GBPUSD Insight
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Key Points
- The U.S. Consumer Price Index (CPI) for January rose by 3.0%, exceeding both market expectations and the previous month's figure of 2.9%. Core CPI also increased by 3.3%, surpassing the market forecast of 3.1%.
- The Federal Reserve’s March rate hold is now a certainty, and the market expects the Fed to resume rate cuts only in the second half of the year.
Regarding the latest CPI results, Fed Chair Jerome Powell stated that inflation is approaching the target but has not yet been fully achieved.
- U.S. President Donald Trump mentioned that he spoke with Russian President Vladimir Putin, and both Russia and Ukraine have agreed to begin ceasefire negotiations.
Key Economic Events This Week
+ February 13: U.K. Q4 GDP, Germany January CPI, U.S. January PPI
+ February 14: U.S. January Retail Sales
GBP/USD Chart Analysis
The pair recently climbed to the 1.25000 level but failed to break through, leading to a slight pullback. Given the current market conditions, there is a high likelihood of another upward move. If GBP/USD successfully breaks above the 1.25000 level, it could rise further toward 1.27000.
However, if it faces resistance at 1.25000 once again, there remains a possibility of a decline toward the 1.20000 level.
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. Consumer Price Index (CPI) for January rose by 3.0%, exceeding both market expectations and the previous month's figure of 2.9%. Core CPI also increased by 3.3%, surpassing the market forecast of 3.1%.
- The Federal Reserve’s March rate hold is now a certainty, and the market expects the Fed to resume rate cuts only in the second half of the year.
Regarding the latest CPI results, Fed Chair Jerome Powell stated that inflation is approaching the target but has not yet been fully achieved.
- U.S. President Donald Trump mentioned that he spoke with Russian President Vladimir Putin, and both Russia and Ukraine have agreed to begin ceasefire negotiations.
Key Economic Events This Week
+ February 13: U.K. Q4 GDP, Germany January CPI, U.S. January PPI
+ February 14: U.S. January Retail Sales
GBP/USD Chart Analysis
The pair recently climbed to the 1.25000 level but failed to break through, leading to a slight pullback. Given the current market conditions, there is a high likelihood of another upward move. If GBP/USD successfully breaks above the 1.25000 level, it could rise further toward 1.27000.
However, if it faces resistance at 1.25000 once again, there remains a possibility of a decline toward the 1.20000 level.
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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.