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GBP/USD Forecast: Rallies Toward Resistance
Article By:
Christopher Lewis
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Monday, May 20, 2024 8:05 AM EDT
The GBP has pulled back just a bit during the early hours on Friday, only to turn around and show signs of strength again. The 1.27 level is an area that we are threatening, and of course we have seen a lot of resistance, all things being equal.
BoE's Broadbent: Possible Bank Rate Cut Could Come This Summer
Article By:
FXStreet
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Monday, May 20, 2024 7:52 AM EDT
"If things continue to evolve with its forecasts - forecasts that suggest policy will have to become less restrictive at some point - then it's possible Bank Rate could be cut some time over the summer," Broadbent noted.
In this article: FXB
UK Services Inflation To Make Or Break A June Bank Of England Rate Cut
Article By:
ING Economics
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Monday, May 20, 2024 6:57 AM EDT
The Bank of England is preparing for its first rate cut, and Wednesday’s services inflation data will determine whether that comes in June or August. We think services inflation could come in hotter than expected.
EUR/USD Forex Signal: Bulls Pushing For New 2-Month High
Article By:
Adam Lemon
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Monday, May 20, 2024 6:41 AM EDT
My previous EUR/USD signal on 13th May was not triggered, as the bearish price action took place above the resistance level at $1.0799.
Fed Board: “Why Is The U.S. GDP Recovering Faster Than Other Advanced Economies?”
Article By:
Menzie Chinn
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Sunday, May 19, 2024 8:00 PM EDT
The US has reverted to pre-Covid trend, while other economies have not. Recent productivity developments may not only reflect permanent shifts across various economies.
How Europe Could Pull Swiftly Ahead
Article By:
ING Economics
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Sunday, May 19, 2024 6:26 PM EDT
With all due modesty, here's our indispensable guide to what you should be watching out for next week
EUR/USD Weekly Forecast: Push Upwards And Sustained Higher Technical Values
Article By:
Robert Petrucci
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Sunday, May 19, 2024 1:27 PM EDT
The EUR/USD went into this week keeping its optimistic bullish sentiment on display as the closing value of 1.08670 remained within sight of near-term highs.
The EU Is Spending Billions On Hydrogen-Ready, But Where’s The Hydrogen?
Article By:
Mish Shedlock
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Sunday, May 19, 2024 11:00 AM EDT
I’m all in favor of hydrogen-powered plants to produce electricity if only we had cheap hydrogen. But we don’t and likely won’t.
GBP/USD Weekly Forecast: Cooling US Inflation Boosts Pound
Article By:
Yohay Elam
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Sunday, May 19, 2024 8:08 AM EDT
The US CPI report showed a decline in inflation. Employment data from the UK showed a significant drop in jobless claims. Next week, the UK will release its crucial inflation report.
Forex And Cryptocurrency Forecast For May 20 – 24
Article By:
Roman Butko
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Sunday, May 19, 2024 6:37 AM EDT
The American currency suffered two significant blows last week. Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to 1.0895.
Postcards: Don't Move To Portugal
Article By:
Garrett Baldwin
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Sunday, May 19, 2024 4:12 AM EDT
Getting me all riled up about U.S. inflation… getting me to move across the Atlantic… selling all my stuff… putting my dogs in quarantine… and then… living in Portugal.
GBPUSD Analysis & GBPUSD Price Prediction Forecast - Saturday, May 18
Video By:
Frano Grgic
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Saturday, May 18, 2024 9:37 AM EDT
Today you will see GBPUSD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for GBPUSD. What to expect where the price will breakout for the GBPUSD based on the supply and demand zones.
FTSE - Breaks Winning Streak But Still Set To Post Third Weekly Gain
Article By:
Patrick Munnelly
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Friday, May 17, 2024 11:13 AM EDT
On Friday, London stocks declined following the trend of global markets, as U.S. Federal Reserve officials suggested that interest rates could remain elevated for an extended period.
In this article: EWU
AUD/CHF Forex Signal: Australian Dollar Continues To Rise Against Swiss Franc
Article By:
Christopher Lewis
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Friday, May 17, 2024 10:49 AM EDT
The Australian dollar initially fell during the trading session on Thursday but has seen a complete turnaround as we have rallied to test the top of the breakout candlestick from the Wednesday session.
