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GBP/USD tumbles to session lows near 1.3050

Cable moves humiliate and approach the 200-day SMA.
UK Construction PMI dropped to 50.6 in January.
Brexit negotiations period-fortunate to resume this week.

The offered bias concerning the British Pound remains accurately and sealed at the dawn of the week and is now dragging GBP/USD to light daily lows in the mid-1.3000s.

GBP/USD weaker challenges 200-hours of daylight SMA

The selling feels in Cable has intensified today after UK Construction PMI dropped to 50.6 for the month of January, greater than initially forecasted and all along from Decembers 52.8.

The pair is retreating for the third day in a quarrel today, although the vital 200-day SMA in the 1.3050 places appears to be holding nimbly the downside pressure for the become very old mammal.

With less than 60 days for the Brexit deadline (March 29), both EU and UK officials continue to mitigation blaming fingers to each auxiliary even if not even a trace of an appointment appears not far off from the horizon. The UK Parliament will have the adjacent-door key vote behind quotation to speaking the subject of February 14, where a potential malleability to Article 50 could be upon the cards (as competently as a hard Brexit scenario).

GBP/USD levels to insist

As of writing, the pair is losing 0.09% at 1.3062 facing the neighboring preserve at 1.3043 (200-hours of hours of daylight SMA) seconded by 1.2955 (21-day SMA) and finally 1.3001 (high Jan.17). On the supplement hand, a crack above 1.3217 (2019 high Jan.25) would sensitivity the door to 1.3257 (monthly high Oct.12 2018 and moreover 1.3298 (monthly high Sep.20 2018.


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#1 - February 04, 2019, 10:23:45 AM

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currently the price of GBPUSD goes to the support area of 1.3424, if the area is able to break then GBPUSD will go to the price of 1.30100,
#2 - February 04, 2019, 11:16:15 AM

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GBPUSD today if we look at the daily timeframe, we can make a conclusion if current trend on daily basis on bearish, daily candle figure out bear candle although with the small body and now when this post was made, price on 1.30544 and close with previous low, its mean not yet breakout, because the market is quite weak, and look RSI line not yet on overbought area, but showing downtrend 
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#3 - February 04, 2019, 02:05:02 PM

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GBP/USD weaker looks to 1.3000 appendix-PMI

Cable drops additional in the wake of PMI figures.
Key Services PMI slipped apportion support to 50.1 in January.
Brexit headlines remain absent ahead of the February 14 vote.

The selling pressure around the Sterling is now picking stirring pace and dragging GBP/USD to the vicinity of the psychological end at 1.3000 the figure.

GBP/USD offered on the subject of poor data

Cable is intensifying the weekly leg lower after the vital Services PMI came in out cold expectations at 50.1 in January, the lowest level previously July 2016.

The sentiment concerning the British Pound has been deteriorating as of late like renewed pessimism and increasing uncertainty surrounding the Brexit negotiations, all forcing spot to recede from last weeks 2019 highs above 1.3200 the figure.

Still nearly Brexit, UKs PM Theresa May is received to defend her aspire to clinch a join up and avoid a hard secure scenario at today's visit to Northern Ireland.

GBP/USD levels to deem

As of writing, the pair is losing 0.15% at 1.3016 facing the neighboring preserve at 1.3000 (high Jan.17) seconded by 1.2965 (21-hours of daylight SMA) and finally 1.2902 (100-hours of daylight SMA). On the supplementary hand, a fracture above 1.3089 (10-daylight SMA) will reaction the read to 1.3217 (2019 high Jan.25) and furthermore 1.3257 (monthly high Oct.12 2018).
#4 - February 05, 2019, 10:56:27 AM

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GBP/USD weaker looks to 1.3000 appendix-PMI

Cable drops additional in the wake of PMI figures.
Key Services PMI slipped apportion support to 50.1 in January.
Brexit headlines remain absent ahead of the February 14 vote.

The selling pressure around the Sterling is now picking stirring pace and dragging GBP/USD to the vicinity of the psychological end at 1.3000 the figure.

GBP/USD offered on the subject of poor data

Cable is intensifying the weekly leg lower after the vital Services PMI came in out cold expectations at 50.1 in January, the lowest level previously July 2016.

The sentiment concerning the British Pound has been deteriorating as of late like renewed pessimism and increasing uncertainty surrounding the Brexit negotiations, all forcing spot to recede from last weeks 2019 highs above 1.3200 the figure.

Still nearly Brexit, UKs PM Theresa May is received to defend her aspire to clinch a join up and avoid a hard secure scenario at today's visit to Northern Ireland.

GBP/USD levels to deem

As of writing, the pair is losing 0.15% at 1.3016 facing the neighboring preserve at 1.3000 (high Jan.17) seconded by 1.2965 (21-hours of daylight SMA) and finally 1.2902 (100-hours of daylight SMA). On the supplementary hand, a fracture above 1.3089 (10-daylight SMA) will reaction the read to 1.3217 (2019 high Jan.25) and furthermore 1.3257 (monthly high Oct.12 2018).
Thank you for the news information about GBPUSD,

this is very useful and I will often visit here about the negative sentiment GBP it feels very influential on the GBPUSD pair.
#5 - February 05, 2019, 08:05:57 PM

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As some news outlets pointed out, Theresa May certainly made a speech yesterday, however, not before the British parliament but in Belfast. In this connection, he discussed the possibility of "strong" Brexit in which he refused the possibility of delaying exit from the European Union or repeated referendum. With all the "X" hours to come, the pound moves up.

In addition, Nissan, a Japanese carmaker, abandoned its plans for the production of the X-Trail SUV at a factory in the UK, while Sony had decided to move its headquarters in Europe from England to the Netherlands. Moreover, Hitachi stated that the company will stop operating on the UK nuclear power plant project.

In addition, Marine Le Pen stated that the aim of the European Union was to make Britain's separation as painful as possible. On the other hand, Nicola Sturgeon stated that Britain was not even ready to leave the community. In general, political news lowered the pound below the benchmark at 1.30 in the accumulated zone region on January 22-23 at 1.2950, & # 8203; & # 8203; after negative information about the index of business activity in the service segment was published, which fell to the lowest level in 2.5 years.

As seen in the time frame, the bear signal is pushed, and the goal is the strong 1.2880 level. However, there are other factors that can influence this - especially, Trump's speech. It's hard to try and think about where the dollar will go. And according to statistics from the United States, the prediction for GDP is that it will experience a solid decline. Also, retail sales are anticipated with a decline.

On Thursday, Theresa May will hold negotiations with Jean-Claude Juncker, leader of the European Commission. The prime minister plans to influence changes to the certification issue to maintain a strategic distance from the boundary between Northern Ireland and the entire island. Simultaneously, the European Union currently does not include modifications to the draft agreement set in November.

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#6 - February 06, 2019, 01:53:12 PM

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GBP/USD recovery faltered oppressive 1.2970, eyes roughly the subject of PM May

Cable regains some composure in the 1.2960/70 band.
Attention just roughly PM Mays meeting back DUP leader in N.Ireland.
BoE meeting, Inflation Report coming happening not far and wide and wide off from Thursday.


The British Pound has regained some shine almost the order of Wednesday and is now lifting GBP/USD to the 1.2960/70 band.

GBP/USD supported stuffy 1.2920

After bottoming out in new 2-week lows near 1.2920 in into the future trade, Cable has managed to regain some buying inclusion and rework to the upper subside of the daily range.

The other malingering of relevant headlines in the Brexit negotiations as of late appears to have weighed vis--vis the sentiment re the Sterling in p.s. sessions, sponsoring the self-denying sell-off from last weeks YTD tops substitute than 1.3200 the figure.

However, GBP has managed to reward forward today amidst speculations surrounding today's PM Mays visit to Northern Ireland to meet bearing in mind DUP leader A.Foster. It is worth recalling that May has recently reiterated she will not surgically remove the Irish backstop from her consent, although she could suggest some changes to it.

Moving to speak to, the BoE will sticking to its monetary policy meeting tomorrow along following the message of the Inflation Report.

GBP/USD levels to arbitrate

As of writing, the pair is gaining 0.13% at 1.2962 and a postponement above 1.2974 (21-hours of day SMA) will right of admission the admission to 1.3000 (tall Jan.17) and subsequently 1.3035 (200-day SMA). On the downside, the neighboring conformity emerges at 1.2924 (high Feb.6) seconded by 1.2900 (100-hours of daylight SMA) and finally 1.2803 (55-daylight SMA).
#7 - February 06, 2019, 02:21:12 PM

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GBP/USD weaker looks to 1.3000 appendix-PMI

Cable drops additional in the wake of PMI figures.
Key Services PMI slipped apportion support to 50.1 in January.
Brexit headlines remain absent ahead of the February 14 vote.

The selling pressure around the Sterling is now picking stirring pace and dragging GBP/USD to the vicinity of the psychological end at 1.3000 the figure.

GBP/USD offered on the subject of poor data

Cable is intensifying the weekly leg lower after the vital Services PMI came in out cold expectations at 50.1 in January, the lowest level previously July 2016.

The sentiment concerning the British Pound has been deteriorating as of late like renewed pessimism and increasing uncertainty surrounding the Brexit negotiations, all forcing spot to recede from last weeks 2019 highs above 1.3200 the figure.

Still nearly Brexit, UKs PM Theresa May is received to defend her aspire to clinch a join up and avoid a hard secure scenario at today's visit to Northern Ireland.

GBP/USD levels to deem

As of writing, the pair is losing 0.15% at 1.3016 facing the neighboring preserve at 1.3000 (high Jan.17) seconded by 1.2965 (21-hours of daylight SMA) and finally 1.2902 (100-hours of daylight SMA). On the supplementary hand, a fracture above 1.3089 (10-daylight SMA) will reaction the read to 1.3217 (2019 high Jan.25) and furthermore 1.3257 (monthly high Oct.12 2018).
(GPB/USD) slumped through the key handle of 1.300 during Tuesday’s afternoon trading session, the accelerant for the sell off, which saw the major pair fall through the second level of support as it fell by circa 0.62% on the day, appeared to be a weak Markit services PMI print, combined with the lack of progress the U.K. prime minister May has made in relation to the Brexit withdrawal agreement. GPB/USD was trading down 1% weekly at 20:30pm U.K. time, printing a fresh two week low, whilst eradicating the majority of the gains made in 2019. Mrs. May now has seven days to return to Parliament, to organise a fresh meaningful vote, after she failed to push through her previous attempt in mid January. So far the only progress made appears to be a hastily arranged visit to Brussels, with no defined objective in place. Despite continual insistence from Michel Barnier and Donald Tusk; that the backstop mechanism will remain in place, Mrs. May, who appears to be emboldened by Parliament narrowly voting for a possible route forward by way of an amendment, that is probably impossible to deliver on, is refusing to pay attention to the European Union’s standpoint. The precarious position of the U.K.’s economy, was illustrated by the latest IHS Markit services PMI, which came in at 50.1, just above the critical level for all PMIs of 50, which separates contraction from growth. Effectively, the U.K. is only 0.1% away from its predominant economic sector (services) entering recession. This data point should not be underestimated, services growth and activity is absolutely crucial for U.K. GDP growth. And with the U.K. manufacturing and construction PMIs also missing forecast by some distance this week, Markit’s leading indicators are all pointing to the U.K. economy either stagnating, or entering recession. A viewpoint that was backed up by Chris Williamson, the chief economist at Markit.

The major pair rose by circa 0.25% during Tuesday’s sessions, up 2.13% monthly and 6.38% yearly. The greenback rose versus the majority of its peers, as certain analysts began to ponder if the FOMC hadn’t been premature, in its reversal towards a more dovish monetary policy. Blackrock, the huge hedge fund manager, which has circa $6trillion under management, suggested that the FOMC/Fed would raise rates twice, by up to 0.50% to reach 3.0% during 2019, as CPI and wage inflation picks up in the USA economy. Wednesday February 6th is a relatively quiet day on the economic calendar, with only New Zealand’s unemployment data listed as high impact releases in late evening U.K. time. Germany’s economy will be under the microscope ,as factory orders are forecast to have slumped dramatically year on year, even if the December print indicates a rise of 0.3% in December. The January Markit PMI for Germany will also be published. From the USA in the afternoon, before the New York open, we’ll receive the latest available trade balance figure for November, the forecast from Reuters is for a slight improvement down to -$54b from the previous monthly figure of -$55.5b. The improvement is mostly related to seasonal factors and a weakening dollar during the final months of 2018, making exports more competitive.
#8 - February 06, 2019, 05:26:44 PM

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the news released for today is very effective, as well as we often evaluate the market, it can even be technical signyal does not function properly (false).
#9 - February 07, 2019, 12:43:51 AM

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(GPB/USD) slumped through the key handle of 1.300 during Tuesday’s afternoon trading session, the accelerant for the sell off, which saw the major pair fall through the second level of support as it fell by circa 0.62% on the day, appeared to be a weak Markit services PMI print, combined with the lack of progress the U.K. prime minister May has made in relation to the Brexit withdrawal agreement. GPB/USD was trading down 1% weekly at 20:30pm U.K. time, printing a fresh two week low, whilst eradicating the majority of the gains made in 2019. Mrs. May now has seven days to return to Parliament, to organise a fresh meaningful vote, after she failed to push through her previous attempt in mid January. So far the only progress made appears to be a hastily arranged visit to Brussels, with no defined objective in place. Despite continual insistence from Michel Barnier and Donald Tusk; that the backstop mechanism will remain in place, Mrs. May, who appears to be emboldened by Parliament narrowly voting for a possible route forward by way of an amendment, that is probably impossible to deliver on, is refusing to pay attention to the European Union’s standpoint. The precarious position of the U.K.’s economy, was illustrated by the latest IHS Markit services PMI, which came in at 50.1, just above the critical level for all PMIs of 50, which separates contraction from growth. Effectively, the U.K. is only 0.1% away from its predominant economic sector (services) entering recession. This data point should not be underestimated, services growth and activity is absolutely crucial for U.K. GDP growth. And with the U.K. manufacturing and construction PMIs also missing forecast by some distance this week, Markit’s leading indicators are all pointing to the U.K. economy either stagnating, or entering recession. A viewpoint that was backed up by Chris Williamson, the chief economist at Markit.

The major pair rose by circa 0.25% during Tuesday’s sessions, up 2.13% monthly and 6.38% yearly. The greenback rose versus the majority of its peers, as certain analysts began to ponder if the FOMC hadn’t been premature, in its reversal towards a more dovish monetary policy. Blackrock, the huge hedge fund manager, which has circa $6trillion under management, suggested that the FOMC/Fed would raise rates twice, by up to 0.50% to reach 3.0% during 2019, as CPI and wage inflation picks up in the USA economy. Wednesday February 6th is a relatively quiet day on the economic calendar, with only New Zealand’s unemployment data listed as high impact releases in late evening U.K. time. Germany’s economy will be under the microscope ,as factory orders are forecast to have slumped dramatically year on year, even if the December print indicates a rise of 0.3% in December. The January Markit PMI for Germany will also be published. From the USA in the afternoon, before the New York open, we’ll receive the latest available trade balance figure for November, the forecast from Reuters is for a slight improvement down to -$54b from the previous monthly figure of -$55.5b. The improvement is mostly related to seasonal factors and a weakening dollar during the final months of 2018, making exports more competitive.
Good afternoon sir, what do you think the strategy you will use in dealing with the news tonight?
#10 - February 07, 2019, 05:50:24 AM

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Analysis of GBP / USD: BOE Now Depends on Brexit
#11 - February 08, 2019, 06:02:11 AM

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GBP/USD Forecast 2019: Imprisoned by Brexit darkness Sterling is set to chart  a check mark

The outlook for the UK economy remains Brexit uncertainty dependent
The UK economy is expected to continue to expand modestly in 2019 and 2020 with the annual GDP growth rate estimated from 1.3% to 1.6% in 2019. The economic growth rate in the UK remains subdued and the lowest among G7 countries as the GDP forecast is still subject to a great deal of Brexit-related uncertainty that is weighing on both business investment and consumers’ spending.  The UK government is expected to increase its spending and introduce some short-term tax cuts, but overall Brexit is a drag to the UK economic outlook for 2019.
Although a no-deal Brexit is still not the most likely scenario for the UK economy going into 2019, the UK parliament stands in fierce opposition to the Brexit deal agreed by the government. The ruling Conservative party is divided so profoundly that the UK Prime Minister Theresa May just survived a no-confidence vote from her own party at the beginning of December in a thin victory of 200-117 votes of Conservative party members of parliament.
On the flip side of the story, the UK economy could benefit from a stronger global economy and the competitive value of Sterling that should provide a boost to the UK exports and inbound tourism. The global expansion side of the expectations has a drawback as the Eurozone economy, the UK largest trading partner is slowing down in the escalation of international trade tensions that could dampen global growth in 2019  and beyond.
The UK economic outlook and especially consumer spending should be supported by the UK inflation expectedly stabilizing at around the targeted level of 2% while the UK labor market tightness is continuously expected to press on higher wages.
The UK unemployment rate is expected to remain stuck to a four-decade low of 4.0% in 2019 and the UK wages are seen rising more than 3% over the year, with the consumer spending rising 1.5% over the year as a result.
The baseline scenario is for the Bank of England to keep gradually increasing the Bank rate at a pace of one rate hike a year.
As mentioned above, all of this can easily become a wishful dream in case the UK government no being able to get the Brexit agreement past UK parliament with the UK leaving the European Union in either no transition or even a disorderly Brexit scenario.
The Bank of England estimated four different baseline scenarios for Brexit with the close economic partnership expectedly resulting in the loss of relative GDP of -1.25% to a -3.75% compared to the level from May 2016 while the worst case no-transition, no-deal Brexit could see a relative loss of GDP amounting to -7.75% up to -10.50%.


#12 - February 08, 2019, 06:43:35 AM

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WASHINGTON - The International Monetary Fund (IMF) has warned that rising trade tensions can damage global economic growth. This was stated in a recent report on the outlook for the world economy, where the IMF also warned that the risks from the Brexit negotiations without agreement could undermine growth.

As reported by the BBC, for the world economy predicted by the IMF will grow 3.5% in 2019. Whereas in October, it is estimated to reach 3.7%. As for the UK economy, the report forecast Queen Elizebath's growth in the range of 1.5% this year and later, but also said there was substantial uncertainty around the figure.


this condition affected the GBP pair,
#13 - February 08, 2019, 11:52:30 AM

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as long as uk brexit not reached deal gbpusd will hard volatiled, still on sell rallies will safe option.
#14 - February 08, 2019, 02:59:26 PM
« Last Edit: February 08, 2019, 03:21:18 PM by Admin »

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still in process seems to be heading towards a brexit agreement. sell options are more attractive in the GBP pair, but still we must be cautious with the currency pair versus GBP. because changes at any time quickly change with forex trading conditions,
#15 - February 09, 2019, 01:28:35 AM

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