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With the April PPI and CPI released in the US, the slowdown in CPI has increased expectations for a rate cut in September, and there's growing attention on the possibility of a rate cut in July as well. Amid this, Federal Reserve officials, including John Williams, made hawkish statements to preemptively cool the market. If the US inflation indices for May continue to slow down, the prospects for a rate cut in September will strengthen, and there is a high possibility of building expectations for a rate cut in July as well.
- The Eurozone's April consumer price index will be released on May 17.
- Fed Chair Jerome Powell will deliver a speech on May 20.
- Bank of England Governor Andrew Bailey will deliver a speech on May 22.
- The Federal Open Market Committee meeting minutes will be released on May 23.
GBPUSD has successfully rebounded from the lower trendline and is now approaching the upper trend channel resistance. While it is likely to break through this area, it is important to determine whether it will continue to rise after a brief pullback.
The expected movements are:
A breakout above the upper resistance line at 1.27000, leading to a mid-to-long-term rise to the 1.32000 line.
A brief pullback from the upper resistance line at 1.27000, followed by a mid-to-long-term rise to the 1.32000 line.
If the movements deviate from these expectations, I will promptly adjust the strategy.
Please share your personal opinions in the comments. Don't forget to like and subscribe!
With the April PPI and CPI released in the US, the slowdown in CPI has increased expectations for a rate cut in September, and there's growing attention on the possibility of a rate cut in July as well. Amid this, Federal Reserve officials, including John Williams, made hawkish statements to preemptively cool the market. If the US inflation indices for May continue to slow down, the prospects for a rate cut in September will strengthen, and there is a high possibility of building expectations for a rate cut in July as well.
- The Eurozone's April consumer price index will be released on May 17.
- Fed Chair Jerome Powell will deliver a speech on May 20.
- Bank of England Governor Andrew Bailey will deliver a speech on May 22.
- The Federal Open Market Committee meeting minutes will be released on May 23.
GBPUSD has successfully rebounded from the lower trendline and is now approaching the upper trend channel resistance. While it is likely to break through this area, it is important to determine whether it will continue to rise after a brief pullback.
The expected movements are:
A breakout above the upper resistance line at 1.27000, leading to a mid-to-long-term rise to the 1.32000 line.
A brief pullback from the upper resistance line at 1.27000, followed by a mid-to-long-term rise to the 1.32000 line.
If the movements deviate from these expectations, I will promptly adjust the strategy.