GBP/USD ignores downbeat options market signals to aim for 1.2350 retest – by anilpanchal7 GBPUSD Options Markets RiskAppetite Currencies
That said, the options market signals seem to underpin the broadly bearish bias surrounding the GBP/USD pair, even if failing to support the latest rebound.
It should be noted that the RR is the difference between the call options and put options and generally directs theTalking about the quote’s latest inaction, the same could be linked to the cautious mood ahead of the Federal Open Market Committee monetary policy meeting. Even so, downbeat UK inflation expectations and housing statistics keep the GBP/USD bears hopeful.GBP/USD: Downbeat UK inflation expectations, housing data supersede Brexit news above 1.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD remains confined in a range below 1.2400, awaits FOMC/BoE meetings this weekThe GBP/USD pair kicks off the new week on a subdued note and seesaws between tepid gains/minor losses through the early European session. The pair re
Read more »
GBP/USD Forex Signal: Cup and Handle, Triple-Top FormsThe GBP/USD exchange rate remained stuck near its highest level this year as investors waited for an extremely busy week.
Read more »
GBP/USD Price Analysis: Slips to fresh lows of the day at around the 1.2360 areaGBP/USD losses ground in the New York session, ahead of a busy week in the global economic docket, with major central banks hosting monetary policy de
Read more »
GBP/USD bears attack 1.2350 as US Dollar traces firmer yields with amid cautious moodGBP/USD bears attack 1.2350 as US Dollar traces firmer yields with amid cautious mood – by anilpanchal7 GBPUSD RiskAppetite Inflation CentralBanks Currencies
Read more »
GBP/USD Price Analysis: Finds demand below 1.2350 as USD Index dropsThe GBP/USD pair has sensed a buying interest after dropping below 1.2340 in the Asian session. On Monday, the Cable witnessed selling pressure after
Read more »
GBP/USD finds an intermediate cushion around 1.2330, Fed-BoE policy divergence to trim aheadGBP/USD has gauged intermediate support around 1.2330 after a vertical decline move in the early European session. The further downside in the Cable i
Read more »