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GBPUSD

XM Research

XM Research - 16 hours agoBullish

Technical Analysis – GBPUSD rises after hitting 1.2900

GBPUSD returns above uptrend lineStochastics and RSI show positive signsGBPUSD headed south on Wednesday’s session, meeting the 1.2900 round number, but today is recouping its losses and is testing again the 1.2970 level. The bearish wave may come to an end, especially if the market successfully climbs above the bearish cross within the 20- and 50-day simple moving averages (SMA) of 1.3100–1.3130.On the other hand, a downward move could find the next support at the 200-day SMA at 1.2800 bef
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XM Research - 20 hours ago

Daily Comment – Stocks under pressure amid US election jitters, dollar extends gains

Reduced Fed rate cut bets and growing odds of a Trump win push up yieldsWall Street slips; gold also takes a hit, but only temporarilyDollar climbs to 3-month high, yen and euro struggleWall Street headed for weekly lossesThe rally on Wall Street came to an abrupt end this week as uncertainty about the looming US presidential election as well as about the pace of Fed rate cuts undermined confidence in risk assets.
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XM Research - 2 days agoBearish

Technical Analysis – GBPUSD: One more burst of strength?

GBPUSD prints new lower low, reaches long-term support trendlineTechnical signals remain discouraging; more sellers wait below 1.2950 GBPUSD is currently in its fourth consecutive week of losses, gradually slipping below the 1.3000 mark for the first time since August. The pair recently hit a new lower low of 1.2943, with technical indicators reflecting persisting selling appetite.
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XM Research - 3 days agoNeutral

Volatility remains elevated in FX space and commodities – Volatility Watch

Euro/dollar volatility reaches new 30-day highVolatility in both gold and silver jumpsStock indices continue to experience average volatilityEuro/dollar volatility has climbed to the highest level of the past month, as the ECB delivered its much-expected rate cut and the discussion about the November Fed meeting is underway. But more importantly, the market is preparing for the November 5 US presidential election.
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XM Research - 4 days agoNeutral

Weekly Technical Outlook – USDCAD, EURUSD, GBPUSD

USDCAD rally may have more room to go as BoC rate decision awaitedEURUSD looks fragile following ECB’s meeting; flash PMIs next in focusGBPUSD is not out of the woods; flash PMIs could provide fresh direction BoC rate decision --> USDCAD  USDCAD is back in the 1.3800 territory and a short distance below October’s high of 1.3837 as investors expect the Bank of Canada (BoC) to slash interest rates by 50bps 3.75% on Wednesday.
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XM Research - 4 days ago

Daily Comment – Gold and dollar edge up as markets bet on Trump win

US election risks move to the forefront as Trump narrows gap with HarrisGold begins week with new record as geopolitical tensions add to demandStocks mixed ahead of key earningsTrump trade makes a returnGold extended its record streak at the start of the new trading week as investors increasingly bet on Donald Trump winning the US presidential election on November 5. The precious metal climbed to all-time highs above $2,730/oz amid the growing risk of Trump returning to the White House.
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XM Research - 1 week agoNeutral

Week Ahead – BoC to speed up rate cuts; flash PMIs eyed for growth clues

Bank of Canada meets; may opt for bigger 50-bps cutOctober flash PMIs to set the mood amid some growth concernsA relatively quiet week otherwise, with mostly second-tier releasesBoC to likely cut by half a pointExpectations that the Bank of Canada will cut rates by 50 basis points at its October meeting firmed up after the latest CPI data. Nevertheless, markets are not fully convinced of an outsized move, hence, there is a little bit of uncertainty heading into Wednesday’s decision by Canada��
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XM Research - 1 week agoNeutral

Daily Comment – Strong US data keep the dollar in demand

 ECB cuts rate, keeps door wide open to a December moveEuro suffers as US retail sales surprise on the upsideFocus today is on Fedspeak and in particular Fed’s BosticGold surpasses $2,700 as China announces further measuresECB announces rate cut, prepares for a December moveThe euro suffered another weak session yesterday, with the euro/dollar pair dropping below the key 200-day simple moving average and euro/pound fully erasing the recent UK CPI-induced correction.
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XM Research - 1 week agoBearish

Technical Analysis – GBPUSD retests 1.3000 key level

GBPUSD remains in ascending channelStochastic and RSI in neutral-to-negative momentumGBPUSD has been in a bearish corrective mode during the last three weeks, diving beneath the 20- and 50-day simple moving averages (SMAs).Entering the 1.3000 area has been a struggle over the past five days, and there might be another tough obstacle near the medium-term uptrend line at 1.2950 with the technical indicators showing some neutral-to-bearish signs.
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XM Research - 1 week agoNeutral

Daily Comment – Stocks under pressure by chipmakers, pound slips on CPI drop

Chip stocks hit by selloff after ASML cuts 2025 guidanceDollar stretches gains as pound and kiwi fall on lower inflationOil steadier amid ongoing ME drama, gold heads towards fresh recordChip and AI stocks take a diveEquity markets suffered a setback on Tuesday after Dutch semiconductor giant, ASML, sparked panic about the demand outlook for chips when it accidentally published its earnings report a day early.
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XM Research - 1 week agoNeutral

Volatility eases slightly as the risk on sentiment lingers – Volatility Watch

Euro/dollar volatility is very close to the last 30 days’ highVolatility in commodities remains elevatedStock indices experience above average volatility Euro/dollar volatility remains very high, close to the highest level of the past month, as the US dollar continues to rally following a series of strong US data and some hawkish Fedspeak. Interestingly, the volatility of yen crosses has crashed across the board, with the yen surrendering another good part of its recent sizeable gains on th
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XM Research - 1 week agoNeutral

Daily Comment – US dollar and stock rally continues

Euphoria in US assets, stock indices reach new highsToday's Fed speakers could threaten Monday’s gainsOil and gold in the red, bitcoin enjoys a strong boostPound ignores jobs data, awaits Wednesday’s CPIUS stocks and dollar in the greenBoth the US dollar and main US equity indices enjoyed another strong session yesterday. Euro/dollar traded at a 45-day low, and both the S&P 500 and the Dow Jones indices recorded new all-time highs despite the Columbus Day bank holiday keeping both th
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XM Research - 1 week agoBearish

Technical Analysis – GBPUSD holds near September’s support zone after mixed jobs data

GBPUSD stays directionless near September’s baseTechnical signals cannot warrant an upside reversalGBPUSD faced mild selling pressure but held its footing above September’s floor of 1.3000-1.3040 after the UK employment survey showed better-than-expected jobs data in August and an increase in the number of unemployed people in September.The bears may have luck on their side as the technical indicators are not confirming oversold conditions yet.
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XM Research - 2 weeks agoNeutral

Daily Comment – Dollar edges up, stocks muted as China stimulus underwhelms

China announces more stimulus details but no word on size of packageAttention turns to week’s other events as stocks unimpressedEuro and pound flat as ECB decision and UK CPI awaitedChina pledges more support, stocks steadyChinese officials unveiled more measures to shore up the country’s embattled property sector while also pledging further support for businesses and consumers in two separate announcements on Saturday and Monday.
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XM Research - 2 weeks agoNeutral

Weekly Technical Outlook – EURUSD, GBPUSD, USDJPY

ECB expected to cut rates by 25 bps; EURUSD remains beneath 1.1000UK CPI could provide some clues for the next BoE decision; GBPUSD in weak modeUS retail sales may lower chances for another Fed rate cut; USDJPY flirts with 149.35ECB decision -->  EURUSDThe upcoming ECB interest rate decision on Thursday is this week's most anticipated event. Initially opposed by President Lagarde and her colleagues, the possibility of a rate decrease in October has gained traction among investors.�
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XM Research - 2 weeks agoBearish

Technical Analysis – Will GBPUSD battle with 1.3000 again?

 GBPUSD’s bearish wave may come to an end soonStochastics and RSI indicate upside retracementGBPUSD is still retreating from the two-and-a-half-year high of 1.3433, with the next strong key level coming from the 1.3000 psychological mark. The price also dropped beneath the 20- and 50-day simple moving averages (SMAs), and if the bearish correction continues, the pair may lead toward the medium-term ascending trend line at 1.2900. A penetration of the diagonal line could take the bears toward
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XM Research - 2 weeks agoNeutral

Week Ahead – ECB headed towards another cut, CPI on the agenda elsewhere

The ECB is expected to deliver its first back-to-back rate cut on ThursdayCPI data incoming in Canada, China, Japan, New Zealand and UKChina GDP and US retail sales also high on investors’ radarIs an ECB rate cut a done deal?Following the RBNZ, which cut interest rates by 50 basis points this Wednesday, the central bank torch will be passed next week to the ECB.
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XM Research - 2 weeks agoNeutral

Daily Comment – Dollar baffled after mixed data and Fedspeak

Jobless claims contradict the stronger CPI reportFed’s Bostic talks about a November Fed pauseDollar trades sideways as the market still expects a November cutOil and gold in the green, pound doesn’t enjoy today’s dataCPI and jobless claims jump, but Fed’s Bostic makes the headlinesThe US inflation report managed to produce an upside surprise with both the headline and core indicators accelerating by an additional 0.1% on an annual basis compared to the economists’ forecasts.
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XM Research - 2 weeks agoNeutral

Volatility skyrockets across the board after an eventful week – Volatility Watch

Euro/dollar volatility surges to the highest level of the monthVolatility in commodities reaches new monthly highStock indices experience very high volatilityEuro/dollar volatility has reached the highest level of the past 30 days, as the FX market was rocked by the strong US labour market report, denting the possibility of another 50bps Fed rate cut in November.
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XM Research - 2 weeks agoBullish

Technical Analysis – GBPUSD loses 3% from 2½-year high

GBPUSD stops near 1.3100Momentum oscillators suggest upside recoveryGBPUSD is pausing its downward wave that started from the two-and-a-half-year high of 1.3433, hovering near the 50-day simple moving average (SMA) marginally beneath the 1.3100 round level.  The pair has lost around 3%, with the technical oscillators indicating the end of the southward move.
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