The pound stretched its recovery above 21-DMA amid USD correction GBP GBPUSD $GBP $GBPUSD
may be less aggressive on its rate hike outlook in the coming months amid signs of a slowing US economy.
On the GBP-side of the story, a combination of less aggressive Fed tightening concerns combined with the rebound in Wall Street to underpin risk-on trading throughout the week. A return of risk-on flows kept sentiment around the higher-yielding pound buoyed. Infact, the week begins with a Memorial Day holiday in the US, which could restrict the currency pair’s price action. Tuesday is absolutely data-dry except for the US CB Consumer Confidence data.
On Friday, the US labor market report will stand out and could have a significant impact on the market’s pricing of the Fed tightening plans. Also, the UK and US Services PMI releases will entertain GBP traders.rose to its highest level since late-February on Friday and GBP/USD closed the last six trading days above the 21 DMA, showing that buyers continue to dominate the pair's action.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GBP/USD retreated from one-month peak, still well bid above 1.2600 amid weaker USDThe GBP/USD pair trimmed a part of its intraday gains to a one-month low and was seen trading near the 1.2625-1.2620 area, up 0.25% during the early E
Baca lebih lajut »
USD/CAD Price Analysis: Selling pressure mounts around 1.2780s as bears eye for a break below the 100-DMAUSD/CAD Price Analysis: Selling pressure mounts around 1.2780s as bears eye for a break below the 100-DMA By christianborjon USDCAD Majors Technical Analysis Sentiment
Baca lebih lajut »
EUR/USD Weekly Forecast: Bullish correction or trend change?High-yielding assets came back as the US Federal Reserve stands pat. Signs of slowing economic growth and lingering inflation were temporarily ignore
Baca lebih lajut »
Gold Price Analysis: XAU/USD steady around $1850s as bulls remain hopeful for a push to $1900Gold Price Analysis: XAU/USD steady around $1850s as bulls remain hopeful for a push to $1900 By christianborjon Gold XAUUSD Commodities Metals Macroeconomics
Baca lebih lajut »
EUR/USD approaches 1.0750 key hurdle ahead of US PCE InflationEUR/USD grinds higher around the weekly top, as well as monthly high, recently steady around 1.0735 as bulls await fresh clues during a lackluster Asi
Baca lebih lajut »
USD/JPY posts third weekly decline in a row despite risk appetiteThe USD/JPY is about to end the week trading around 127.00. The pair bottomed on Tuesday at 126.35, the lowest level in five weeks and then rebounded
Baca lebih lajut »