GBP/USD crashes out of the sky on hawkish Fed Powell, covid Omricon contagion risks
GBP/USD plummets on risks of contagion and a hawkish Federal Reserve. Sterling fell to a one-year low versus the US dollar Tuesday due to the sentiment of divergence between the Federal Reserve and the Bank of England following hawkish comments from Fed's chairman Jerome Powell. At the time of writing, GBP/USD is trading at 1.3250 and down around 0.5% on the day so far, falling from a high of 1.3370 and crash landing at 1.3194. Read more...
|Today last price||1.33|
|Today Daily Change||-0.0003|
|Today Daily Change %||-0.02|
|Today daily open||1.3303|
|Previous Daily High||1.3363|
|Previous Daily Low||1.3288|
|Previous Weekly High||1.3457|
|Previous Weekly Low||1.3278|
|Previous Monthly High||1.3834|
|Previous Monthly Low||1.3434|
|Daily Fibonacci 38.2%||1.3317|
|Daily Fibonacci 61.8%||1.3334|
|Daily Pivot Point S1||1.3273|
|Daily Pivot Point S2||1.3242|
|Daily Pivot Point S3||1.3197|
|Daily Pivot Point R1||1.3348|
|Daily Pivot Point R2||1.3393|
|Daily Pivot Point R3||1.3424|
GBP/USD Forecast: Pound needs to break above 1.3360 to convince buyers
GBP/USD has failed to close in positive territory on Monday. GBP/USD has lost its traction in the late American session and ended up closing in negative territory on Monday but managed to gather recovery momentum early Tuesday. The dollar's market valuation continues to impact GBP/USD's movements and the pair could find it difficult to extend its rebound unless the greenback stays under selling pressure. Read more...
Technical analysis – GBP/USD sellers take a breather but bearish bias rules
GBPUSD is consolidating around the 1.3300 mark, within the 1.3277-1.3362 support zone that has managed to mute negative forces for now. The falling simple moving averages (SMAs) are presently backing the bearish picture in the pair. The short-term oscillators are suggesting a moderate waning in negative momentum. The MACD, some distance in the negative zone, is holding beneath its red trigger line. The RSI, in bearish territory, is improving from the 30 level, while the stochastic oscillator is promoting advances in the pair. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.