* GBP/USD bulls are moving up a gear from the critical support structure.
* The bulls have their eyes on a fresh daily high.
As per the prior analysis, GBP/USD Price Analysis: Bulls seeking a discount from daily support structure, the price has respected the support structure and has subsequently moved higher as the bulls piled in.
The following...
GBPUSD will taking pullback at daily time frame
foracast :-Manufacturing PMI in the United Kingdom is expected to be 55.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Manufacturing PMI is projected to trend around 52.90 points in 2023 and 53.40 points in...
May 04, 2022
The bank expects the Fed to deliver 6 rate hikes in the year, of 25 bps each, with the first hike likely in March, followed by additional hikes in May, June, July, September and December, as per a Reuters report.
According to Morgan Stanley, a rate hike of 150 basis points is appropriate this year to keep rising inflation under control. The bank had...
NZD/USD higher after the larger than expected interest rate hike from the RBNZ
Reserve Bank of New Zealand raised its cash rate by 0.5% vs. the 0.25% consensus expectation
says will remain focused on ensuring that current high consumer price inflation does not become embedded into longer-term inflation expectations.
monetary tightening brought forward
remained...
FUNDAMENTAL BIAS: NEUTRAL
1. Monetary Policy
In March the BoE hiked rates by 25bsp as expected but delivered a bearish hike with BOE's Cunliffe dissenting by voting to leave rates unchanged. This was a stark change from February where 4 members voted for a 50bsp hike. Cunliffe noted the negative impacts of higher commodity prices on real household incomes and...
