GBP/USD: Fundamental Analysis/ Overview
Fundamental Analysis:
1) The British Prime Minister Liz Truss has a controversial economic plan, meanwhile the UK government will raise corporate taxes to help support dwindling government finances.
2) Sterling Pound gained on the news that UK will bring forward its tax and spending plans in a bid to reassure markets after the turmoil associated with the start of new UK Prime Minister Liz Truss.
3) UK Treasury announced that Chancellor of the Exchequer Jeremy Hunt want to announce new tax and spending plans later in the effort to calm Britain markets which had been roiled by his predecessor's economic program.
4) Chancellor Jeremy Hunt will make a statement in the UK House of Commons with the role on measures to "support fiscal sustainability".
5) UK Prime Minister Liz Truss will announce an emergency bond buying program to fund massive tax cuts with borrowing, as a smart plan to resulting in the UK Central Bank as stepping in to restore calm in the Britain markets.
Fundamentally, we see an optimistic news in this week what there's an economic plan to support the UK government finance in raise corporate taxes to help the public spending in the turn to reassure the Britain markets. It's appear that Miss Truss want to create an emergency bond buying program with the objective to fund massive tax cuts with borrowing to restore the calm in the Britain markets. So, it's an indication that Pound look bullish sentiment by this clue what I summary here.
Overview:
Based in the fundamental analysis, Sterling Pound look bullish in H1 timeframe, what technically Pound forming lower high in the H1 timeframe indicating that bulls are bought and also, by definition, it's look like a change of trend. But obviously, we would to continue read fundamental analysis, the key for success in Forex market. So, I see that look bullish, but right now we can't to buy, in my analysis, GBP could to down a little like $1.1317 USD, what we could to buy in the downline that forming this bullish channel, what I suggested to put an alarm in $1.1320 USD when that alarm will notify us when the price raise in this zone of "possible bought" to waiting to develop it with confirmation to entry in the good trade to long position.
***After Hurricane Fiona in my country, I return to the normality after almost 5 weeks offline and disconnected of Forex and global financial market.
Thank you!!!
1) The British Prime Minister Liz Truss has a controversial economic plan, meanwhile the UK government will raise corporate taxes to help support dwindling government finances.
2) Sterling Pound gained on the news that UK will bring forward its tax and spending plans in a bid to reassure markets after the turmoil associated with the start of new UK Prime Minister Liz Truss.
3) UK Treasury announced that Chancellor of the Exchequer Jeremy Hunt want to announce new tax and spending plans later in the effort to calm Britain markets which had been roiled by his predecessor's economic program.
4) Chancellor Jeremy Hunt will make a statement in the UK House of Commons with the role on measures to "support fiscal sustainability".
5) UK Prime Minister Liz Truss will announce an emergency bond buying program to fund massive tax cuts with borrowing, as a smart plan to resulting in the UK Central Bank as stepping in to restore calm in the Britain markets.
Fundamentally, we see an optimistic news in this week what there's an economic plan to support the UK government finance in raise corporate taxes to help the public spending in the turn to reassure the Britain markets. It's appear that Miss Truss want to create an emergency bond buying program with the objective to fund massive tax cuts with borrowing to restore the calm in the Britain markets. So, it's an indication that Pound look bullish sentiment by this clue what I summary here.
Overview:
Based in the fundamental analysis, Sterling Pound look bullish in H1 timeframe, what technically Pound forming lower high in the H1 timeframe indicating that bulls are bought and also, by definition, it's look like a change of trend. But obviously, we would to continue read fundamental analysis, the key for success in Forex market. So, I see that look bullish, but right now we can't to buy, in my analysis, GBP could to down a little like $1.1317 USD, what we could to buy in the downline that forming this bullish channel, what I suggested to put an alarm in $1.1320 USD when that alarm will notify us when the price raise in this zone of "possible bought" to waiting to develop it with confirmation to entry in the good trade to long position.
***After Hurricane Fiona in my country, I return to the normality after almost 5 weeks offline and disconnected of Forex and global financial market.
Thank you!!!
Beware with long in Pound pars