GBP/USD price forecast: Round the 1,3300 zone while the nine -day EMA limits the rise
The GBP/USD torque tries to maintain its position after registering profits in the previous session, quoting around 1,3300 during the Asian negotiation hours on Tuesday. The technical analysis in the daily chart suggests a short -term neutral price impulse, since the pair is around the nine -day exponential mobile average (EMA).
However, the GBP/USD torque continues to quote the 14 -day relative force index (RSI) that is maintained above 50, suggesting that a bullish bias is still at stake. Additional movements will offer a clear directional trend. Read more…
GBP/USD is stabilized before the double event of the central banks
The GBP/USD broke a short -term losses streak, slowing down the impulse and keeping stable near the level of 1,3300 to start a new negotiation week. The pound remains below the recent maximum of several years, but the price action has entered a waiting pattern before the key presentations of the Federal Reserve (Fed) and the Bank of England (BOE).
The Fed is expected to maintain interest rates without changes at the moment, a movement that will probably attract more criticism from the Trump administration, which is still determined to try to force early feats of the president of the FED, Jerome Powell. Employment and inflation figures remain largely balanced, with inaccurate and opaque commercial policies of the White House shooting their own hopes of feet cuts in the foot, since the Fed remains compromised with its mandate to maintain unemployment and price volatility under control. Read more…
GBP/USD rises above 1.33 while US DMI data fails to boost USD
The sterling pound (GBP) advanced 0.32% against the US dollar (USD) on Monday, returning to the level of 1.33, while market participants digest data from the United States (USA) who portray that business activity in the services sector is gaining impulse, but fails to support the dollar. At the time of writing, the GBP/USD quotes at 1,3300.
The United Kingdom markets (UK) are closed while operators prepare for the monetary policy decision of the Bank of England (BOE) on Thursday. Most operators project an interest rate cut of 0.25% by the Central Bank. The data on the other side of the Atlantic failed to boost the dollar, despite the fact that the PMI of Services published by the Supply Management Institute (ISM) showed an improvement in April. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
