Tag: GBPUSD
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Ichimoku cloud analysis: GBP/USD, Gold, NZD/USD
GBP/USD, “Great Britain Pound vs US Dollar” The currency pair is correcting by a Triangle pattern. The pair is going under the Ichimoku Cloud, which indicates prevalence of a downtrend. A test of the lower border of the Cloud is expected at 1.2065, followed by falling to 1.1805. An additional signal confirming the decline will ... -
Have the bond vigilantes who attacked the U.K. killed off modern monetary theory? MMT proponent Stephanie Kelton says that’s nonsense.
As investors assesses the remarkable turnaround in fiscal policy from one of the world’s number-six economy, the U.K., the one conclusion surely is that a nation’s financial flexibility is limited by the willingness of world markets to finance it. “Ending MMT is the international lesson of the U.K. debacle—any populist selling fiscal pipedreams will be ... -
“Even a stunned mullet would be moved”: Why Australian investors need to watch the UK’s economic crisis closely – Hans Lee
Veteran investor Jonathan Pain has described the price action of the last 48 hours exquisitely – “even a stunned mullet would be moved by recent events.” In the face of record high inflation and a mini-Budget that shocked the market, the Bank of England made a rare out-of-cycle intervention in an attempt to salvage financial ... -
Will something break? What’s next for global financial markets after U.K. meltdown
Global financial market stresses are piling up, but the commotion that forced the Bank of England to make an extraordinary intervention in the U.K. bond market Wednesday isn’t likely to be a game-changer for U.S. stock-market investors on the lookout for a market breakdown. A working notion among investors and traders has been that the ... -
IMF scolds U.K. on fiscal plan that has upset financial markets
The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and other measures at the heart of a U.K. government fiscal plan that sank the British pound and sent bond yields soaring, warning that “large and untargeted” fiscal plans risk worsening inequality and undermining monetary policy. “We are closely monitoring recent ... -
Traders shrug after Bank of England says it ‘won’t hesitate’ to raise rates to meet inflation target
Investors and traders appeared to shrug Monday after the Bank of England said it was prepared to raise rates as much as necessary to meet its inflation target following a second day of financial market chaos following the U.K. government’s tax-cutting plan. In a statement released after U.K. markets closed, Bank of England Gov. Andrew ... -
British pound seen trading near parity with the dollar, economists say, as selloff takes Wall Street by surprise
It’s a notion once thought impossible. As the British pound trades at its weakest level against the dollar in more than two years on Friday, some economists expect it could close in on parity with the greenback by the middle of next year, if not sooner. In a research note published this week, Capital Economics’ ... -
U.S. Dollar Pops on Strong Jobs Report. Fed Decides Where It Goes Next.
Text size The U.S. Dollar Index has climbed 11% so far this year. Mark Wilson/Getty Images Currency markets were having a quiet little week until Friday’s jobs report came along. U.S. July payroll numbers absolutely crushed expectations, pushing the dollar higher against almost every other currency. The U.S. Dollar Index (DXY), which measures the strength ... -
Forex technical analysis and forecast: Majors, equities and commodities
EUR/USD, “Euro vs US Dollar” EURUSD is consolidating around 1.0566. Possibly, today the pair may expand the range up to 1.0610 and then resume falling to break 1.0530. Later, the market may continue trading downwards with the target at 1.0303. GBP/USD, “Great Britain Pound vs US Dollar” Having completed the ascending structure at 1.2550, GBPUSD ...
