-
GBP/USD Faces Resistance at 1.2500 Amidst UK Retail Woes and Fed Speculations
The GBP/USD currency pair hovers just above 1.2400, struggling to maintain mid-week gains amidst challenges in UK retail data. Despite a 1.65% weekly increase, the GBP faces resistance at the 1.2500 handle. Technical indicators show a struggle for long-term momentum, with the pair caught between the 200-day SMA and a rising trendline from last week’s lows. chart The pound gained 2.25% against the US dollar mid-week but retraced to a more modest 1.65%. UK Retail Sales disappointed, posting a -0.3% month-on-month decline, contrary to the expected 0.3% increase. The focus was on the revised September figure, ... (full story)
- Comments
- Subscribe
-
- Older Stories
From @LiveSquawk|Nov 20, 2023tweet: ECB's Villeroy: We Should Expect More Bond Volatility, Renewed Increases Would Be Another Reason Not To Hike Rates tweet: ECB'S VILLEROY: WE WILL HAVE TO DISCONTINUE OUR PEPP REINVESTMENTS IN DUE TIME, AND POSSIBLY EARLIER THAN END 2024 tweet: ECB's Villeroy: On Our Inflation Target, I Am Not Fixated On 2.0% To The Nearest Decimal Place tweet:
ECB'S VILLEROY: I SEE RATES PLATEAUING FOR AT LEAST THE NEXT SEVERAL MEETINGS AND THE NEXT FEW QUARTERS.
From bnnbloomberg.ca|Nov 20, 2023US economic data points to an economy that’s expanding while price growth is slowing, but the progress isn’t sufficient for the Federal Reserve to declare victory on inflation, ...
From cato.org|Nov 20, 2023|1 commentJavier Milei’s unexpected victory in Argentina’s presidential run‐off is a remarkable feat. Not only did Milei defeat Peronism’s formidable political machine while leading a new ...
-
- Newer Stories
From stats.govt.nz|Nov 20, 2023Key facts: This release refers to trade in goods only. In October 2023, compared with October 2022: • goods exports fell by $552 million (9.3 percent), to $5.4 billion • goods ...
From channelnewsasia.com|Nov 20, 2023Global inflationary forces are finally seeping into Japan's economy after decades of falling prices, forcing investors to radically rethink their Japan bets as the Bank of Japan ...
From @FirstSquawk|Nov 20, 2023tweet: EU REPORTEDLY SET TO PLACE FRANCE ON ITS FISCAL WATCH LIST
- Story Stats
- Posted: Nov 20, 2023 4:08pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 2,234
- Linked event:
