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GBP/USD Weekly Forecast: Time to hit highest level since 2018? US data, UK vaccines key

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GBP/USD Weekly Forecast: Time to hit highest level since 2018? US data, UK vaccines keyANALYSIS
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5/21/2021 3:15:19 PM GMT
GBP/USD has been grinding its way higher amid twin Fed and UK reopening speculation.
Cable is set to move in response to British covid figures, US GDP and other data.
Late May s daily chart is still pointing to a lead for the bulls.
The FX Poll is pointing to a short-term rise before falls later on.
To taper or not to taper? That has been the question for the Federal Reserve and the dollar, while uncertainty about the UK reopening played a role in moving the pound. US economic releases such as GDP and Durable Goods Orders are set to rock the greenback in the last full week of May. ....

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EUR/USD Weekly Forecast: Dollar's decline set to continue on economic progress

5/21/2021 3:14:18 PM GMT
Central bankers struggle between economic progress and high levels of uncertainty.
Steady growth should fuel inflationary concerns and hurt the dollar further.
EUR/USD bullish potential remains intact, market players eyeing 1.2349, the year’s high.
The EUR/USD pair trades above 1.2200, as the greenback fell this past week, on the back of speculation that the US Federal Reserve will have to tighten its ultra-loose monetary policy sooner than anticipated. Fed chief Jerome Powell has repeated multiple times that the current policy will remain in place until they see “substantial further progress” toward its goals of full employment and price stability. ....

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GBP/USD Has Benefited From The UK Reopening And Favorable Data

GBP/USD Has Benefited From The UK Reopening And Favorable Data
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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GBP/USD Weekly Forecast: Can America's cooldown send sterling above 1.40? UK GDP, US consumer eyed

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GBP/USD Weekly Forecast: Can America s cooldown send sterling above 1.40? UK GDP, US consumer eyedANALYSIS
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5/7/2021 3:12:46 PM GMT
GBP/USD has bounced as the BOE upgraded its outlook and horrible US jobs figures.
UK GDP and US consumer figures promise another busy week in cable.
Early May s daily chart shows bears are gaining some ground.
The FX Poll is pointing to short-term falls before and upswing later.
Something is more than nothing – the Bank of England monetary policy tweak has pushed up the pound, while concerns about road bumps in the US economy have kept the dollar from storming the board. Can the upswing continue? Economic data has rising prominence as covid concerns fade on both sides of the pond. ....

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EUR/USD Weekly Forecast: Awful Nonfarm Payrolls back Fed's "lower for longer" rates

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5/7/2021 3:20:22 PM GMT
US employment data disappointed big in April, spurring a dollar sell-off.
Beyond employment, US macroeconomic figures suggest a substantial economic comeback.
EUR/USD has room to extend its advance once beyond the 1.2150 resistance level.
Mixed US data and cooling expectations for higher rates in the country fueled risk-appetite heading into the weekend. EUR/USD trades around 1.2140, recovering all of the previous week´s losses and nearing its monthly high at 1.2150. Quite a disappointing US employment report has fueled the dollar’s sell-off at the end of the week, as the numbers confirmed the US Federal Reserve stance of keeping rates lower for longer. ....

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