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UK Inflation Numbers to Test Sterling Amid Stubbornly High CPI

GBP/USD Forecast

Long Position Buy Stop: 1.2271 Take Profit: 1.2350 Stop Loss: 1.2110 Short Position Sell Stop: 1.2135 Take Profit: 1.2050 Stop Loss: 1.2235 GBP/USD rose after the Office of National Statistics in the UK stated that the country’s unemployment rate had remained steady at 3.7% while the economy had added over 74k jobs in the three […]

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Forex News for 14th February 2023

GBP/USD

EUR/USD: Weakness of US Dollar index results in an uptrend for the pair.  USD/JPY: Vulnerability is seen for the pair with pullback being extended.  GBP/EUR: Economic projections that favour the Euro leads to a price decline for the cable pair.  GBP/USD: Economic data releases will determine the upcoming moves for the cable pair.  AUD/USD: The […]

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EUR/USD: Strong Usd Forms a Bearish Outlook as EUR/USD Retreats

EUR/USD Retreats

Short Position Take Profit: 1.0600 Stop Loss: 1.0745 Timeline: 1-2 days Long Position Buy Stop: 1.0720 Take Profit: 1.0850 Stop Loss: 1.0650 The fundamental analysis will be significantly impacted by the release of US inflation figures. The CPI and American retail sales figures will also have a significant effect on the pair, and we can […]

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GBP/USD Exchange Rate Remains Flat Amid Mixed Signals From US Economy

Short Position Take Profit: 1.1840 Stop Loss: 1.2225 Timeline: 1-2 days Long Position Buy Stop: 1.2125 Take Profit: 1.2250 Stop Loss: 1.1970 The GBP/USD exchange rate remained steady on Thursday as the American economy sent mixed signals. The Sterling is currently trading at 1.2080, slightly above this week’s low of 1.1970, and much lower than […]

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AUD/USD – Bullish Outlook Continue With RBA Rate Hike

RBA Rate Hike

AUD/USD (Short Position) Take Profit: 0.6895 Stop Loss: 0.7000 AUD/USD (Long Position) Take Profit: 0.7000 Stop Loss: 0.6895 Timeline: 1 day The price charts are signalling a bullish trend with MACD and signal lines rising. The Histogram of MACD has also moved above the neutral point and the pair has also moved above the 25-period […]

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GBP/USD Plummets to Lowest Point on Strong US Jobs Data

US Jobs Data

GBP/USD (Short Position) Take Profit Level: 1.1850 Stop Loss: 1.2150 Timeline:1-2 days GBP/USD (Long Position) Buy Stop: 1.2050 Take Profit: 1.2145 Stop Loss: 1.1860 The GBP/USD currency pair reached a low point last seen on January 6, as the market responded to strong US job numbers. The pair dropped to the key psychological level of […]

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Forex News 7th February 2023

AUD/USD

AUD/USD: AUD crashed in the wake of shocking NFP figures from the US that had strengthened the US Dollar earlier. USD/JPY: The likelihood of a BoJ policy change will be the main factor driving the USD/JPY lower during the next few weeks. BTC/USD: Sudden Dip in BTC/USD Price Leads to Caution Among Traders. USD/CAD: The […]

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BTC/USD Price Analysis: Market Trends and Forecasts

analysis

BTC/USD (Short Position) Take Profit: 23,400 Stop Loss: 24,500 Timeline: 1-2 days BTC/USD (Long Position) Buy Stop: 23,400 Take Profit: 24,500 Stop Loss: 22,500 The recent American job numbers, which showed a drop in the unemployment rate to 3.4% and the addition of over 517k jobs in January, has led to a rise in the […]

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