GBP/USD prints three-day winning streak amid broad US dollar weakness. Calls of further help to British employees add to the upside momentum. Downbeat Brexit headlines confront the UK’s coronavirus (COVID-19) optimism amid the US-China tussle. UK/US PMIs will join qualitative catalysts to please the

#GBPUSD# Riots in the USA, the demarche of China and Brexit Fundamentally, the current fundamental background in the US stock market is ideal for sales. The economy shows the worst shape in history across the entire spectrum of the economy: from the labor market to GDP and retail sales. Tensions b

GBP/USD breaks above 200-bar SMA to attack 1.2400 mark. 61.8% Fibonacci retracement adds to the resistance beyond the channel’s upper line. Multiple lows marked on May 22 could offer rests after the channel’s downside break. GBP/USD gains 0.45% on a day while taking the bids near 1.2400 amid Monday

GBP/USD trades near the monthly high after successfully breaching 100-day EMA. 200-day EMA, April top on the bulls’ radars during the further upside. A three-week-old support line restricts immediate declines. GBP/USD bulls catch a breather around 1.2505, up 0.10% on a day, after visiting May month

六月的首个交易日，堪称英国经济的“重启日”。而在这一天，英镑似乎也表现亮眼，拔得头筹！   英国首相约翰逊日前宣布，从6月1日开始，英国英格兰地区学校将逐步复课，“非必需”零售业店铺将陆续恢复营业，允许不超过6人的小范围聚会等。为此，英国财政大臣苏纳克周一还亲自去露天市场购物，以支持经济复苏。 同样是从周一开始，220万包括老人在内的易感人群将被允许走出家门。94岁的英国女王率先做出表率，被拍到在温莎城堡骑马。英国还从6月1日起逐渐允许体育赛事重启，英超联赛将于6月17日全面回归，进行空场比赛。 在经济重启的同时，英国抗疫形势也传来了利好。根据官方通报，英国6月1日报告新增确诊1570，新增

Alok Sharma, the UK Business Minister, said in a statement on the coronavirus lockdown easing on Monday, “overall view from the scientific advisory committee is that we should lift lockdown cautiously and that is what we are doing.” Over the weekend, the scientific advisers to the UK government warn

The risk momentum is not only accelerating its starting to really peak out.  Equity sentiment has seen the Australian market have its best week since 2011 to finish May while US markets breached all sort of technical and psychological levels with the S&P 500 crossing 3000 points for the first ti

As we already know, I was a bit bullish on the GBP crosses, mostly on the GBP/USD. At this point we can see that the first target has been reached. Continuation is possible. 1.2350-64 zone is the first POC. The 2nd POC zone comes within 1.2280-1.2305. If the pair gets to any of the zones we should

EUR/USD, “Euro vs. US Dollar” In the H4 chart, EURUSD is still trading above 5/8. In this case, the price is expected to break 7/8 and then continue growing towards the resistance at 8/8. However, this scenario may no longer be valid if the price breaks 5/8 to the downside. After that, the instrumen

Cable could extend the upside momentum to the 1.2465 level if 1.2380 is cleared, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “We expected GBP to strengthen last Friday but were of the view that ‘the prospect for a sustained rise beyond 1.2380 is not high’. While GBP subsequently move

The yen has strengthened amid a sputtering price action in global equity markets, while the dollar, despite this backdrop, underperformed, including against commodity currencies. USD-JPY fell nearly 0.5% in posting an 11-day low at 107.08. EUR-JPY ebbed by about 0.3%, retracing around a half of yest

GBP/USD Outlook (29 May 2020) British Pound/U.S. Dollar FX:GBPUSD Jin_LCMSTraders Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support level of 1.22400. Yesterday, Bank of England committee member Michael Saunders expressed pessimism in the UK’s economy, saying that

The GBP/USD pair’s 50-day moving average remains key, around the 1.2270 level, and is an important area bulls need to overcome this week.