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Showing results for: "gbp"

Pound Sterling Strengthens to Multi-Year High While GDP Reading in Focus Today

Key Takeaways: *The Pound Sterling bullish rally shows signs of easing in strength. *Eyes on today’s UK GDP reading to gauge the Pound Sterling strength. Market Summary: The British pound has surged to its highest level since January 2022, bolstered by a combination of dollar weakness and growing expectations that the Bank …

Pound Rises as BoE Pushes Back on Rate Cuts

Key Takeaways: *Sterling rallies to 4-year high as BoE strikes hawkish tone *Middle East ceasefire boosts risk appetite, weighing on USD *Markets await August BoE decision amid sticky wage pressures Market Summary: The British Pound extended its rally on Thursday, with GBP/USD advancing toward 1.3765—its highest level since 2021—as global risk sentiment …

Global Growth and Labor Under the Microscope as Markets Eye Fed Pivot

The Week Ahead: Week of June 30, 2025 (GMT+3) Weekly Market PreviewThe final week of June and the start of July bring a flurry of critical macroeconomic releases that may shape the policy paths of major central banks heading into Q3. In the U.S., labor market data including ADP, JOLTS, and Friday’s …

Chart the Market (26/06/2025)

ETH, H4: Ethereum (ETH) has emerged from a turbulent period with technical indicators now pointing to a potential bullish reversal. The cryptocurrency recently experienced a dramatic false breakout scenario – initially breaking above its sideways trading range only to suffer a steep 26% collapse from $2,879 to $2,111.64. This whipsaw action shook …

Pound Rallies on Ceasefire, Hawkish BOE Signals

Key Takeaways: *GBP rebounds near recent highs on ceasefire-led risk rally *BOE tones remain hawkish despite market pricing for cuts *Political risks persist, but dollar softness supports GBP Market Summary: The British Pound held firm and rebounded toward recent highs as easing geopolitical tensions and a hawkish tilt from the Bank of …

Chart the Market (23/06/2025)

USDCHF, H4: USD/CHF remains within a gradual recovery phase on the chart, consolidating just below the key resistance level at 0.8220 following a successful break above the descending trendline. Price action is currently supported above the reclaimed 0.8160 level, which had previously served as a neckline to a minor breakdown structure. Despite …

Euro Weakens on Soft Inflation Data While Pound Awaits BoE Decision

Key Takeaways: *The euro lost ground after the Eurozone CPI was released and failed to meet market expectations. *The BoE’s rate decision is due today; Pound Sterling expects higher volatility. Market Summary: The euro lost ground in the previous session following the release of softer-than-expected Eurozone CPI figures, which came in at …

Chart the Market (17/06/2025)

BTC, D1: Bitcoin (BTC) continues to trade with a bullish undertone, staging a recovery from previous declines and forming a higher-low price structure—typically a positive signal for market momentum. However, the cryptocurrency has yet to retest its prior peak near the $109,900 level, a critical resistance point that must be breached to …

Sterling Slips as UK Labour Market Softens

Key Takeaways: *The UK labour market is weakening, with rising unemployment and slower wage growth reinforcing dovish BoE expectations. *Markets now fully price in two BoE rate cuts by year-end, as fiscal headwinds and soft growth weigh on sentiment. *Sterling remains under pressure as resilient U.S. data and eurozone outperformance highlight GBP’s …

Chart the Market (03/06/2025)

NZDUSD, H4: The NZDUSD pair has confirmed a significant bullish trend after finding strong support at the 61.8% Fibonacci retracement level (0.5940) and subsequently breaking out to fresh two-year highs above 0.6050. This decisive upward move suggests a structural shift in favor of continued appreciation, with the breakout potentially marking the beginning …

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