Browsing Tag

Cable (GBP/USD)

The Week Ahead – Return of the bull?

Jing Ren Dec 8, 2023 41 0

EURUSD consolidates ahead of ECB meeting The euro steadies as the market hopes for a hawkish turn in monetary policy. Inflation across the Euro zone saw a sharp retreat with the latest print at 2.4%, from over 10% just a year ago. More…
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Technical Analysis

Intraday Analysis – GBP seeks support

Jing Ren Nov 16, 2023 40 0

GBPUSD consolidates gains Cable fell after the UK’s inflation slowed down to its lowest pace in two years. The recent high of 1.2430 was a support-turned-resistance from the daily chart and a surge above this ceiling might have opened…
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Technical Analysis

UK Interest Rate Tops 14-Year High

David Kindley Dec 16, 2022 392 0

The BoE raised UK interest rates to their highest level for 14 years as it battles to stem soaring prices. An increase to 3.5% marked the ninth time it has hiked interest rates in a row. At 10.7%, the inflation rate remains more than…
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Technical Analysis

Cable Bounces as Sunak is Sworn In!

David Kindley Oct 25, 2022 354 0

Cable has been steady at the 1.13 handle as news broke that Rishi Sunak will be the next Prime Minister. Investors bet that he could restore confidence and credibility that the country lost under Liz Truss’ disastrous rule. Time will…
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Technical Analysis

Cable Plummets as UK Economy Shrinks!

David Kindley Oct 12, 2022 362 0

The UK economy unexpectedly fell by 0.3%, as cable also plummeted to 1.10. The surprise drop came after the economy grew 0.1% in July as recession fears continued. On top of that, The BoE will stop buying bonds to help pension funds…
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Technical Analysis

Cable Hits Record Low, Parity Next?

David Kindley Sep 26, 2022 408 0

The pound dropped to an all-time low against the US dollar today. Markets opened the weekend after the new Chancellor proposed a tax cuts budget and further borrowing, which spooked markets and raised fears of a UK recession. The…
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Technical Analysis

Fed Hikes Rate, BoE Next Up!

David Kindley Sep 22, 2022 457 0

As predicted, the Fed raised the federal funds rate by 75 bps which was the highest in nearly 15 years. The Fed's battle against inflation has been less effective than policymakers had hoped, as inflation in August was 8.3%. Now it is…
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Technical Analysis

Pound Pairs Boosted at New PM

David Kindley Sep 6, 2022 489 0

Cable and other pound pairs were lifted in yesterday’s session as the new PM was finally decided. 100 pip moves were felt across the board as the markets reacted with a bullish flavour. Now will be the real test if cable can hold…
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Trade Ideas

GBPUSD – Ending Wedge Highlights a Bullish Bias 2018-08-09

Ian Coleman Aug 9, 2018 415 0

Trend line support is located at 1.2842, the same level as the aforementioned Fibonacci support. We look to buy dips
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Technical Analysis

EURUSD 2017-12-11 Intra-day analysis

Orbex Dec 11, 2017 246 0

Daily Forex Market Preview, 11/12/2017 The U.S. dollar index firmed on Friday following a broadly positive jobs report for November. Data from the U.S. Labor department showed that the economy added 228,000 jobs during the month which…
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