GBP/USD is aiming to shift its business above 1.2400 as the USD Index is struggling to build a cushion.
Federal Reserve has cited hawkish policy guidance despite evidence of inflation softening.
Bank of England is set to push interest rates to 4% in its battle against the double-digit inflation figure.
GBP/USD is on the verge of delivering a breakout of the Descending Triangle chart pattern amid a risk-on mood.
GBP/USD has rebounded firmly after a minor corrective move to near 1.2370 in the early European session. The cable is aiming to surpass the immediate resistance of 1.2400 as the US Dollar Index (DXY) has retreated after a pullback move to near 100.60. The USD Index has resumed its downside journey and has refreshed its nine-month low to near 100.48.
The announcement of a less-hawkish monetary policy by the Federal Reserve (Fed) has strengthened the demand for risk-sensitive assets. The improved risk appetite of the market participants has supported the S&P500 futures in range extension towards the upside. Investors have shrugged off pessimism generated by weak United States ISM Manufacturing PMI and have cheered a smaller interest rate hike by the Federal Reserve (Fed). Despite the extremely positive market sentiment, the return generated by 10-year US Treasury bonds has rebounded to near 3.42%.
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن