Apr 30, 2021 10:57 GMTForex News
EUR/USD has been edging lower after weak German GDP and rising US yields.
America’s outperformance may cause further falls for the currency pair.
Friday’s four-hour chart is still pointing to further gains.
EUR/USD has taken one step down, is it time for two steps up? That has been the pattern throughout April and technicals suggest that the currency pair could resume its gains. However, there are reasons that this fall could be different, perhaps more profound.
First, Friday is the last end of the week and also the
final day of April, and that means that money managers may be adjusting their portfolios. At current levels, the currency pair is some 400 pips off the levels at the beginning of the month, implying room for a downward correction.
4/30/2021 8:28:22 AM GMT
EUR/USD has been edging lower after weak German GDP and rising US yields.
America s outperformance may cause further falls for the currency pair.
Friday s four-hour chart is still pointing to further gains.
EUR/USD has taken one step down, is it time for two steps up? That has been the pattern throughout April and technicals suggest that the currency pair could resume its gains. However, there are reasons that this fall could be different, perhaps more profound.
First, Friday is the last end of the week and also the
final day of April, and that means that money managers may be adjusting their portfolios. At current levels, the currency pair is some 400 pips off the levels at the beginning of the month, implying room for a downward correction.
GBP/USD: PM Johnson s issues and upbeat US data set to drag cable downNEWS |
4/30/2021 7:11:01 AM GMT | By FXStreet Insights Team
GBP/USD has been edging off the highs as rising US yields boost the dollar. Boris issues and strong US economy are set to outweigh technicals and push the pound down, according to FXStreet’s Analyst Yohay Elam.
Fundamentals are pointing lower
“The greenback is making a comeback and this is set to extend. Personal Income and Personal Spending are set to jump as that was the month Americans received their stimulus checks. Investors will likely focus on the Core Personal Consumption Expenditure (Core PCE) figure – the Fed s preferred inflation gauge. It is set to jump to around 1.8%, closer to the bank s 2% target. The figures may give the greenback another boost.”
4/23/2021 5:02:21 PM GMT
GBP/USD has failed to break above 1.40 as markets struggle for direction.
The US Fed decision and GDP data stand out as the month draws to a close.
Late April s daily chart is painting a mixed technical picture.
Bullish takeover? Close, but no cigar. The upbeat market mood and optimism about Britain s vaccines have been met by concerns about the virus and a hesitant market mood. The focus now shifts to the US, with the all-important Fed decision and the first look at US growth in 2021.
This week in GBP/USD: Attack on 1.40 fails
Fresh virus alarm: The world has been worried about India s record daily cases – surpassing 300,000 – and increases in other countries. For developed countries such as Britain, it means a higher risk of incoming variants and also an economic slowdown due to falling demand. These concerns have boosted the safe-haven dollar.
Apr 23, 2021 19:19 GMTOpinions
GBP/USD has failed to break above 1.40 as markets struggle for direction.
The US Fed decision and GDP data stand out as the month draws to a close.
Late April’s daily chart is painting a mixed technical picture.
Bullish takeover? Close, but no cigar. The upbeat market mood and optimism about Britain’s vaccines have been met by concerns about the virus and a hesitant market mood. The focus now shifts to the US, with the all-important Fed decision and the first look at US growth in 2021.
This week in GBP/USD: Attack on 1.40 fails
Fresh virus alarm: The world has been worried about India’s record daily cases – surpassing 300,000 – and increases in other countries. For developed countries such as Britain, it means a higher risk of incoming variants and also an economic slowdown due to falling demand. These concerns have boosted the safe-haven dollar.