GBPUSD=X - GBP/USD
| Previous Close | 1.255 |
| Open | 1.255 |
| Bid | 1.257 |
| Day's Range | 1.255 - 1.259 |
| 52 Week Range | 1.1477 - 1.3510 |
| Ask | 1.257 |
- FX Empire
GBP/USD Price Forecast – British Pound Finds 50 Day EMA Supportive
British pound fell on Tuesday, reaching down towards the 50 day EMA before bouncing slightly. We are at a bit of a decision point when it comes to the Sterling.
- FX Empire
GBP/USD Extends Losses as UK GDP Growth Falls Short
The British pound declined broadly early Tuesday after UK GDP growth was reported to rise at a pace much lower than expected.
- FX Empire
GBP/USD Daily Forecast – Fear Of New Lockdowns Supports U.S. Dollar
GBP/USD failed to settle above the resistance at 1.2650 and fell towards the 20 EMA at 1.2520.
- FX Empire
Economic Data Puts the GBP and EUR in Focus as COVID-19 Cases Continue to Spike
COVID-19 and corporate earnings in focus, with economic data to drive the GBP and the EUR.
- Investing.com
Dollar Heads Higher; Sterling Slips on GDP Release
The dollar has strengthened in early European trade Monday, with investors seeking out this safe haven after the Covid-19 outbreak forced the biggest reversal of U.S. economic reopening to date and the U.S. and China squared off over territorial disputes in the South China Sea. The number of Covid-19 cases globally has now passed the 13 million mark, according to Johns Hopkins University data, jumping by one million cases over the last five days. This has resulted in demand for the dollar as hopes of a quick economic recovery fall, with some countries, including the U.S., re-imposing lockdown measures to curb the spread of the virus.
- FX Empire
GBP/USD Price Forecast – British Pound Continues to Face Resistance
British pound rallied on Monday but continues to see resistance near 1.2650. It seems to me as if there is significant resistance all the way to 1.2750.
- FX Empire
GBP/USD Consolidation Continues Below 200-Day Moving Average
GBP/USD is on pace to post a third day of sideways trading as the 200-day moving average has caused a pause in the bullish rally.
- FX Empire
Dollar Bears Hanging in There
The Commitments of Traders reports highlight speculators positions and changes made during the week to July 7 in FX, bonds and stocks. Appetite for risk during this U.S. holiday shortened week was firm with the Nasdaq 100 rising by 3.6% while the dollar weakened against its peers.
- FX Empire
Forex Technical Analysis & Forecast for July 13, 2020
Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.
- FX Empire
GBP/USD Bullish but Sellers Wait at 1.2707
The GBP/USD is where sellers could be. At this point the price is bullish but watch for M H4 rejection if the price gets closer.
- FX Empire
GBP/USD Daily Forecast – Another Attempt To Settle Above 1.2650
GBP/USD managed to settle above 1.2600 and tests the high end of the current trading range.
- Investing.com
Dollar Weakens Ahead of Earnings Season
The dollar has weakened in early European trade Monday, with investors turning to risk-sensitive currencies amid optimism over the upcoming earnings season even as the Covid-19 outbreak rages on. Goldman Sachs (NYSE:GS) has become a little more optimistic on earnings prospects for the S&P 500 Index this year, lifting its baseline forecast for S&P 500 earnings per share in 2020 to $115, up from a prior estimate of $110. The World Health Organization reported a record 230,370 new cases in 24 hours on Sunday.
- FX Empire
Geopolitics, COVID-19 News, FED Chair Powell, and BoE Governor Bailey in Focus
It’s a quiet day on the economic calendar. FED Chair Powell and BoE Governor Bailey are scheduled to speak. Expect Trump and COVID-19 to also influence.
- FX Empire
GBP/USD Weekly Price Forecast – British Pound Continues to Flex Its Muscles
British pound has had a very bullish week, as we continue to see a rally. Every time it looks as if it is going to fall, buyer step in to pick up yet again.
- FX Empire
GBP/USD Price Forecast – British Pound Continues to Fight
The British pound initially fell a bit on Friday but continues to find support as we broke back above the 200 day EMA by the time New York got online.
- FX Empire
GBP/USD Shows Signs of Selling Pressure After Failure Above Major Resistance
GBP/USD briefly traded at a fresh three-week high yesterday before turning lower to post a small daily loss which ended a four-day bullish streak.
- FX Empire
GBP/USD Daily Forecast – Virus Worries Boost U.S. Dollar
GBP/USD failed to settle above the resistance at 1.2650 and declined below 1.2600.
- Investing.com
Dollar Gains as Virus Cases Grow, For Now
"The question is whether Fitch decides to be tough and downgrade Italy. We expect that it will remain on hold given that the ECB and EU are showing strong support for Italy through QE and the expected recovery fund," said Danske Bank.
- FX Empire
GBP/USD Price Forecast – British Pound Continues to Power Higher
The British pound broke even higher during the trading session on Thursday and has cleared the 200 day EMA quite handily.
- FX Empire
GBP/USD Extends Higher and is on Pace to Post a Fifth Straight Day of Gains
The British pound is an outperformer this week with GBP/USD rising to highs overnight not seen since the middle of June.
- FX Empire
Forex Technical Analysis & Forecast for July 9, 2020
Daily forecast and trading signals of forex majors, commodities, cryptocurrencies and indices.
- FX Empire
GBP/USD Daily Forecast – Test Of Major Resistance At 1.2650
GBP/USD continues its upside move and tries to settle above the high end of the current trading range.
- Investing.com
Dollar Heads Lower Ahead of Jobless Data; Global Growth Eyed
Elsewhere, the USD/CNY pair slid 0.2% to 6.9878. The yuan was boosted by better-than expected inflation data for June, with producer prices falling 3% year-on-year. The drop in the PPI was smaller compared with the previous month’s drop of 3.7% and the 3.2% drop analysts had generally forecast. However, the pair is being supported most by the rally in Chinese stocks, which continued for an eighth straight day on Thursday.
