FED ANNOUNCEMENT COMING TODAY: PUNCHBOWL...

U.S. CRUDE FUTURES EXTEND LOSSES, FALL $3 A BARREL...

A CNBC poll suggests the Federal Reserve is likely to wait until November to announce TAPERING....

U.S. STOCK INDEXES EXTEND SLIDE, HITTING SESSION LOWS FOLLOWING FED MINUTES RELEASE...

*FOMC Minutes: Officials Said Possible to Reach Fed Taper Threshold This Year...

FOMC Minutes: Officials Would Evaluate Bond Taper Prospects Over Coming Meetings...

FED: PARTICIPANTS FELT RECENT PRICE READINGS LIKELY TEMPORARY...

FED: SOME SAW TAPERING DECISION NOT LINKED TO RATE-HIKE TIMING...

FOMC Minutes: Officials Saw Unexpectedly Strong Inflation Surge Concentrated in Parts of Economy...

FOMC Minutes: Officials Saw High Levels of Uncertainty Around Outlook...

POWELL SAYS COVID IS STILL WITH US, LIKELY TO BE THE CASE FOR A WHILE...

POWELL SAYS NOT YET CLEAR IF DELTA WILL HAVE IMPORTANT EFFECTS ON ECONOMY...

NZD/USD stays deep in the negative territory little above 0.6900, eyes on RBNZ...

EUR/USD drops to fresh daily low below 1.1730 on USD strength...

US Dollar Index pushes higher and approaches 93.00 ...

U.S. WILL HAVE MORE THAN 4,000 TROOPS IN KABUL BY END OF DAY...

US Retail Sales Fall More than Forecast...

US 10-YEAR TREASURY YIELDS RISE TO SESSION HIGH OF 1.27%...

*NASDAQ 100 FUTURES FALL TO SESSION LOW AFTER RETAIL SALES MISS...

BIDEN SAYS U.S. FORCES SHOULD NOT BE FIGHTING AND DYING IN A WAR THAT AFGHAN FORCES REFUSED TO FIGHT...

*U.S. PRESIDENT BIDEN SAYS MISSION IN AFGHANISTAN WAS NEVER NATION BUILDING...

DOW, S&P 500 CLOSE AT RECORD HIGHS TO START THE NEW WEEK...

United States Baker Hughes US Oil Rig Count down to 385 from previous 387 ...

US: UoM Consumer Sentiment Index declines to 81.2 (final) in July from 85.5 ...

U.S. DOLLAR CURRENCY INDEX EXTENDS GAINS TO HIT A SESSION HIGH; LAST UP 0.22% AT 92.085...

S&P 500 opens flat near 4,400 as focus shifts to FOMC meeting...

Pfizer R&D Chief: Third dose may be needed within 6-12 months after full vaccination ...

USD/JPY climbs to fresh 10-day highs above 110.50 ...

AUD/USD steadies around 0.7370, looks to close fourth week in the red ...

US GDP to grow by 9.5% in the second quarter – RBC...

US Treasury Sec. Yellen: Urging Congress to act as soon as possible on debt limit ...

United States 20-Year Bond Auction meets forecasts (1.89%) ...

Silver Price Analysis: XAG/USD to hold long term bullish bias while above 21.40/17 ...

Gold Price Forecast: Long term target remains at 1959/65...

US: EIA Crude Oil Stocks increase by 2.1 million barrels, WTI holds above $69 ...

GBP/USD approaches 1.3700 as the US dollar drops further...

EUR/USD rebounds modestly, closes in on 1.1800...

USD/CAD slides below mid-1.2600s, fresh session lows...

AUD/USD rebounds to 0.7350 on improved risk sentiment...

WTI recaptures $68 amid risk rebound, ahead of EIA data ...

US Dollar Index pushes higher to new tops near 93.20...

GBP/JPY climbs to fresh session tops, around 150.00 mark ...

*ECB SAID TO DISAGREE ON STIMULUS GUIDANCE DRAFTS FOR JULY 22...

USD/CAD remains depressed below 1.2600 mark, downside seems limited...

GBP/USD: Concerns about inflation and covid to send sterling back down...

BOJ’s Kuroda: Uncertainty on economic outlook is high due to coronavirus...

DALY SAYS IT IS APPROPRIATE TO START TALKING ABOUT TAPERING...

S&P 500 HITS RECORD HIGH...

US TWO-YEAR, 10-YEAR TREASURY YIELD CURVE FLATTENS TO 110 BASIS POINTS...

WTI slumps to three-week lows below $71 mark ahead of EIA data ...

BOJ to cut 2021 growth forecast as coronavirus curbs hurt outlook – Reuters ...

Breaking: EUR/USD breaks below 1.18 on dollar strength...

XAU/USD to advance nicely towards the 200-DMA at $1829 – Credit Suisse...

Forex Today: Dollar holds high ground against most currencies ahead of FOMC minutes, oil, gold cool...

US Dollar Index clings to gains in the mid-92.00s, looks to FOMC...

Brent Oil to rise above $80 as enjoy bullish momentum – Credit Suisse...

NZD/USD sticks to intraday gains, upside seems limited ahead of FOMC minutes ...

EUR/USD remains under pressure in the low-1.1800s ahead of FOMC ...

Philippines: Inflation loses traction in June...

Germany’s Scholz: Global tax reform to take effect in 2023 ...

US Zone: US Non Farm payrolls 850k Vs 700k, Unemployment rate 5.9% Vs 5.7% Overall Positive for Doll...

WTI plummets to fresh six-day low below $70...

Goldman moves up forecast for U.S. rate hike but not fully convinced ...

POWELL: Dot płot is not a great forecaster of future rate moves....

POWELL: The labor market will be important for maximum employment as well as inflation....

FED Chair Powell: Over Time Seems Likely That Things Driving Up Inflation Will Be Temporary...

NASDAQ EXTENDS DECLINE TO SESSION LOW; S&P 500 ALSO DROPS ...

POWELL: Conditions in the labor market continue to improve although the pace of improvement is uneve...

POWELL: Recovery is incomplete and risks to economic recovery remain...

POWELL: Real #GDP on track to post the fastest rate of increase in decades...

US: EIA Crude Oil Stocks decrease by 7.3 million barrels, WTI holds above $72 ...

US Zone: US Building permits 1.681M Bs 1.730M Negative for Dollar...

US Zone: US Building permits 1.681M Bs 1.730M Negative for Dollar...

Dollar edges up after U.S. inflation data as traders await Fed outcome...

United States 20-Year Bond Auction down to 2.12% from previous 2.286%...

U.S. Federal Reserve walks tightrope between big jobs gap and rising inflation...

Goldman Sachs To Offer Ether #Futures and Options Trading...

BITCOIN TRADES OVER $40,000 FOR FIRST TIME IN 2-1/2 WEEKS, LAST UP 12.6% AT $40,420...

Bitcoin price dips after Trump says the crypto "seems like a scam" ...

Fed’s Beige Book sees pickup in U.S. economic growth ...

BoC To Taper Asset Purchases Again Next Quarter - RTRS Poll ...

Oil Hits $70 as Saudis Say ‘Slowly-Slowly’ on Output Hikes ...

WHO clears second Chinese Covid vaccine Sinovac for wider global use...

Turkish lira hits record low as world inflation looms...

BREAKING: *U.S. CORE PCE PRICE INDEX RISES +3.1% Y/Y IN APRIL; EST. +2.9%...

Dollar hits multi-month lows as expectations of flat rates solidify...

Crude oil topped $70 mark for the first time since March 15....

President Joe Biden says the U.S. will be an "arsenal" of coronavirus vaccines for the world ...

US Dollar Index tumbles to fresh lows in sub-90.00 levels...

STOCKS JUMP TO END 3-DAY LOSING STREAK; DOW GAINS 430 POINTS, OR 1.3%, FOR BEST SESSION SINCE MARCH...

The Dow and S&P 500 are up Thursday, on track to snap a three-day selloff...

UK PM Johnson to announce next phase of COVID lockdown easing, minister says...

Biden: Jobs report shows “long way to go” in economic recovery ...

Fed: Asset Prices May Be Vulnerable If Risk Appetite Falls...

US Pres. Biden would like to see corporate tax rate between 25% and 28% ...

EIA Crude Oil Stocks decrease by 8 million barrels, WTI climbs higher toward $67...

US ADP Employment Change Apr: 742K (est 850K; prevR 565K; prev 517K)...

Federal Reserve Chair Jerome Powell has argued the labour market is still far short of where it need...

Oil prices climbed as more countries opened their borders to travellers, improving the demand outloo...

POWELL: We are still in the early stages of working out all the policy issues around the central ban...

The Dow and S&P 500 rise on the first trading day of May as investors bet on a strong U.S. recovery....

Russia Orders Some Troops To Withdraw From Ukraine Border - WSJ ...

Dow closes more than 300 points lower following reports of Biden eyeing capital gains tax hike ...

Russia Central Bank Reserves $ increased to $583.7B from previous $580.5B...

US Pres. Biden to use tax increases to pay for major spending plan for families – Reuters ...

*Lagarde: risks "titled to downside" in near-term, more balanced in medium-term*...

Lagarde speech: Global demand, fiscal measures support activity in euro area...

Breaking: ECB leaves key rates and PEPP unchanged, EUR/USD stays near 1.2050 ...

France will impose a 10-day quarantine for travellers arriving from India in the coming days to prev...

ECB’s Lagarde: Inflation Rebound Due To Transitory Factors...

Loonie Nosedives as BoC Sets Sights on Tightening After Bond Taper ...

Canada Consumer Price Index - Core (MoM) up to 0.1% in March from previous -0.1% ...

Uttar Pradesh government announces free #COVID19 vaccine for everyone aged above 18 from May 1...

PBOC Fixes Yuan Mid-Point Against The Dollar At 6.5046 (est 6.5039; prev 6.5103)...

Dollar rises from lows; oil drop hits crude-linked currencies ...

J&J says it will resume vaccine shipments to Europe....

Bitcoin rebounds to $56K as Dogecoin price halts at 420% weekly gains...

Wall Street Close: Pandemic woes keep benchmarks red for second day ...

Russia Unemployment Rate below forecasts (5.6%) in March: Actual...

Dollar attempts to recover as US stocks continue to bleed...

United States API Weekly Crude Oil Stock climbed from previous -3.608M to 0.436M in April 16 ...

Coronavirus Update: India leads run-up in global infections, Japan to recall emergencies in Tokyo, O...

Dow Closes 250 Points Lower For Back-To-Back Losses, Reopening Plays Lead Decline ...

Fed Chair Powell: Fed Will Limit Any Overshoot Of Inflation Target - RTRS...

Russian gold reserves at 73.8 mln oz as of April 1...

World Bank expects commodity prices to stay firm on economic growth...

United States Redbook Index (YoY): 13.5% (April 16) vs 13.2%...

Ukraine says Russia is gathering troops on its border from multiple directions, calling the deployme...

Oil prices rise to over one-month highs on weak dollar ...

Ex-IMF Official: China needs structural reform for economy...

China: The most interesting investing opportunities are domestic consumption, technological innovati...

Russia: Central bank to hike by 25bp to 4.75% with a published new rate trajectory...

ECB: Bought net €17 billion of assets last week vs. €20.16 billion previously...

XAU/USD retreats from two-month tops, slides to $1,770 region ...

Spain’s Health Ministry: Considering delaying second dose of Moderna, Pfizer shots – El Mundo...

Markets mixed amid falling yields, cryptos lick their wounds, virus news eyed ...

US Dollar Index drops to 5-week lows near 91.30...

European Monetary Union Construction Output w.d.a (YoY) dipped from previous -1.9% to -5.8% in Febru...

US Treasury yields and USD to ease later in the year, allowing for XAU/USD gains...

United States Baker Hughes US Oil Rig Count up to 344 from previous 337 ...

United States CFTC Oil NC Net Positions fell from previous 511.7K to 492.7K ...

United States CFTC Gold NC Net Positions down to $180.9K from previous $189.5K...

China’s Economy Surged 18.3% In The First Quarter Of 2021 ...

US Zone: US Building permits Mar Vs 1.766M Vs 1.75M...Positive for Dollar...

Russian Pres. Putin to decide on countermeasures in response to US sanctions...

China New Home Prices (M/M) Mar: 0.41% (prev 0.36%)...

BoJ’s Kuroda: Will take time but possible to achieve 2% inflation target with powerful monetary ea...

PBoC Fixes USDCNY Reference Rate At 6.5288 (prev fix 6.5297; prev close 6.5216)...

U.S. 10-YEAR YIELD FALLS BELOW 1.53% TO LOWEST SINCE MARCH 11...

Gold posting a six-week high and Silver a three-week high...

S&P 500 Index notches new record high on strong US data...

XAU/USD jumps above $1,760 amid slumping US T-bond yields ...

Russia, hit by new U.S. sanctions, to cut 2021 borrowing plan...

NASDAQ CLIMBS ABOVE 14,000, REAPPROACHING ALL-TIME HIGH...

BREAKING: S&P 500 HITS RECORD HIGH , DOW HITS RECORD HIGH...

The US has announced a range of new sanctions against Russia in response to what it says are cyber-a...

White House: US issuing sanctions on Russia in response to election interference ...

US Zone: Core Retail sales 8.4% Vs 5.0% Retail sales 9.8% Vs 5.9%, Initial Jobless claims 576K Vs 70...

Powell; Persistent disparity and inequality is a risk because its holding back the economy...

US 10-Year Treasury Yield Below Recent Highs...

USD/CAD slips below 1.2500 mark, fresh monthly lows...

10 year yield moves to a new cycle high ahead of the FOMC decision...

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  4. Gbpusd Plunged Towards 1.3570 Levels As Global Markets Turned Cautious Over A Surge In Coronavirus Infections
Gbpusd Plunged Towards 1.3570 Levels As Global Markets Turned Cautious Over A Surge In Coronavirus Infections

Gbpusd Plunged Towards 1.3570 Levels As Global Markets Turned Cautious Over A Surge In Coronavirus Infections

  • Tools
  • Weekly Signals
  • 2021, 26 July

Brief:

Last week, GBPUSD plunged towards 1.3570 levels as global markets turned cautious over a surge in coronavirus infections, meaning that riskier currencies lost out to the safe-haven dollar. Moreover, Britain faces a new wave of COVID-19, but Prime Minister Boris Johnson is lifting most restrictions in England in what some have dubbed Freedom Day. Johnson has urged the public to remain cautious.

Later on, the Pound currency surged towards 1.3786 levels due to recovering risk sentiment in global markets that boosted the demand for currencies correlated with economic growth. Also, robust release of UK’s Public Sector Net Borrowing data that resulted in £22.02 billion in June, better than anticipated worked in favour of Pound. 

Suggestion:

Buy above 1.3270 for 1.4375 and 1.5000

Else

Sell below 1.3270 for 1.2675 and 1.2050

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