GBP/USD Outlook: Recovery Above Daily Cloud Likely to Be Limited

Key Highlights GBP/USD gained pace for a move above the 1.2800 resistance. A major bullish trend line is forming with support at 1.2750 on the 4-hour chart. Gold prices are gaining pace above the $2,350 resistance zone. EUR/USD is aiming for a move toward the 1.0950 level. GBP/USD Technical Analysis The British Pound remained in […]

USDJPY trims gains, falls below steep bullish channel New sellers could show up below 153.00-153.55 USDJPY came under pressure early on Thursday, trimming Wednesday’s moderate gains and putting its two-month-old bullish channel at risk once again. The technical signals are not providing clear direction, with the falling RSI maintaining a sideways trajectory above its 50 […]

Summary United States: Rate Cuts Incoming The August jobs report did little to settle the debate if a 25 bps or 50 bps rate cut is coming this month. We’re sticking with 50 bps, but acknowledge 25 bps as a real possibility. Firms continued to hire in August and the economy kept expanding. Attention is […]