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GBPUSD | Perspective for the new week | Follow-upExciting times are ahead for the Pound Sterling as it makes a strong recovery during the second half of the previous week, soaring near 1.27800! The market sentiment is on the rise, and the Bank of England (BoE) is signaling a hawkish stance on interest rates, giving the GBPUSD pair even more room to climb higher. The recent interest rate decision saw a 25 basis points increase to 5.25%, fueling the optimism for further gains. In contrast, the US Dollar is facing some headwinds following the release of the US July jobs report, which showed a lower-than-expected increase in Nonfarm Payrolls with only 187,000 new jobs. This has given the Pound Sterling an added boost and raised hopes for continued momentum in the upcoming week. Of course, investors are keeping a close eye on developments as they also process the implications of Fitch's downgrade of the United States government's long-term debt rating. This could have far-reaching effects on the cable market, adding to the intrigue and excitement. GBPUSD Technical Analysis: Will the pound find solid support at $1.27000, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the UK and US dockets, including the Consumer Price Index, Gross Domestic Product, Producer Price Index, and Consumer Sentiment Index. Brace yourselves as these events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, meticulously exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. Keep a close eye on that critical confluence at $1.27000, where an ascending trendline intersects in the Daily timeframe. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD pair faced downward pressure last week due to a dampened economic outlook caused by the Bank of England's aggressive policy amid fears of a recession. Despite this, overall sentiment for Pound Sterling remains bullish, as the UK central bank may consider more interest-rate hikes to tackle inflation. In June, UK's Consumer Price Index (CPI) softened to 7.9%, with core CPI, excluding volatile food and energy prices, falling to 6.9%. However, these declines are not enough for the BoE to declare victory over inflation. On August 3, the BoE is expected to raise interest rates despite rising recession concerns and the challenges faced by businesses. Conversely, the dollar surged on Thursday as data showed the U.S. economy grew faster than expected in the second quarter, reducing the likelihood of a recession in the second half of the year. This could potentially lead to further interest rate hikes by the Federal Reserve if the strong economic performance continues. GBPUSD Technical Analysis: Will the pound find support at the current confluence at $1.28500, or is a breakdown imminent, inciting a potential sell-off? Be prepared as the BoE interest rate decision draws near it may trigger sharp price movements in the pound. In this video, We analyze the Daily and 4-hour timeframe, exploring both bullish and bearish sentiments to uncover promising trading opportunities for the week ahead. Key levels, trendlines, and support/resistance points was examined to reveal essential insights into the current market structure. Don't miss the key level at $1.28500, sharing a critical confluence with the ascending trendline in the 4H timeframe. As we stand at a juncture where both sellers and buyers hold sway, the market's reaction to this zone will determine the direction of price action in the upcoming days. Stay connected and engage in the comment section to remain updated on the latest developments. Thank you for watching, and get ready for more enlightening insights into GBPUSD in our upcoming content. Prepare for a thrilling journey ahead! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upTrading activities witnessed the impact of Britain's cooling inflation on the pound's performance against the dollar. This is the pound's biggest one-day fall since March, coinciding with a plunge in British government bond yields as inflation slows to 7.9% in June. As the prospect of a sustained rise in the Bank of England base rate diminishes, traders are now considering profit-taking activities. Though with rates peaking between 5.75-6.0%, the pound still offers higher yield returns compared to the United States. Meanwhile, the dollar received a boost from positive U.S. labor market data, fueling expectations of another 25 basis points interest rate hike by the Federal Reserve. However, uncertainty remains about the central bank's next move, as we closely monitor economic reports and consumer sentiment readings. GBPUSD Technical Analysis: Will the pound find support at the current confluence at $1.28400, or is a breakdown imminent, inciting a potential sell-off? Be prepared as inflation eases off, as it may trigger sharp price movements in the pound. In this video, We analyze the 4-hour timeframe, exploring both bullish and bearish sentiments to uncover promising trading opportunities for the week ahead. Key levels, trendlines, and support/resistance points will be meticulously examined to reveal essential insights into the current market structure. Don't miss the key level at $1.38400, sharing a critical confluence with the ascending trendline in the 4H timeframe. As we stand at a juncture where both sellers and buyers hold sway, the market's reaction to this zone will determine the direction of price action in the upcoming days. Stay connected and engage in the comment section to remain updated on the latest developments. Thank you for watching, and get ready for more enlightening insights into GBPUSD in our upcoming content. Prepare for a thrilling journey ahead! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upCurrently, the GBPUSD appears to be in a bullish consolidation phase, trading just below a 15-month peak. Thursday and Friday's trading sessions witnessed the pair oscillating within a narrow range, highlighting the prevailing indecision in the market. As trading activities remain at their highest levels since April 2022, we question whether the bulls are losing momentum or if we are on the cusp of significant profit-taking activities as the new week approaches. The US Dollar continues to face selling pressure after reaching a fresh 15-month low, as market expectations solidify that the Federal Reserve (Fed) is nearing the end of its policy tightening cycle. Conversely, the Pound Sterling draws support from growing speculation that the Bank of England (BoE) may need to raise interest rates further to curb demand and lower inflation. Looking ahead to the next trading session, market participants eagerly await impactful economic data from both the UK and US dockets to gain crucial insights and direction. GBPUSD Technical Analysis: Specific attention was placed on the 4-hour and 1-hour timeframes. We explore both bullish and bearish sentiments, uncovering potential trading opportunities for the upcoming week. We closely examine key levels, trendlines, and support and resistance levels to reveal essential insights into the current market structure. Of particular interest is the key level at $1.31000, which underwent multiple tests in the past two days, indicating the presence of buyers at this critical juncture. However, the persistent rejection of the peak price at $1.31400 suggests a potential reversal that could break the key level, triggering a sell-off. The market's reaction to this zone at the start of the upcoming week will play a pivotal role in shaping the direction of price action in the following days. Stay connected to the channel and actively engage in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I am excited to provide you with further insights into my upcoming content on the GBPUSD. Prepare for an enlightening journey ahead! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
4
GBPUSD Weekly Outlook: New perspective for the week | Follow-upIn the previous week, the growth of the Pound Sterling unfolded before our eyes, defying the weight of higher interest rates imposed by the Bank of England (BoE) on households in the United Kingdom. Despite this burden, prices surged and fearlessly tested the psychological resistance level of 1.28500 for the third consecutive week. Furthermore, the Pound capitalized on the U.S. non-farm payroll data falling short of expectations. On Friday, the Labor Department revealed that June saw a lower-than-expected addition of 209,000 new hires, with May's figures revised downward by 33,000 to 306,000. However, amidst this backdrop, the unemployment rate experienced a decline from 3.7% to 3.6% in June, while average hourly earnings mirrored the previous month's growth, increasing by 0.4%. Market sentiments are strongly suggesting that the Bank of England is poised to further raise interest rates, driven by the fact that U.K. inflation remains the highest among developed nations. This sentiment could potentially fuel an ongoing uptrend as investors eagerly seek higher yield returns from the Pound. Let's now delve into the GBPUSD Technical Analysis, specifically focusing on price action within the 4-hour timeframes. Our comprehensive analysis explores both the bullish and bearish sentiments, uncovering potential trading opportunities for the upcoming week. We meticulously examine key levels, trendlines, and support and resistance levels to unveil crucial insights into the current market structure. We are going to keep a close eye on the key level for the new week, situated at $1.28500, which underwent multiple tests in the last 3 weeks hereby revealing the presence of sellers at this critical juncture. The market's reaction to this zone at the beginning of the upcoming week will play a pivotal role in shaping the direction of price action in the days that follow. Stay connected to the channel and actively engage in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I am thrilled to provide you with further insights into my upcoming content on the GBPUSD. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe Pound Sterling experienced a notable rise of 2.16% to reach 1.27 during the month of June. Despite the relatively weak first-quarter gross domestic product growth of just 0.1%, the sterling showed potential for a continuation of its upward trend. Interestingly, traders have been factoring in additional rate hikes from the Bank of England due to the country's persistently high inflation rate, which stood at 8.7% in May, the highest among major advanced economies. In contrast, Federal Reserve Chair Jerome Powell has indicated that the U.S. central bank is likely to resume its rate-hiking cycle after a pause in June. Recent data revealed that the U.S. economy grew more than initially estimated in the first quarter, and jobless claims data indicated a robust labor market. One of the highly anticipated economic releases from the U.S. is the June official employment report, scheduled for release next Friday. Market consensus suggests an increase of 200,000 in payrolls. These indicators demonstrate that the U.S. economy is showing resilience despite persistent inflation concerns. How will the GBPUSD pair respond to these upcoming events? This video presents a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, with a particular focus on the technical examination within the Daily and 4-hour timeframes. Key levels, trendlines, and support and resistance levels are explored to identify potential trading opportunities for the upcoming week. Of note, attention is drawn to the week's key level at $1.27000, which aligns with a descending trendline identified in the 4-hour timeframe. The market's reaction to this zone at the beginning of the week will play a crucial role in determining the direction of price action in the days ahead. Make sure to stay connected to the channel and actively engage in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I am excited to provide you with further insights into my future content. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThis video provides a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. In the previous week, Federal Reserve Chair Jerome Powell emphasizes the necessity for further rate hikes, and adding to the market volatility, the Bank of England surprises with a larger-than-expected rate hike, causing a stir in investor sentiment. This bullish attempt is evident on the charts around the $1.27000 zone, reflecting a momentary boost following the Bank of England's 50 basis point increases to a nearly one-year high. Traditionally, higher interest rates lend support to currencies, but the Pound Sterling faces the risk of a potential recession in the U.K., prompting investors to seek refuge in safe-haven assets like the U.S. dollar. U.K. retail sales data, released recently, reveals a 2.1% annual decline in May, further indicating an economic slowdown. On the U.S. economic front, Federal Reserve Chair Jerome Powell concludes his two-day testimony before Congress, reiterating the potential for at least two more interest rate hikes this year to combat rising inflation. Looking ahead, the trajectory of the Pound Sterling will be influenced by upcoming announcements of Gross Domestic Product data from both economies this week. In light of these latest economic developments, questions arise: If the larger-than-expected rate hike from the Bank of England fails to generate positive price movement for the Pound, how will the United Kingdom navigate its persistent inflationary pressures? This video illustrates a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, focusing on a technical examination of support and resistance levels within the 4-hour timeframe. We uncover how these critical levels can unlock potential trading opportunities for the upcoming week. Notably, I highlighted a key level at the $1.27000 zone, coinciding with the ascending trendline identified in the 4H timeframe. The market's response to this zone at the beginning of the week will wield considerable influence over the direction of price action in the days to come. Stay connected to the channel and remain engaged in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I eagerly anticipate providing you with further insights into my future content. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD surged to a new annual high of 1.2850 as Bank of England (BoE) policymakers prepare for a potential interest rate hike. Meanwhile, the U.S. Federal Reserve (Fed) decided to hold off on an interest rate increase, indicating that the tightening phase is still ongoing. The Pound Sterling remains optimistic as discussions about a pause in the BoE's rate-hike policy continue. Despite the Fed's neutral interest rate decision, the Pound Sterling continued to strengthen amid concerns about a potential recession in the United States. This positive market sentiment is partly due to the relatively weak performance of the U.S. Dollar Index (DXY). BoE Governor Andrew Bailey is confident that inflation will ease, but it is expected to remain high due to labor shortages and elevated food inflation. Additionally, the Pound Sterling's trajectory will be influenced by the upcoming announcements of the consumer price index and the interest rate decision. Based on the latest economic developments, there is a general consensus that the Bank of England will further raise interest rates to combat stubborn inflation in the United Kingdom. In our video, we conducted a comprehensive analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of support and resistance levels within the 4-hour timeframe. We discussed how these levels can help identify potential trading opportunities in the coming week, providing insights and analysis on the GBPUSD chart. It is worth noting that we highlighted a range between 1.28500 and 1.27700, and the market participants' reaction to this zone at the beginning of the week may significantly impact the direction of price action in the upcoming week. Stay connected to this channel and stay tuned for updates in the comment section to stay informed. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
GBPUSD Weekly Outlook: New perspective for the week | Follow-upDuring the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery. The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off their US Dollar positions. The upcoming week will feature several significant economic events from both economies that will greatly influence the price movements of this currency pair. With indications of a weakening labor market in the U.S., the release of the latest consumer prices index for May on Tuesday will have a significant impact just before central bank officials meet to discuss interest rates. On the other hand, the Pound Sterling will also be influenced by the release of employment data for May on Tuesday. The preliminary report suggests a projected decrease of 9.6K in Claimant Count Change, contrasting with a significant increase of 46.7 K. The Unemployment Rate is expected to rise to 4.0% compared to the previous release of 3.9%. In the video, we conducted a detailed analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of the Support and Resistance Levels in the 4-hour timeframe. I discussed how these levels can help identify potential trading opportunities in the upcoming week, providing insights and analysis on the GBPUSD chart. It's important to note that we highlighted a key level at 1.25900, which could play a significant role in determining the direction of price action in the coming week. Make sure to follow this channel and stay tuned to avoid missing out on updates in the comment section. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
10
GBPUSD Weekly Outlook: New perspective for the week | Follow-upIn this video, I provide a technical overview of recent events using the GBPUSD chart. The U.S. Senate has passed legislation that raises the government's debt ceiling, following a similar action by the House of Representatives. This development had positively impacted the dollar, especially when combined with better-than-expected data from the NFP, which is considered a safe haven. Furthermore, a strong Nonfarm Payrolls Report released on Friday exceeded expectations, potentially leading the Federal Reserve to raise interest rates this month. This could result in a bullish trend for the Greenback. In the video, I focus on a technical analysis of the GBPUSD Support and Resistance Levels in the 4H timeframe. I discuss how these levels can be used to identify potential trading opportunities in the upcoming week, offering insights and analysis on the GBPUSD chart. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
GBPUSD Weekly Outlook: New perspective for the week | Follow-up Welcome to my GBPUSD Technical Analysis Session. Despite British retail sales data rising by more than expected in April, 0.5% from March and an improvement from the drop of 1.2% the prior month; the U.S. dollar against the Pound Sterling appears to be on course for its fourth consecutive weekly gain as U.S. rate hike expectations grow across the market and traders continue to accumulate positions for the potential that U.S. interest rates remain higher for longer. It is also worth noting that the high-impact economic features from the U.S. docket this week and the unresolved debt ceiling negotiation could incite risk-aversed trading activities at the beginning of the week resulting in a choppy market environment before the "big move" happens. GBPUSD Price Forecast: So, in this video, from a technical standpoint - we reviewed the GBPUSD Support and Resistance Levels on the 4H timeframe and how to use them to identify potential trading opportunities ahead of the new week (GBPUSD Chart Analysis). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
GBPUSD | Perspective for the new week | Follow-upFollowing a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of overnight dollar strength, and with a handful of high-impact economic features from both economies involved in these pair, we have a week with voluminous trading activities. In this video, we looked at the charts from a technical standpoint for how to take advantage of any trading opportunities in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
GBPUSD | Perspective for the new week | Follow-upThe U.S. dollar rose against the Pound Sterling on Friday and was on track for its biggest weekly gain since February despite concern about the U.S. debt ceiling and monetary policy. The aftermath of the consumer sentiment data is rippling a mixed reaction across the market ahead of the new week. Participants continue to digest features from the U.K economic docket which revealed that the gross domestic product grew by 0.1% in the first three months of 2023 coupled with a key interest rate hike by another 25 basis points data are significant factors that will come into play during the early hours of the coming week as we anticipate another handful of economic data. In this video, we have spotted structures and levels to look out for trading opportunities in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1