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Ukelection

Comprehensive GBPUSD Analysis Ahead of UK General ElectionThis is a comprehensive analysis of the GBPUSD ahead of the UK General Election scheduled for Thursday, 4th July 2024. The chart has been marked to highlight key levels (Decision-Making Points) on the weekly, daily, and H4 timeframes. Below is a summary based on the price analysis: Weekly: Strong Bearish The wave structure on the weekly chart indicates a bearish expectation. Daily: Bearish Wave Structure The daily chart shows a second bearish wave structure with a lower low. H4: Bearish Wave Structure with Pullback The H4 chart has completed a bearish wave structure and shows a valid pullback. H1: Bearish Momentum This morning, a momentum low was made, and the current pullback aligns with the second bearish wave structure.
by Charts247TradingAcademy
ORBEX: GBPUSD,EURUSD: Brexit Party Won't Contest Conservatives!In today’s #marketinsights video recording, I talk about #GBPUSD and #EURUSD #FXMajors #Pound surged higher yesterday following headlines that Nigel Farage, Brexit Party's leader, will not contest Conservative seats ahead of the Dec 12 elections! On the economic front, the UK was marginally away from a recession, the latest GDP figures showed. With #employment data on the spotlight, #cable is the intraday pair that traders could find opportunities on. #EURUSD was somewhat supported by a weaker #dollar. The #greenback was seen falling on #Trump's rollback comments, as he denied having agreed on a tariff rollback with China. German #ZEW data will provide clues on #euro's direction. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
by Orbex
ORBEX: GBPJPY, EURGBP - BoJo Wants Election, Adios Draghi!In today's #marketinsights video recording I analyse #GBPJPY and #EURGBP #FXMinors! GBPJPY Supported by: - Increasing expectations EC will grant January extension - BoJo win in case of early election - Weak safe-haven flows - Japan manufacturing to 3yr low EURGBP Under Pressure as: - Investors eye ECB and last Draghi meeting - Disappointing Business Climate (French) - Poor EA Consumer Confidence Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex