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Forex Seasonality – December 2024: Can EUR/USD and AUD/USD Rally?

EUR/USD and AUD/USD are heading into their strongest month, hinting at rally potential after November drops.

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Pound Forecast: GBP/USD posts its strongest week since September. Can it continue rising?

GBP/USD held steady on Friday but is on track for its largest weekly rise since mid-September as the US dollar gave back some of its Trump victory gains.

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November 30, 2024 02:01 AM
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DAX, GBP/USD Forecast: Two trades to watch

DAX rises ahead of inflation data. GBP/USD falls after stronger US data & UK service sector gloom.

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November 28, 2024 11:47 PM

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US Dollar Forecast: GBP/USD Still Vulnerable to Test of May Low

GBP/USD may attempt to test the May low (1.2446) if it fails to defend the monthly low (1.2487).

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By : David Song
November 27, 2024 07:25 AM

British Pound Forecast: GBP/USD Eight-Week Breakdown Testing Support

British Pound plunged for an eighth week with a 7% decline off the yearly high now testing the key support. Battle lines drawn on the GBP/USD weekly technical chart.

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GBP/USD Selloff Pushes RSI Up Against Oversold Zone

GBP/USD falls to a fresh monthly low (1.2576) as it gives back the advance from the start of the week.

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By : David Song
November 22, 2024 07:26 AM
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GBP/USD Outlook: US dollar extends rally

In the FX space, the yen was also bid, supported by some hawkish remarks from the BoJ governor, implying a rate hike was not off the table in December. Elsewhere, the EUR/USD broke below the 1.05 handle amid hawkish repricing of US rates and ongoing concerns over Eurozone economy, while the GBP/USD slipped near the 1.26 level, potentially on the verge of breaking further lower. The GBP/USD outlook thus remains bearish.

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November 22, 2024 03:38 AM
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EUR/USD, GBP/USD slide as rising US yields take control

While headlines were fixated on Nvidia and the origin of missiles, the real story for EUR/USD and GBP/USD on Wednesday was US yield movements, driving the latest twists in forex markets.

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November 21, 2024 09:05 AM
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GBP/USD forecast: Traders eye $1.25 despite hotter UK inflation

The UK's higher-than-expected inflation data has likely ruled out a December rate cut by the Bank of England, but the GBP/USD has nevertheless been unable to hold onto its earlier gains. Thus, the GBP/USD forecast remains unchanged as we expect to see further modest selling pressure until the dollar tops out.

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November 21, 2024 03:55 AM
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GBP/USD, DAX Forecast: Two trades to watch

GBP/USD gives up earlier gains after hotter inflation. DAX rises as geopolitical worries ease, Nvidia earnings come into focus.

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November 20, 2024 08:33 PM
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GBP/USD Struggles as BoE Bailey Sees Faster Disinflation

GBP/USD struggles to extend the advance from the start of the week as BoE Governor Bailey acknowledges that ‘inflation has come down faster than we expected a year ago.’

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By : David Song
November 20, 2024 07:25 AM
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DAX, GBP/USD Forecast: Two trades to watch

DAX rises with attention on EZ CPI & Trump appointments. GBP/USD falls ahead of BoE Bailey’s appearance & tomorrow’s CPI data.

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November 19, 2024 08:46 PM

GBPUSD, Nasdaq Forecast: Trends in Recovery Mode?

GBPUSD, Nasdaq Forecast: Following the DXY’s pullback from the 107-mark, the GBPUSD held its ground, hinting at a potential bullish rebound. Meanwhile, Nasdaq entered a pullback mode to recharge from the Trump rally effect, signaling a possible recovery phase.

Multiple pound notes £5, £20 and £50 Pound Sterling

British Pound Technical Forecast: GBP/USD, GBP/JPY

It was a brutal week for the British Pound, with fresh four-month lows in Cable as GBP/JPY put in a late-week breakdown.

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GBP/USD Trades Below 200-Day SMA for First Time Since May

GBP/USD appears to be on track to test the June low (1.2613) as it no longer tracks the positive slope in the 200-Day SMA (1.2820).

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By : David Song
November 15, 2024 08:38 AM
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British Pound Short-term Outlook: GBP/USD in Freefall- Support Ahead

British Pound plunged more than 3.2% off the monthly high with a break of the election range exposing key support. Battle lines drawn on the GBP/USD technical charts.

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British Pound Forecast: GBP/USD Plunges to Critical Support

British Pound plunged nearly 4.8% off the yearly high with the bears now poised to challenge key trend support. Battle lines drawn on the GBP/USD weekly technical chart.

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GBP/USD, DAX Forecast: Two trades to watch

GBP/USD falls as unemployment rises. DAX falls as Trump risks hit sentiment.

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November 12, 2024 08:11 PM
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GBP/USD Outlook Hinges on Break of Monthly Opening Range

GBP/USD may continue to track the positive slope in the 200-Day SMA (1.2818) should it hold within the opening range for November.

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By : David Song
November 12, 2024 07:15 AM
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GBP/USD Outlook: Currency Pair of the Week – November 11, 2024

This week, inflation data from the US and GDP data from UK will be crucial. With last month’s US CPI outpacing expectations at 2.4% year-over-year, markets remain attentive to signs of persistent inflation.

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GBP/USD forecast: US dollar rebounds ahead of US CPI, UK GDP

The cable was held back by the US dollar, which despite giving a big chunk of its post-election gains on Thursday, rebounded strongly on Friday, giving a bearish GBP/USD forecast for the week ahead.

Multiple pound notes £5, £20 and £50 Pound Sterling

GBP/USD Recovers Ahead of 200-Day SMA amid Hawkish BoE Rate Cut

GBP/USD retraces the decline following the US election as the Bank of England (BoE) delivers a hawkish rate-cut.

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By : David Song
November 8, 2024 03:35 AM
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GBP/USD, EUR/USD Forecast: Two trades to watch

GBP/USD rises ahead of the BoE & Fed rate decisions. EUR/USD recovers from a 4-month low ahead of the Fed.