Forwarded from Π‘Π΅ΡΠ³Π΅ΠΉ Π£Π΄ΡΡΠΎΠ²
#gbpusd
π¬π§πΊπΈ The GBP/USD pair is consolidating around 1.2200.
π On the eve of the significant support for the pound was provided by the decline of the dollar against the backdrop of inflation data in the US. In particular, the consumer price index (CPI) in the US in annual terms fell from 9.1% to 8.5%, while core inflation remained at the same level of 5.9%. Immediately after the release of the report, market participants revised their expectations for a 75 basis point rate hike at the Fed meeting on September 20-21 and now consider a 0.5% increase more likely.
βοΈ Friday's data from the UK on industrial production and GDP dynamics for the second quarter remain in the spotlight of traders. According to forecasts, the statistics will be disappointing, which may bring sellers back into the market.
π Analysts recommend shorting the GBP/USD pair with a target of 1.2000.
π¬π§πΊπΈ The GBP/USD pair is consolidating around 1.2200.
π On the eve of the significant support for the pound was provided by the decline of the dollar against the backdrop of inflation data in the US. In particular, the consumer price index (CPI) in the US in annual terms fell from 9.1% to 8.5%, while core inflation remained at the same level of 5.9%. Immediately after the release of the report, market participants revised their expectations for a 75 basis point rate hike at the Fed meeting on September 20-21 and now consider a 0.5% increase more likely.
βοΈ Friday's data from the UK on industrial production and GDP dynamics for the second quarter remain in the spotlight of traders. According to forecasts, the statistics will be disappointing, which may bring sellers back into the market.
π Analysts recommend shorting the GBP/USD pair with a target of 1.2000.
Forwarded from Serg Udutov
#FOREX #GBPUSD
UK consumer inflation data came out today with +10.1% (previous +9.4%) = a record since 1981. [infographic attached]
Inflation continues to grow against the backdrop of a severe shortage of energy resources and the use of reserve volumes. Britain and Europe continue to suffer because of their unreasonable but inevitable (for political reasons) sanctions against the Russian Federation.
However, the Anglo-Saxons are doing a little better than their neighbors in the west (which is obviously not in vain was BREXIT), because they still have the opportunity to milk their other colonies: Britain began to import LNG from Australia in the face of a shortage of energy resources in the European market.
There is no doubt that the people there, accustomed to comfort, will soon begin to take to the streets of the cities, fueling their last hope in ephemeral liberalism and desiring help from their governments. But, in Britain, in all European countries, clowns sit in governments, which are completely controlled by American capital. Therefore, the flow of capital from the western part of the mainland to America for their new local wars is still very far from its apogee.
Now from the lyrics to the pound technique: there is a high uncertainty on the pair due to the lack of a trend movement, and there is no desire to trade "twitching". However, two equally likely magnets pass through the red and blue corners highlighted in the graph. To enter one of the sides, I want to see another small trade.
*This post is not an investment or trading recommendation
UK consumer inflation data came out today with +10.1% (previous +9.4%) = a record since 1981. [infographic attached]
Inflation continues to grow against the backdrop of a severe shortage of energy resources and the use of reserve volumes. Britain and Europe continue to suffer because of their unreasonable but inevitable (for political reasons) sanctions against the Russian Federation.
However, the Anglo-Saxons are doing a little better than their neighbors in the west (which is obviously not in vain was BREXIT), because they still have the opportunity to milk their other colonies: Britain began to import LNG from Australia in the face of a shortage of energy resources in the European market.
There is no doubt that the people there, accustomed to comfort, will soon begin to take to the streets of the cities, fueling their last hope in ephemeral liberalism and desiring help from their governments. But, in Britain, in all European countries, clowns sit in governments, which are completely controlled by American capital. Therefore, the flow of capital from the western part of the mainland to America for their new local wars is still very far from its apogee.
Now from the lyrics to the pound technique: there is a high uncertainty on the pair due to the lack of a trend movement, and there is no desire to trade "twitching". However, two equally likely magnets pass through the red and blue corners highlighted in the graph. To enter one of the sides, I want to see another small trade.
*This post is not an investment or trading recommendation