GBP/USD Bearish outlook..After NFP!!!
Actualizado
Fundametnal Analysis:
The current economic indicators for the
GBPUSD currency pair highlight a stronger economic outlook for the United States compared to the United Kingdom. The US boasts a GDP growth rate of 1.3% versus the UK's 0.6%, alongside higher inflation at 3.4% compared to 2.3% in the UK, suggesting a relatively tighter monetary policy stance in the US. Interest rates are similar, with the US at 5.5% and the UK at 5.25%. Both countries have stable labor markets with unemployment rates at 4% in the US and 4.3% in the UK. However, the US faces a significant trade deficit of -74.56 billion USD, while the UK's deficit is -1098 million GBP. US consumer confidence is notably higher at 69.1 points compared to -17 points in the UK, indicating greater optimism among US consumers. The Manufacturing PMI is nearly identical at 51.3 for the US and 51.2 for the UK, but the Services PMI shows a larger gap, with the US at 54.8 and the UK at 52.9. Overall, higher GDP growth, stronger consumer confidence, and a tighter interest rate environment in the US suggest potential USD strength against the GBP, despite the US's significant trade deficit.
Technical Analysis:
After the price rejected a strong resistance at 1.28, coupled with the Non-Farm Payroll (NFP) news for the USD, it is likely that the price will continue to move downward. Given the current fundamental conditions and technical analysis, if the Federal Reserve decides to hold the interest rates this week, the USD is expected to gain further strength.
Target: 1.26800, 1.26, 1.25... possible Target (1.24500)
Tip: I think the Fed will hold rates due to uncertain inflation rises until the end of the year or next months. As long as the Fed maintains or increases rates with positive indicators such as NFP in the future, the USD will gain more strength against other currencies.
DXY
https://www.tradingview.com/chart/DXY/uubj0qWL-USD-Index-DXY-Analysis-Bullish-Outlook/
https://www.tradingview.com/x/HYWY4Mb0/
The current economic indicators for the
GBPUSD currency pair highlight a stronger economic outlook for the United States compared to the United Kingdom. The US boasts a GDP growth rate of 1.3% versus the UK's 0.6%, alongside higher inflation at 3.4% compared to 2.3% in the UK, suggesting a relatively tighter monetary policy stance in the US. Interest rates are similar, with the US at 5.5% and the UK at 5.25%. Both countries have stable labor markets with unemployment rates at 4% in the US and 4.3% in the UK. However, the US faces a significant trade deficit of -74.56 billion USD, while the UK's deficit is -1098 million GBP. US consumer confidence is notably higher at 69.1 points compared to -17 points in the UK, indicating greater optimism among US consumers. The Manufacturing PMI is nearly identical at 51.3 for the US and 51.2 for the UK, but the Services PMI shows a larger gap, with the US at 54.8 and the UK at 52.9. Overall, higher GDP growth, stronger consumer confidence, and a tighter interest rate environment in the US suggest potential USD strength against the GBP, despite the US's significant trade deficit.Technical Analysis:
After the price rejected a strong resistance at 1.28, coupled with the Non-Farm Payroll (NFP) news for the USD, it is likely that the price will continue to move downward. Given the current fundamental conditions and technical analysis, if the Federal Reserve decides to hold the interest rates this week, the USD is expected to gain further strength.
Target: 1.26800, 1.26, 1.25... possible Target (1.24500)
Tip: I think the Fed will hold rates due to uncertain inflation rises until the end of the year or next months. As long as the Fed maintains or increases rates with positive indicators such as NFP in the future, the USD will gain more strength against other currencies.
DXY https://www.tradingview.com/chart/DXY/uubj0qWL-USD-Index-DXY-Analysis-Bullish-Outlook/
https://www.tradingview.com/x/HYWY4Mb0/
Nota
🟥Fed Interest Rate Decision
Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.
A higher than expected rate is positive for the USD.🔼
A lower than expected rate is negative for the USD.🔽
Nota
The First TP has been reached
Nota
Operación cerrada: objetivo alcanzado
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