail Sales to grow to -0,3%. The...
British Pound declined against USD in a more active manner as the US data was accompanied with lower than expected UK indicators. British Manufacturing PMI declined to 48 and stays below 50, which indicates that there is no growth in this sector. Construction sector is in stagnation as well as the indicator declined to 43,1. Services PMI stays above 50, but...
The currency pair declined last week as the fears of FED to declined rates significantly are gone. There were some positive events that gave additional support to USD buyers. Friday’s non-farm data was better than expected and than previous reading. Final reading reached 224 000. The Unemployment’s Rate increased for 0,1% and the Average Hourly Earnings indicator...
The currency pair corrected last week and tested the support at 1,2677. GBP/USD reacted on hints from the FOMC on refusing the aggressive easing. British Pound has got some support from the Brexit delaying. This is a favorable factor for the short-term economic data. We recommend paying attention to the situation close to 1,2677 support level. In case of a...
The currency pair fluctuated in a range last week because of more ‘hawkish’ FOMC statements. Traders and investors expected the FOMC head to support the ideas of more aggressive monetary policy easing, The Interest Rates decline is possible, but even the most ‘dovish’ FOMC members do not believe that the Fed is going to decline rates to 50 basis points. This gave...
The currency pair went upwards last week due to the fears of FOMC monetary policy easing. BoE’s meeting result supported GBP/USD as well. The Bank of England has made no changes in monetary policy. There is no hints on interest rates decline, neither probability of interest rates hike. Mark Carney has mentioned that this easy monetary policy will help to support...
The currency pair wen upwards last week due to the better than expected Eurozone’s data and the probability of interest rates decrease by the FOMC. Friday’s data from Eurozone was almost totally green. French PMI’s were better than expected. German Manufacturing PMI was also better than expected (but still below 50 meaning there is no growth in Manufacturing...
The currency pair went upwards last week according to our expectations and even exceeded them. EUR/USD has tested the resistance at 1,1285 and managed to break it out. As for the important events, we would like to mention the ECB meeting with their head Mario Draghi mentioning that the central bank is going to hike rates in the mid 2020 at least. They have...
The currency pair went upwards last week according to our expectations and tested the resistance at 1,2677. GBP/USD has tested this level as support later and managed to move higher. Manufacturing PMI ceased to grow as the reading was below 50. However, Services branch is still strong and develops its expansion. This situation is directly connected with the fears...
British currency declined significantly last week. GBP/USD has broken down the support at 1,2980 and went towards 1,2677. UK Average Earnings and labor market data were the most influencing last week. Average Hourly Earnings’ growth was less than expected. As for the Unemployment rate, the indicator declined to the record 3,8%. We expect GBP/USD to reach 1,2677...
The currency pair reversed downwards last week and continues to fluctuate within the midterm range. EUR/USD failed to reach 1,1285 and reversed. The main fundamental catalyst for this downtrend was trade conflict between the US and China. German ZEW economic sentiment was negative as the indicator reached -2,1. Previous reading was 3,1. Economists expected the...
The currency pair stays within the range between 1,2980 and 1,3232. GBP/USD corrected last week due to the mixed UK data and trade conflict between the US and China. Monthly UK GDP has shown a decline for -0,1% for the reported period. Economists expected the economic growth to slow down towards 0%. As for the quarterly GDP growth, it was 0,5% which has meet...
The currency pair developed its correction last week towards 1,1285. It was supported by the trade conflict between the US and China, which ensued again. US CPI data, issued on Friday was worse than expected as inflation growth reached 0,3% only for the reported period. PPI index has shown 0,2% growth, which has meet economists’ expectations. There was no...