GBPUSD: Asian forex bears strengthen as US interest rate cut hop
Updated
In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD, derailing most Asian currencies since the start of the year.
The odds of the Fed lowering interest rates in March have dropped significantly to 41.5%, down sharply from more than 75% just a month earlier, according to NASDAQ:CME's FedWatch Tool. This change in sentiment comes ahead of the expected initial estimate for fourth-quarter U.S. GDP, which is expected to show a 2% annual growth rate.
Comment
GBPUSD SELL 1.2710-1.2720TP1: 1.2680
TP2: 1.2640
SL: 1.2760
Comment
Hit Tp1 +40pips
✉️ PREMIUM CHANNEL ✉️
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/chartmasterpro
🔴9-12 signals per day
🔴Free knowledge support
🔴24/7 support for newbies.
🔴You always have priority.
t.me/chartmasterpro
Related publications
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.