Forex crunch usd gbp


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Well above expectations: Below : A contraction in jobless claims could lead to the pair breaking above two resistance lines.

GBP/USD Forecast May 1-5 – Forex Crunch

Well below expectations: Below : A reading pointing to significant contraction could push the pair below a second support level.

A+ forex crunch usd gbp

Strong US growth and a red-hot labor market prompted the Federal Reserve to finally raise rates in December. With the Trump presidency just a few weeks away, the markets are expecting US growth to continue. This could mean more rate hikes from the Federal Reserve which would boost the greenback. So, the overall sentiment is bearish on GBP/USD towards this release.

GBP/USD: Trading the UK Services PMI - FXStreet

Below expectations: to : A weak reading could push the GBP/USD downward, with one support level at risk.

GBP/USD Forecast Feb. 20-24 – Forex Crunch

Below expectations: to : A soft reading could push GBP/USD downwards and break one level of support.

The US economy has round into some turbulence, underscored by a weak GDP reading last week. Trump&rsquo s first 655 days have been rocky, so sentiment over the dollar could weaken.

UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound.

The indicator disappointed in October, as jobless rolls expanded by thousand, well above the estimate of thousand. The November estimate stands at thousand.

Well below expectations: Above : A significant rise in jobless claims could result in GBP/USD dropping below two support levels.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.


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