Browsing Tag

Pound Sterling (GBP)

GBPUSD: Has the Primary Intervening Wave Ⓧ Ended?

Roman Onegin Jun 2, 2022 633 0

GBPUSD eyes the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps…
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Fundamental Analysis

What Does Chancellor Sunak’s Announcement Mean for the Pound?

Daniel John Grady May 27, 2022 463 0

The GBPUSD has been moving higher. But a quick look at the dollar index suggests that it's largely due to a weaker greenback than a strength in the pound. The GBPEUR cross is largely flat over the last month. Generally negative news from…
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Technical Analysis

GBPJPY Bullish Impulse or Double Zigzag?

Roman Onegin May 12, 2022 552 0

GBPJPY seems to be forming a large corrective trend, taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle degree is in formation. It is likely that the wave z takes the form of a simple…
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Technical Analysis

Surfing the Waves with Gregor Horvat: EURUSD, EURGBP, SPX500 & More!

Gregor Horvat May 11, 2022 506 0

In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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Fundamental Analysis

Another Rate Hike from the BOE; Will It Be the Last?

Daniel John Grady May 4, 2022 672 0

The market is expecting a 25 bps hike by the BOE tomorrow and has already priced it in. That means it's unlikely that the rate hike itself will cause a major shake-up to sterling pairs. However, the commentary around it, and in…
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Stocks

StockWatch: DXY Breaks 2-Decade High as Dollar Rallies!

David Kindley Apr 29, 2022 552 0

The US dollar surged to its highest level in two decades as aggressive interest rate rises from the Federal Reserve fueled the rally. It now sits at its strongest level since 2002 with more upside supposedly on the way. The euro and…
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Fundamental Analysis

What Does FTSE 100 Rebound Mean for GBPUSD?

Daniel John Grady Apr 6, 2022 603 0

In early March, the FTSE 100 reached a post-pandemic high, practically recovering all of the losses from the prior two years. This was something of a milestone for the index, which had been underperforming since the start of Brexit. But,…
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Fundamental Analysis

Cable Not Gaining Ground Despite Guilts; What’s Going On?

Daniel John Grady Mar 29, 2022 3,106 0

As central banks take action to fight rising inflation, monetary policy has been one of the largest drivers of forex action lately. Specifically, the difference in interest rates between countries has been driving the markets. That's…
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UK Chancellor’s Spring Statement and Potential GBPUSD Impact

Daniel John Grady Mar 18, 2022 8,646 0

Chancellor Sunak will be making a speech in the Commons, presenting what is colloquially called the 'spring statement'. It's a sort of "mini-budget", addressing spending concerns at the fiscal half-year mark. The spring statement has…
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Fundamental Analysis

What To Expect From BOE Interest Rate Decision

Daniel John Grady Mar 16, 2022 1,455 0

Despite two back-to-back interest rate hikes by the BOE, the pound has been showing some weakness recently. That might be the product of current events having more influence than the longer-term trend. Could another rate hike at…
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