(VIANEWS) – The Fed is content with the US’s progress and has already had its first discussion about when to taper bond purchases. However, there doesn’t seem to be any rush.
FXStreet reported that the Washington-based organization reiterated its views on rising inflation. It viewed it as temporary, and a price shock caused by the quick reopening of the market. This is not likely to lead to persistently high inflation. The institution also pointed out that many Americans are still not returning to work, and noted the risks posed by Delta covid variant. However, this has a lower impact than before.
GBP/USD (GBPUSD) is currently on bullish momentum. At 11:07 EST on Thursday, 29 July, GBP/USD (GBPUSD) is at 1.3978, 0.5004% up since the last session’s close.
GBP/USD (GBPUSD) Range
Concerning GBP/USD’s daily highs and lows, it’s 0.561% up from its trailing 24 hours low of $1.39 and 0.489% up from its trailing 24 hours high of $1.39.
GBP/USD’s yearly highs and lows, it’s 10.237% up from its 52-week low and 1.888% down from its 52-week high.
GBP/USD’s last week, last month’s, and last quarter’s current volatility was a negative 0.09%, a negative 0.18%, and a positive 0.47%, respectively.
GBP/USD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.49% (last week), 0.40% (last month), and 0.47% (last quarter), respectively.
Forex Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/USD’s Forex is considered to be oversold (<=20).
Last news about GBP/USD (GBPUSD)
Pound sterling price news and forecast: gbp/usd well-positioned to fight back against king dollar . According to FXStreet on Tuesday, 27 July, “The GBP/USD pair gained strong positive traction on Monday and built on last week’s solid rebound from the lowest level since early February. ”
Gbp/usd sticks to strong gains near 1.3970-75, multi-week tops on dismal US GDP. According to FXStreet on Thursday, 29 July, “The GBP/USD pair maintained its strong bid tone through the early North American session and refreshed multi-week tops, around the 1.3970-75 region in reaction to weaker US macro releases.”, “This, in turn, should continue to act as a headwind for the greenback and pave the way for an extension of the GBP/USD pair’s ongoing positive momentum.”
Pound sterling price news and forecast: gbp/usd breaches 1.3900 mark. According to FXStreet on Thursday, 29 July, “More ground to cover” – the Federal Reserve has said it is waiting for more data before tightening, and that has sent GBP/USD to the highest in a month. “, “The GBP/USD currency exchange rate has passed the resistance of the 1.3900 marks and the weekly R2 simple pivot point at 1.3919. ”
Pound sterling price news and forecast: gbp/usd reaches 1.3900 level. According to FXStreet on Wednesday, 28 July, “A combination of diverging forces failed to provide any meaningful impetus to the GBP/USD pair and capped the upside just ahead of the 1.3900 round-figure mark. “, “The GBP/USD currency exchange rate managed to pass the resistance of the weekly R1 simple pivot point at 1.3835 due to the support of the 55-hour simple moving average. ”
Gbp/usd price analysis: bulls struggle above 1.3820. According to FXStreet on Tuesday, 27 July, “At the time of writing, the GBP/USD pair is trading at 1.3826, up 0.06% for the day.”, “Alternatively, if price moves lower, GBP/USD could touch the 1.3800 horizontal support level followed by the low of July 26 at 1.3737.”
News about USD/JPY
Usd/jpy bears taking control due to lower US yields. According to FXStreet on Monday, 26 July, “At the time of writing, USD/JPY is a touch lower on the day so far at 110.34, but it has recovered from the lows of the day down at 110.11.”
Usd/jpy slides to fresh session lows, around 110.30-25 region. According to FXStreet on Monday, 26 July, “The anti-risk flow was reinforced by retreating US Treasury bond yields, which kept the US dollar bulls on the defensive and exerted additional pressure on the USD/JPY pair.”, “A turnaround in the global risk sentiment benefitted the safe-haven Japanese yen and turned out to be a key factor that acted as a headwind for the USD/JPY pair.”
Usd/jpy pares intraday losses, down little around 110.30 region. According to FXStreet on Monday, 26 July, “This, in turn, took its toll on the global risk sentiment, which benefitted the safe-haven Japanese yen and exerted pressure on the USD/JPY pair.”, “That said, a goodish rebound in the equity markets and the US bond yields acted as a headwind for traditional safe-haven assets and helped limit any deeper losses for the USD/JPY pair. ”
Usd/jpy price analysis: bulls face stiff resistance near 110.50. According to FXStreet on Monday, 26 July, “On the daily chart, the USD/JPY pair is facing strong resistance near the descending trendline from the high of 111.63.”, “The USD/JPY pair will make the next move towards Friday’s low of 110.08 followed by the 109.85 horizontal support level.”
More news about GBP/USD (GBPUSD).