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Key Points
- The summit at the Istanbul meeting scheduled for the 15th is effectively canceled. U.S. President Trump stated that he is considering a second round of sanctions if Russia does not agree to peace negotiations.
- According to foreign media, the U.S. trade negotiation team will not include any commitments regarding foreign exchange policy in the agreement. It was also reported that U.S. Treasury Secretary Scott Bessent has not delegated authority to negotiate exchange rate issues to any official.
- Although there were reports that working-level officials from South Korea and the U.S. held exchange rate talks in Milan, Italy, on the 5th, the absence of exchange rate discussions aimed at weakening the dollar in the trade agreement has led to dollar strength.
- China’s Ministry of Commerce announced a suspension of certain non-tariff retaliatory measures imposed on U.S. companies.
Key Economic Events This Week
+ May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index (PPI), Fed Chair Powell’s Speech
+ May 16: Japan Q1 GDP
GBPUSD Chart Analysis
After falling to the 1.31500 level as expected, the pair reversed and climbed toward the 1.34000 area. However, for further upside potential, it must break through the 1.34000 level.
We will use the upper resistance and lower support levels as key reference points.
A break below 1.31500 suggests a bearish trend, while a breakout above 1.34000 would indicate a bullish trend.
Please share your personal opinions in the comments. Don’t forget to hit the boost and subscribe!
Key Points
- The summit at the Istanbul meeting scheduled for the 15th is effectively canceled. U.S. President Trump stated that he is considering a second round of sanctions if Russia does not agree to peace negotiations.
- According to foreign media, the U.S. trade negotiation team will not include any commitments regarding foreign exchange policy in the agreement. It was also reported that U.S. Treasury Secretary Scott Bessent has not delegated authority to negotiate exchange rate issues to any official.
- Although there were reports that working-level officials from South Korea and the U.S. held exchange rate talks in Milan, Italy, on the 5th, the absence of exchange rate discussions aimed at weakening the dollar in the trade agreement has led to dollar strength.
- China’s Ministry of Commerce announced a suspension of certain non-tariff retaliatory measures imposed on U.S. companies.
Key Economic Events This Week
+ May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index (PPI), Fed Chair Powell’s Speech
+ May 16: Japan Q1 GDP
GBPUSD Chart Analysis
After falling to the 1.31500 level as expected, the pair reversed and climbed toward the 1.34000 area. However, for further upside potential, it must break through the 1.34000 level.
We will use the upper resistance and lower support levels as key reference points.
A break below 1.31500 suggests a bearish trend, while a breakout above 1.34000 would indicate a bullish trend.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
네이버 카페 :
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.