No problem — we will send you a password reset link to your registered email
Still no joy? Contact us
Thanks — all done!
Please check your inbox and follow
the instructions
Still no joy? Contact us
... and now a few questions so we can create your bespoke configuration
(we will email it to you)
You can answer the questionnaire later, or choose the default TradeRadius profile if you prefer
You Are Subscribed To TradeRadius News!
Link is expired. Please try again.
Your comment has been sent for moderation.
You are skipping the configuration step. It means we will apply default Quant Model configuration to your account. You will be able to answer the questions later. If you would like to get personalized configuration, please, answer on the questionnaire
live commentary Post
Pound Sterling remains firm above 1.2700 with eyes on UK inflation
By TradeRadius | Tue, 21 May 2024 08:27:24 UTC
The Pound Sterling (GBP) exhibits a firm footing, trading slightly above 1.2700 in Tuesday’s European session. The next move in the GBP/USD pair will likely be guided by the United Kingdom Consumer Price Index (CPI) data for April and the Federal Open Market Committee (FOMC) minutes for the May meeting, which will be published on Wednesday.
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, remains steady near 104.60 as investors look for fresh cues about when the Federal Reserve (Fed) will start reducing interest rates. Investors await the FOMC minutes to get a deep understanding of policymakers’ views on the interest-rate outlook.
The impact of the FOMC minutes on markets could be light as the inflation outlook in the US has changed significantly since the last Fed meeting. Inflation declined as expected in April, signalling that the progress in the disinflation process has restarted after failing to do so during the January-March period. As the last Fed meeting was held before the release of the latest inflation print, the communication from Fed officials over interest rates is expected to be significantly hawkish.
Despite April’s decline in US inflation, Fed officials seem to still lack confidence that price pressures will sustainably return to the desired rate of 2%. On Monday, Fed Vice Chair for Supervision Michael Barr said that "Q1 inflation was disappointing, did not provide the confidence needed to ease monetary policy". Barr vowed for allowing more time for a tight policy stance to do its job.
Daily digest market movers: Pound Sterling moves higher despite steady US Dollar
Technical Analysis: Pound Sterling trades above 1.2700
The Pound Sterling extends its winning spell for the third trading session on Tuesday but prices hover inside Monday’s trading session, suggesting that investors await fresh triggers for further action. The GBP/USD pair advances to an almost two-month high near 1.2700. The Cable is expected to remain in the bullish trajectory as all short-to-long-term Exponential Moving Averages (EMAs) are sloping higher, suggesting a strong uptrend. The Cable has retraced 61.8% of losses from March’s high around 1.2900.
The 14-period Relative Strength Index (RSI) has shifted into the bullish range of 60.00-80.00, suggesting that the momentum has leaned toward the upside.
Partners News
USD/JPY Outlook: Yen Retreats From 2-Month Top After US GDP
The USD/JPY outlook is slightly bullish, with the yen retreating from a 2-month high. This shift comesas the dollar strengthens on the back of upbeat GDP data, indicating a robust economic landscape. At the same time, investors look forward to next week’s Bank of Japan policy meeting.
By TradeRadius | 21 Minutes Ago
GBP/USD Price Analysis: Weak Upside Ahead of US Inflation
The GBP/USD price analysis highlights a bearish trend despite a slight recovery ahead of the US inflation data. The pound fell as investors increased expectations for Bank of England rate cuts in the previous session. At the same time, the dollar was steady amid signs the US economy remains...
By TradeRadius | 21 Minutes Ago
Targeted dating apps make match with mainstream rivals left on shelf
Community knowledge is helping sites such as Grindr and Feeld reel in users, while Tinder and Bumble lose lustre
By TradeRadius | 36 Minutes Ago
Ceigall India opens bid for IPO on August 1. Check dates, other details
The IPO consists of a fresh issue of shares worth Rs 617.69 crore and an offer for sale (OFS) of up to 1.42 crore shares with a face value of Rs 5 per share. The company has informed that the price band, employee discount and the minimum bid lot will be decided by the company…
By TradeRadius | 46 Minutes Ago
Steve Kornacki breaks down the rules of Olympic Handball | Keeping Score
IE 11 is not supported. For an optimal experience visit our site on another browser. July 26, 202403:14 UP NEXT U.S. swimmer Torri Huske wins the 100m Butterfly Olympic heat race 02:10 Watch riveting moment from USA vs China in Olympic Badminton 01:15
By TradeRadius | 46 Minutes Ago
‘He always managed to play golf’: My husband of 14 years never worked and now we’re divorcing. He wants half of my $1 million home. What can I do?
“I made all the mortgage payments, in addition to paying for health coverage for both of us.”
By TradeRadius | 1 Hours Ago
Team USA push for first gold medals as Olympic Games kick off
21m ago / 8:45 AM UTC Freddie Clayton For those who caught last night’s opening ceremony, you may have noticed the torrential rain pouring down on Paris. And due to the adverse weather, organizers have pushed back the men’s street skateboarding event originally scheduled to start this morn...
By TradeRadius | 1 Hours Ago
High housing costs hitting record highs, Harvard University report says
Economists predict mortgage rates will remain elevated for the rest of the year and will only begin to fall once the Federal Reserve starts cutting rates. The high cost of housing is making it hard for many Americans to make ends meet, and monthly rents are rising faster than wages, according t...
By TradeRadius | 2 Hours Ago
Custom duty reduction impact: How gold prices may perform in near future
Government has slashed customs duties on gold and silver by 6 percent. The basic customs duty has been reduced to 5 percent from 10 percent, and the Agriculture Infrastructure and Development Cess lowered to 1 percent from 5 percent. This decision will effectively bring down the overall taxes...
By TradeRadius | 2 Hours Ago
Job losses, protests present difficulties for Chinese Communist Party
Job losses and wage cuts from China's economic downturn are hitting key industries, according to the South China Morning Post, and analysts say the situation could lead to political difficulties for the ruling Chinese Communist Party (CCP).
By TradeRadius | 3 Hours Ago
Subscribe to get news