Pound Sterling Price News and Forecast GBP/USD: US Nonfarm Payrolls to determine if “Death Cross” pattern is triggered

FXStreet Team FXStreet

GBP/USD climbs to one-week highs at 1.3780 as USD holds onto losses

US dollar tumbles after Fed Chair Powell speech at Jackson Hole symposium. Cable soars on Friday, trims half of last week’s losses. The GBP/USD pair rose sharply on Friday and extended weekly gains. It is about to end the week hovering around 1.3765, up almost 150 pips from a week ago. Read more...

GBP/USD

Overview
Today last price	1.3768
Today Daily Change	0.0068
Today Daily Change %	0.50
Today daily open	1.37

Trends
Daily SMA20	1.3807
Daily SMA50	1.3822
Daily SMA100	1.3921
Daily SMA200	1.3801

Levels
Previous Daily High	1.3768
Previous Daily Low	1.3689
Previous Weekly High	1.3879
Previous Weekly Low	1.3602
Previous Monthly High	1.3984
Previous Monthly Low	1.3572
Daily Fibonacci 38.2%	1.3719
Daily Fibonacci 61.8%	1.3738
Daily Pivot Point S1	1.367
Daily Pivot Point S2	1.364
Daily Pivot Point S3	1.3591
Daily Pivot Point R1	1.3749
Daily Pivot Point R2	1.3798
Daily Pivot Point R3	1.3828

GBP/USD Weekly Forecast: US Nonfarm Payrolls to determine if “Death Cross” pattern is triggered

GBP/USD has benefited from optimism about covid and Fed tapering. US Nonfarm Payrolls and covid headlines promise a busy back-to-school week. Late August\s daily chart is showing bears are in the lead. To taper or not to taper? For a full week, that has been the question, and optimism for more Fed support fueled a recovery. However, they can have only been kicked toward the all-important US jobs report, assuming that UK covid cases remain under control. Read more...

GBP/USD Forecast: Powell to the rescue? Pound technicals and fundamentals point lower

When a currency cannot hold up when all others are in suspense – its weakness is exposed. GBP/USD has been on the back foot, struggling to hold onto 1.37 while investors are holding their breaths toward a critical event. Federal Reserve Chair Jerome Powell is set to provide signals about tapering the bank's bond-buying scheme in the virtual Jackson Hole speech. Read more...

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD clings to multi-day peaks below 1.3500

GBP/USD trades with marked gains on Friday, now giving away some gains following an earlier surpass of the key 1.3500 yardstick. Indeed, Cable gathers fresh steam amid the strong offered stance in the Greenback, all after US NFP badly missed expectations in July.

EUR/USD: Post-NFP bounce falters around 1.1580

EUR/USD reverses Thursday’s decline and trades with solid gains in the 1.1560 region, or two-month peaks, on Friday. The pair’s firm performance comes in a context of a sharp correction in the US Dollar as investors continue to assess disheartening US NFP readings.

How Wall Street rigs the game [Video]

In this week’s Live from the Vault, Andrew Maguire is joined by Peter Antico and Sean Stone to discuss the Paradigm of Money - an in-depth expose of financial market corruption, from naked shorting to the two-tier system that protects Wall Street.

XRP Price Forecast: XRP nears critical $1.00 support

Ripple (XRP) remains pressured on Friday, trading around $1.03 at the time of writing. The token appears to hold this current level as support but lacks a catalyst to sustain a knee-jerk rebound toward the next key resistance at $1.10.

Is Gold about to enter its biggest bull run since 2020?

Gold has stormed back into the spotlight and its next move could leave late buyers chasing. On August 5, the yellow metal surged almost 7% – roughly $174 – to close near $4,308 an ounce, posting one of its biggest daily advances in recent history. A weaker U.S dollar, falling Treasury yields, changing Federal Reserve expectations and renewed safe-haven demand all struck at once.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.