GBP/USD Forecast: Gives Back Short-term Gains

EUR/USD GBP/USD Forex Trading Forecast.

* EUUSD trades near 1.1870, having defended 1.18 on Thursday. * Dollar's bounce has stalled due to dismal US weekly jobless claims data. * Euro bulls now need a better-than-expected German and Eurozone PMIs. EUUSD’s bounce from 1.18 will likely gather pace if the preliminary German and Eurozone Markit manufacturing, services and composite PMI data for August blow past expectations on Friday, reinforcing hopes for faster economic recovery. The data due at 07:30 GMT is forecasted that German Manufacturing PMI rose to 52.5 from July’s 51. In other words, the pace of expansion in the activity is expected to have picked up the pace in August. SImilarly, the Eurozone Manufacturing PMI is forecasted to rise to 52.9 from 51.8. An above-forecast data would not only boost recovery hopes but also weaken the case for additional monetary stimulus from the European Central Bank. As such, one may expect the EUR to rally on better-than-expected PMI numbers. The pair is currently trading near 1.1870, having defended the psychological support of 1.18 on Friday. The US dollar picked up a bid on Wednesday, pushing EUUSD lower toward 1.18 after minutes from the Federal Reserve’s July meeting dismissed yield curve control as a measure of keeping borrowing costs lower. Dollar’s rebound, however, ran out of steam on Thursday after the US labor department data showed the number of individuals filing new unemployment insurance claims unexpectedly rose back above 1 million last week. That said, EUUSD’s daily chart continues to lean bearish. Hence, the pair will likely revisit Thursday’s low of 1.18 if the German and Eurozone data prints below estimates. Technical levels EUUSD Overview Today last price 1.1872 Today Daily Change 0.0012 Today Daily Change % 0.10 Today daily open 1.186 Trends Daily SMA20 1.1803 Daily SMA50 1.1512 Daily SMA100 1.1235 Daily SMA200 1.1141 Levels Previous Daily High 1.1869 Previous Daily Low 1.1802 Previous Weekly High 1.1864 Previous Weekly Low 1.1711 Previous Monthly High 1.1909 Previous Monthly Low 1.1185 Daily Fibonacci 38.2% 1.1843 Daily Fibonacci 61.8% 1.1828 Daily Pivot Point S1 1.1819 Daily Pivot Point S2 1.1777 Daily Pivot Point S3 1.1752 * GBP/USD back on the bid as the US dollar failed to hold in the 93 areas. * Brexit concerns could come back into play if there are no positive progress reports from this week's talks. GBP USD is currently trading 1.3190 and travelling between a low of 1.3064 and a high of 1.3201. In recent trade, the Bulls picked up the baton with the price jumping sharply to test the 1.32 area. There is widespread dollar weakness following yesterday's broad recovery against G10 FX with the DXY posting its largest single-day gain since June. At the time of writing the DXY is trading at 92.83, down 0.18% from a high of 93.24 to a low of 92.75. The US dollar started to show signs of a correction in anticipation of the Federal Open Market Committee minutes, an event that served to underpin USD strength throughout the following sessions before posting a fresh corrective high during the London and New York crossover. The sell-off in USTs was short-lived, however, and the dollar finds itself back under pressure as the market continues to expect easing steps in its September meeting. Global equities were a sea of red following the FOMC Minutes that continued to stress significant economic uncertainty and downside risks due to COVID-19. Meanwhile, UK July inflation surprised significantly to the upside earlier in the week, with headline inflation jumping to 1.0% YoY while Core Inflation rose by its strongest since July 2019 to 1.8% YoY. Will there be any Brexit progress reports? For the remainder of the week, traders will be looking to Retail Sales, PMIs and will also be on the lookout for Brexit-update headlines to see if any progress has been made in this week's talks. The concerns are that the UK could be facing a scenario of a return to WTO rules on trade with Europe if progress is not made in Autumn, in time for a deal to be ratified before the end of the year. In the case that the UK finds its self without a deal, WTO terms would potentially increase the duration and impact of the recession, leaving the pound vulnerable to the circumstances which could result in a negative Bank rate. For tomorrow's data, UK activity likely rose gradually through August as most countries continued to ease up COVID restrictions (local shutdowns excepted), analysts at TD Securities said. We see upside risks and expect small gains across most key PMI measures, indicating recovery, but still at a relatively subdued pace. GBP/USD levels Overview Today last price 1.3191 Today Daily Change 0.0092 Today Daily Change % 0.70 Today daily open 1.3099 Trends Daily SMA20 1.3037 Daily SMA50 1.273 Daily SMA100 1.2566 Daily SMA200 1.2719 Levels Previous Daily High 1.3267 Previous Daily Low 1.3094 Previous Weekly High 1.3143 Previous Weekly Low 1.3006
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EUR/USD GBP/USD Forex Trading Forecast.

submitted by AieFx to u/AieFx [link] [comments]

Why isnt the dollar tanking, and why is gold crashing? It makes no sense.

This is the best tl;dr I could make, original reduced by 73%. (I'm a bot)
The premium for liquidity combined with rates plunging across major central banks did not bode well for anti-fiat gold prices.
A price war triggered by Saudi Arabia plunged oil prices in their largest drop since 1991.The risk of volatility remains high with all eyes on stimulus measures from governments and central banks.
Speculation for lower US interest rates may curb the recent pullback in the price of gold as the Federal Reserve is widely expected to deliver another rate cut in March.
US Dollar Forecast: Fed Boosts Liquidity, Expected to Slash Rates Again Next Week.The 'V-shaped' recovery in the US dollar continues despite the Fed announcing a massive USD1.5 trillion liquidity pump on Thursday to arrest a further breakdown in the financial system.
British Pound Forecast: GBP/USD Tumbles in Worst Week Since 2009.The British Pound fell the most since 2009 versus the US Dollar last week, prolonging downside breakouts in GBP/USD and GBP/JPY as EUGBP soared.
US Dollar Technical Analysis: Can USD Add to Explosive Rise?The US Dollar roared higher last week, posting its best performance since October 2008 at the heart of the global financial crisis.
Summary Source | FAQ | Feedback | Top keywords: price#1 Week#2 Dollar#3 since#4 rate#5
Post found in /Economics and /ForexResources.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
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💥FRIDAY MARKET FORECAST💥

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TopAsiaFX - FRIDAY MARKET FORECAST
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𝐌𝐨𝐭𝐢𝐯𝐞: Preparing for Nonfarm Payrolls
🔰 #EURUSD and #GBPUSD consolidate losses ahead of the release of the US Nonfarm Payroll report.
🔰 #USDJPY pair pressures the 110.00 figure as equities continued to advance.
🔰 The OPEC+ proposed a 600,000 bpd oil output cut will start immediately and continue until June if agreed by all members.
🔰 #Gold prices advanced for a second consecutive day but remain in the red for the week, amid persistent demand for high-yielding assets.
🔰 #AUDUSD easing ahead of Lowe, RBA Minutes.
#forex #market #news #forecast #currency #eur #usd #jpy #aud #gbp#oil #fxmedia topasiafx.com
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Forex Signals

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US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD and USD/CAD

https://ift.tt/eA8V8J The US Dollar has seen a different tonality so far in July, but a short-term theme of strength runs counter to an intermediate-term scenario of weakness.
* More Details Here
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Your AM Global Stocks Preview and a whole lot more news that you need to read: Global stocks are dropping following economic contraction in two of the world’s largest economies

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Click name for Q-Factor breakdown, latest price details, more financial info and sentiment data.

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An analysis of the Japanese Yen, and key drivers of currency.

I've been seeing interesting moves in the macroeconomic markets, especially when it comes to Japan. They're a fun case study, read up on abenomics, their NIRP, aging population, etc...there's a deep rabbit hole you can get in when it comes to global markets.
I've heard people bitching about the currency market not making sense after Japan adopts NIRP yet the Yen is appreciating. Boo fucking hoo. Interest rates aren't the only driver of currency. In order to understand what's going on with the Yen, you should be paying attention to a few things:
a. monetary policy: typically higher interest rates means currency appreciation. More printing means depreciation.
b. trade balance: more demand (i.e. increasing positive net exports) means currency appreciation. Japanese net exports have been on a sharp rise since 2014 shifting from a net negative to net positive exporter.
c. GDP: there a positive correlation between rising GDP and currency appreciation. As aggregate demand goes up, currencies rise. If you know anything about economics, I just said the same thing twice. Japanese GDP has seen many ups and downs since the mid-90s amid growing global GDP, but generally flat.
d. debt: this really comes into play when a country is neck deep in shit and defaults on their bonds. Not a huge influence for developed countries IMO. It should be pointed out that Japan has a very high debt-to-gdp ratio. Holy fuck batman 229%?
e. other countries: what's happening with inflation? Let's take the U.S. for example. The fed believes that gradual rate hikes will be prudent. This, as we know, should cause the USD to appreciate, holding all else equal. One effect rising interest rates creates is that it will result in higher inflation. Now, this is where I get to the relationship between inflation and currency. If international inflation is high relative to domestic inflation, this will have an appreciating influence on domestic interest exchange rates. Among other factors, this is because goods in Japan are cheaper relative to goods in the USA. If the USA and Japan were the only two countries in the world, if the US is creating a rise in inflation, and Japan is creating a drop in inflation , this means, holding everything equal, the Yen appreciates. While simplistic, it helps illustrate a very complex relationship. There are many countries in the world, with different rates of inflation. I think a lot of countries can be treated as "noise" when trading pairs or inferring moves in equity markets from implications in the forex market. Key currencies are the USD, Yen, EUR, GBP, China, etc. When I model currencies, I look at the size of an economy as well. So inflation in the USA and China (which are both rising) will have a greater influence than in South Africa, for example.
So how do you YOLO this shit?
First of all, I'm not going to tell you what to buy or sell. That's up to you. But consider this. Knowing what you know now, before making a trade decision, think to yourself: how do moves in the ForEx market influence equities, bonds, etc.? What do you think Abe will do next? What about the rest of the world? What are the big banks and market makers doing? Here's a chart of the USD/YEN with some key fib levels at a Q311 low to a Q116 high. Once you formulate a good hypothesis go ahead and smash that buy/sell button.
Oh, and one more thing...
Go fuck yourselves.
submitted by ComicalEconomical to wallstreetbets [link] [comments]

Your PM US Stocks and a whole lot more news that you need to read: US stocks close lower, pare earlier losses on Brexit progress

US Markets End of Day Snapshot


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My 2015 savings plan... (what do you think?)

Hi there,
Not so long ago, I've met cryptocurrencies and I like the idea a lot. I'm a bitcoin supporter and I think it makes a good long term investment (although I know it is not it's main purpose to be an investment vehicle but rather an exchange method/currency for the future).
Currently I'm making what I call "extra money" each month (around $200 USD I guess)... I know it is not a lot, but it's money I can save without affecting my economy. The thing is, over the years this money has been spent into banal things and for this 2015 I would like to make things differently, this is my idea:
Of those (monthly) $200 USD, I would like to put 90% into Bitcoin and 10% into Yandex.Money (RUB) each month to diversify my savings. Now, besides that money I'm talking about, someone owes me like $1,000 USD (dunno if they'll ever get paid or not) but if they are, I wanna buy YNDX Stock with them (I've never bought stock before, I'm living in México, any advice?) OR maybe enter into the FOREX market by buying either JPY/EUGBP/CNY
(Quick note: any other ideas about where can I invest those $1,000 USD if they ever get paid to me?, I've already discarded silver and gold coins because I find them hard to trade/exchange in México in order to get MXN).
Finally I'm also planning to recieve income from paid advertising on my website, and if that's successful I want to keep that income in MXN in my personal savings account.
The reason I made this savings plan is because I'm living "out of the system" (I'm an entrepreneur, not working in any company besides my emerging startup) and I want to start securing my future by having a savings/retirement fund available for when I'm older.
What do you think of my ideas? Do you have any other advice for me?
P.S. Yes, I know even in the bitcoin website they suggest that bitcoin is way to volatile to put your "life savings" into it, so that's why I'm going to experiment with my money in 2015 and see how much "financial performance" I get out of this new "bitcoin centric" plan, but do you have any beforehand forecast?
submitted by Jmlevick to Bitcoin [link] [comments]

My 2015 savings plan... (what do you think?) [cross-posted in /r/Bitcoin]

Hi there, Not so long ago, I've met cryptocurrencies and I like the idea a lot. I'm a bitcoin supporter and I think it makes a good long term investment (although I know it is not it's main purpose to be an investment vehicle but rather an exchange method/currency for the future). Currently I'm making what I call "extra money" each month (around $200 USD I guess)... I know it is not a lot, but it's money I can save without affecting my economy. The thing is, over the years this money has been spent into banal things and for this 2015 I would like to make things differently, this is my idea: Of those (monthly) $200 USD, I would like to put 90% into Bitcoin and 10% into Yandex.Money (RUB) each month to diversify my savings. Now, besides that money I'm talking about, someone owes me like $1,000 USD (dunno if they'll ever get paid or not) but if they are, I wanna buy YNDX Stock with them (I've never bought stock before, I'm living in México, any advice?) OR maybe enter into the FOREX market by buying either JPY/EUGBP/CNY (Quick note: any other ideas about where can I invest those $1,000 USD if they ever get paid to me?, I've already discarded silver and gold coins because I find them hard to trade/exchange in México in order to get MXN). Finally I'm also planning to recieve income from paid advertising on my website, and if that's successful I want to keep that income in MXN in my personal savings account. The reason I made this savings plan is because I'm living "out of the system" (I'm an entrepreneur, not working in any company besides my emerging startup) and I want to start securing my future by having a savings/retirement fund available for when I'm older. What do you think of my ideas? Do you have any other advice for me? P.S. Yes, I know even in the bitcoin website they suggest that bitcoin is way to volatile to put your "life savings" into it, so that's why I'm going to experiment with my money in 2015 and see how much "financial performance" I get out of this new "bitcoin centric" plan, but do you have any beforehand forecast?
submitted by Jmlevick to investing [link] [comments]

Hidden Scalping Code Download Making $4,000 $7,000 $9,000 everyday

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now we understand the most significant aspects of Currency Forex Robotic; it is a mainly grid hedge trading robot, functioning 24/5, uses the M30 timeframe and the pairs additionally working yet not officially supported are AUDJPY, GBPJPY, CHFJPY and EURJPY. We see plenty of trading pairs here, is it possible?
They started guide is somewhat not much information but their member area does absolutely fill this gap. I see a lot of stuff in there included extra downloads, extra tutorials and updated set files frequently as they promise. In addition, as you’ll see, they provide 4 extra daily trading signals on the EA official website. I don’t use the forecasting signals so cannot have any comments about the signals.
More couple of realities relating to this EA should be known, I will attempt to list them immediately. It is most likely not an excellent theory to manually configure each pair SL and TP although you can. The EA gets its set ups upgraded from the stifles after authorized gain access to configuring each pair preset values; each setting has its own stop loss and take profit so I cannot list all in here. Just an example, the stop loss ranges from 180 pips on EURUSD and GBPUSD to as high as 300 on, and so on. The stop loss is rarely reached, though – by deeper analyzing the backrests. It’s additionally an ability to choose gains early prior to the choose take profit target is hit by its positions. I am quite happy with the way it open extra positions when the market move in not favorable direction. Some secret ways in here that I cannot understand that lower the drawdown (and risk) when the robot scales in to positions.
The strategy itself is pretty complicated that you have to be careful to read their instructions or using set files on official site only; a few signs which are provided with Metatrader are affected in an ingenious approach, so the entry signals are identified. It’s retry iterations for opening/closing orders, signifying a particular amount of expertise with automatic trading in live. Instead the DLL programming is sometimes a hurdle for EAs working on multiple pairs with the identical DLL, in this situation it appears to be entirely threaded safe.
Hidden Scalping Code is the best forex trading solution to avoid trading during any uncertain market periods. Hidden Scalping Code does it’s works This will help you sell better on the foreign exchange market and make more money. This program will analyze all the graphics for you every second! So, you get the best trend of the pair and time frame, at any time you want. Hidden Scalping Code Free Download This Hidden Scalping Code software is less expensive compared to other forex software. You need a computer with an internet connection. All setup information is provided in the Hidden Scalping Code user’s guide. Hidden Scalping Code Software Reviews 
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EUR/USD and GBP/USD Forecast January 31, 2020 EUR/USD and GBP/USD Forecast Febraury 10, 2020 EUR/USD and GBP/USD Forecast February 7, 2020 EUR/USD and GBP/USD Forecast March 24, 2020 EUR/USD and GBP/USD Forecast March 4, 2020 EUR/USD and GBP/USD Forecast May 7, 2020 EUR/USD and GBP/USD Forecast February 24, 2020

GBP/USD Forecast: Gives Back Short-term Gains. Christopher Lewis on October 23, 2020 Latest News. DAX 30: Breakdown to Ignite Broader Profit-Taking Sell-Off . 3 hours ago Ibeth Rivero Technical Analysis USD/TRY: Correction Likely to Extend with New Breakdown. 4 hours ago Ibeth Rivero Technical Analysis EUR/USD Forecast: Long-term Perspective . 14 hours ago Christopher Lewis Technical Analysis ... EUR/USD Price Forecast – Euro Shows Hesitation The Euro rallied significantly during the trading session on Tuesday, only to turn around and fall again, and then bounce. According to our Forecast System, EUR to GBP Forex pair is a not so good long-term (1-year) investment*. "Euro / British Pound Sterling" exchange rate predictions are updated every 5 minutes with latest Forex (Foreign Exchange) rates by smart technical market analysis. EUR/USD Four-Hour Price Chart. Chart prepared by James Stanley; EUR/USD on Tradingview. GBP/USD: The Bear Flag Violated as Bulls Continue to Drive. Last week I looked at a bear flag scenario in ... GBP/USD Forecast: GBP Continues to Struggle; GBP/USD Forecast: GBP Continues to Struggle . Christopher Lewis on November 02, 2020 Latest News. EUR/USD Technical Analysis: Head and Shoulders Formation. 2 hours ago Mahmoud Abdallah Technical Analysis GBP/USD Technical Analysis: Ahead of British Growth Figures. 2 hours ago Mahmoud Abdallah Technical Analysis Gold Technical Analysis: When to Buy ... GBP/USD Eight-Hour Price Chart. Chart prepared by James Stanley; GBPUSD on Tradingview. The above chart can be construed in either a bullish or bearish manner. On the bullish side, the focus would ... EUR/USD and GBP/USD Forecast — November 5th 2020 November 5, 2020 at 18:15 by K. Prabhu In this video, the Trader Guy looks at the currency pairs EUR/USD and GBP/USD for the November 4th session.

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EUR/USD and GBP/USD Forecast January 31, 2020

EUR/USD and GBP/USD Forecast February 25, 2020 - Duration: 1:26. ... Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, USDCAD, EURGBP (March 2 - 6, 2020) - Duration: 14:37. Justin Bennett 10,332 ... Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDUSD, XAUUSD (May 4 – 8, 2020) - Duration: 13:13. ... EUR/USD and GBP/USD Forecast May 8, 2020 - Duration: 1:38. DailyForex 843 views. 1:38 ... EUR/USD and GBP/USD Forecast March 31, 2020 - Duration: 1:20. DailyForex 959 views. New; 1:20 . Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, NZDUSD, XAUUSD (March 23 – 27, 2020) - Duration ... Weekly Forex Forecast And Analysis - BEST UPCOMING TRADES - EUR/USD, GBP/USD And Oil - Duration: 16:30. 1% FX Capital 602 views Learn THIS Technique and NEVER Lose Again In The Forex Market? (SIMPLE Yet WORKS 100%) - Duration: 12:47. Fx220 Recommended for you Weekly Forex Forecast And Analysis - Trades About To Happen - EUR/USD, GBP/USD And Gold (XAU/USD) - Duration: 19:06. 1% FX Capital 985 views EUR/USD, GBP/USD Analysis & Setups 3-4 Feb '20 - Duration: 9:13. ... Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, EURJPY, XAUUSD (February 3 - 7, 2020) - Duration: 15:51. Justin Bennett ...

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