Posts Tagged ‘gbp usd prediction today’
Forex Forecast & Forex Technical Outlook For 07 March 2022 to 11 March 2022
The current geopolitical uncertainty from the Ukraine- Russia war skyrocketed commodity prices, especially to energy-related instruments. Oil and gas reached the multi-year high while safe-haven Gold remained steady above the 1900.00 level. In the Russian domestic economy, the local share market remained off throughout the week while the Ruble plunged to a record low against…
Read MoreForex Forecast & Forex Technical Outlook For 28 February 2022 to 04 March 2022
The US Dollar soared due to the risk aversion sentiment as Russia invaded Ukraine. Moscow took control over Chernobyl while the US intelligence revealed that the main aim of Russia was to depose the Ukrainian president and impose a favorable person. Until 1991, the Ukrainian territory was a part of the Soviet Union. However, it…
Read MoreForex Forecast & Forex Technical Outlook For 21 February 2022 to 25 February 2022
The global financial market passed a trading week with much volatility, mostly from headlines suggesting that Russia was retreating its troops. As a result, investors moved away from high-yielding assets that pushed the US Dollar to be left aside and provided benefits to safe-haven Gold and JPY. In the coming days, if Putin continues to…
Read MoreForex Forecast & Forex Technical Outlook For 14 February 2022 to 18 February 2022
The US CPI rose better than expectation of 0.6% in January, where the detailed report indicated that the inflation in major parts of the economy is picking up. The stronger CPI report with a hawkish statement from St Louis Fed President James Bullard increased the possibility of an aggressive move in the next month. As…
Read MoreForex Forecast & Forex Technical Outlook For 07 February 2022 to 11 February 2022
The volatility in the forex market came from the mixed Non-Farm Payroll data where the employment change came at 467K, against the anticipation of 110K. Therefore, the US Dollar experienced an intraday gain against major currencies even if the unemployment rate rose by 0.1%. It is a sign that market participants have likely failed to…
Read MoreForex Forecast & Forex Technical Outlook For 31 January 2022 to 04 February 2022
Last month, the Bank of England decided to raise the base rate by 0.15% is a significant price driver for GBP this week. The monetary policy committee of the BoE voted by a majority of 8-1 to raise the rate, while a 7-2 vote was to keep the rate unchanged at 0.1% in November. The…
Read MoreForex Forecast & Forex Technical Outlook For 24 January 2022 to 28 January 2022
The US Federal Reserve plans to cut the monthly asset purchase program by $10 billion to bring it to an end in March. The US inflation accelerated to a 40-year high in December, prompting the Fed to raise rates four times in 2022 and a few more in 2023. The supply-demand imbalance during the economic…
Read MoreForex Forecast & Forex Technical Outlook for 17 January 2022 to 21 January 2022
US inflation reached a record high in almost 40 years. The headline inflation is close to its limited consolidation while the underlying inflation rate is rising faster than the Fed’s 2% target level. In this context, investors should closely monitor how inflation is getting eased in the coming quarters. Unless the oil prices surge higher,…
Read MoreForex Forecast & Forex Technical Outlook for 10 January 2022 to 14 January 2022
The Fed showed a hawkish tone in December’s FOMC minute, overshadowing the recent surge in the Omicron infection. Moreover, the December Job data came with a confusing rate where the Non-Farm payroll showed only 199K jobs. On the other hand, the household employment data showed a gain with a decline in the unemployment rate to…
Read MoreForex Forecast & Forex Technical Outlook for 03 January 2022 to 07 January 2022
The first trading day of the new year will start with bank holidays, where the liquidity is expected to remain lower. However, after some muted trading days, some significant events like FOMC and NFP inject liquidity in the financial market. The economy will face a full-on week where the ISM manufacturing data will work as…
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