GBPUSD Insight
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Key Points
- The Bank of Canada lowered its benchmark interest rate by 50 basis points from 4.25% to 3.75%.
- In a U.S. 20-year Treasury auction of $13 billion, the yield was set at 4.590%, 5.51 basis points higher than the previous auction, marking the highest level since May.
- The October Beige Book assessed that U.S. economic activity remained unchanged in almost all regions since early September.
- Reports suggest that ECB policymakers have begun discussions on lowering the policy rate below the neutral level.
- The U.K.'s September CPI rose by 1.7%, with a 91% chance of a rate cut in November.
Economic Indicators
- October 24: Speech by the BoE Deputy Governor, U.S. Manufacturing PMI, U.S. Services PMI, U.S. Initial Jobless Claims
- October 25: Speech by BoE Governor Bailey
Chart Analysis
Currently, GBPUSD is in an upward trend but is facing resistance at the 1.34000 level and is showing signs of pulling back. Since the price is forming near the support level, there is potential for a rebound. However, if it breaks below the 1.29000 level, further declines to the 1.26000 level are expected. A rise toward the highs may occur within this range.
We will quickly adjust our strategy if movements differ from expectations.
Please share your personal opinions in the comments. Don't forget to like and subscribe!
Key Points
- The Bank of Canada lowered its benchmark interest rate by 50 basis points from 4.25% to 3.75%.
- In a U.S. 20-year Treasury auction of $13 billion, the yield was set at 4.590%, 5.51 basis points higher than the previous auction, marking the highest level since May.
- The October Beige Book assessed that U.S. economic activity remained unchanged in almost all regions since early September.
- Reports suggest that ECB policymakers have begun discussions on lowering the policy rate below the neutral level.
- The U.K.'s September CPI rose by 1.7%, with a 91% chance of a rate cut in November.
Economic Indicators
- October 24: Speech by the BoE Deputy Governor, U.S. Manufacturing PMI, U.S. Services PMI, U.S. Initial Jobless Claims
- October 25: Speech by BoE Governor Bailey
Chart Analysis
Currently, GBPUSD is in an upward trend but is facing resistance at the 1.34000 level and is showing signs of pulling back. Since the price is forming near the support level, there is potential for a rebound. However, if it breaks below the 1.29000 level, further declines to the 1.26000 level are expected. A rise toward the highs may occur within this range.
We will quickly adjust our strategy if movements differ from expectations.
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cafe.naver.com/autumnis
오픈 카톡방 :
pf.kakao.com/_txlKqxj/chat
텔레그램 :
t.me/shawntimemanager
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