GBPUSD Analysis: A Week Full of News Begins
The following events may affect the GBP/USD rate:
→ Tue: 09:00 (GMT+3) – Claimant Count Change (UK labor market indicator)
→ Tue: 15:30 (GMT+3) - Consumer Price Index (indicator of inflation in the US)
→ Tue: 17:00 (GMT+3) – Speech by the Governor of the Bank of England
→ Wed: 09:00 (GMT+3) - UK GDP
→ Wed: 15:30 (GMT+3) – Producer Price Index (US inflation indicator)
→ Wed: 21:00 (GMT+3) – Fed rate decision (!)
→ Thu: 15:30 (GMT+3) – News on unemployment and retail sales in the US
The GBP/USD chart shows that so far the market is more bullish than bearish, because:
→ rate dynamics fit into the uplink (shown in blue)
→ on Monday morning, it looks like a bullish breakout test pattern of the median line (1) of this channel is forming.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
→ Tue: 09:00 (GMT+3) – Claimant Count Change (UK labor market indicator)
→ Tue: 15:30 (GMT+3) - Consumer Price Index (indicator of inflation in the US)
→ Tue: 17:00 (GMT+3) – Speech by the Governor of the Bank of England
→ Wed: 09:00 (GMT+3) - UK GDP
→ Wed: 15:30 (GMT+3) – Producer Price Index (US inflation indicator)
→ Wed: 21:00 (GMT+3) – Fed rate decision (!)
→ Thu: 15:30 (GMT+3) – News on unemployment and retail sales in the US
The GBP/USD chart shows that so far the market is more bullish than bearish, because:
→ rate dynamics fit into the uplink (shown in blue)
→ on Monday morning, it looks like a bullish breakout test pattern of the median line (1) of this channel is forming.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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