USDX
104.185

0.31%

XAUUSD
1817.70

0.32%

WTI
109.262

0.90%

EURUSD
1.04363

0.22%

GBPUSD
1.22520

0.08%

USDJPY
129.082

0.10%

USNDAQ100
12358.12

0.07%

Global Markets

Home
News

Financial News Latest Analysis

Turkey Witnesses Bitcoin Frenzy Amid Economic Turmoil

Cryptocurrency ownership is soaring in Turkey as high inflation and a weak lira prompt Turks to seek ways to preserve the value of their savings. Concerns rise about a fast-growing industry and legislation is overdue.

Skepticism About Sudanese Military's Calls for Dialogue

Analysts believe the recent call by Sudan's military leaders for a dialogue to overcome the ongoing political crisis will not lead to any results.

After Reopening, Thailand's Battered Tourism Struggles to Rebuild

Authorities hope 5 to 15 million visitors will visit the country this year, down from 40 million before the pandemic.

China's Economy Cools Down Significantly. Will the CNY Continue to Depreciate?

Under the impact of the pandemic, China's economy cooled down significantly in April, with downward pressure on the economy coming to the fore and the CNY exchange rate continuing to depreciate, but the economy is also expected to improve with the better conditions of the pandemic and policy stimul

PENDING

WTI: Several Indicators Are Driving Oil Prices Higher

PENDING

XAUUSD: Prices Could Enter Medium-Term Recovery Phase After Sharp Sell-Off

PENDING

GBPUSD: GBP Has Been Fluctuating Downward, Recommended to Buy Low and Sell High

TRADING

EURUSD: Here Comes EUR Weakness as It Falls Back after a Rise

Sections
7x24
Calendar
Market

Video

Trading Academy

Latest update

What is a Trend

Technical traders believe the market moves in trends. Dow theory divides trends into three categories - primary trend, secondary trend, and minor trend.

Interest Rate (2)

The International Fisher Effect can be used in predicting the future trend of the exchange rate, providing a higher win rate for forex traders.

Forex Option Trading Strategy

Options combo strategies in forex trading, such as call options + spots, put options + options, and options + options. How do these strategies help investors reduce risks and increase returns?

Forex Option

In the forex market, traders use options trading to curb the risks associated with exchange rates. Forex options give investors the choice to trade the forex market at a particular time in the future.

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular indicators

Pro

AnalyzeTrading Strategy

Recommended Strategies

Recent Searches
    Trending Searches
      Market
      7x24

      View all

      Data Temporarily Unavailable

      Quick Access to Market News Real-Time Quotes Full Access to Pro Video Channel Full Access to Economic Indicators Member-only Database
      Register for Free Membership
      Login/Subscribe Now
      Membership expiration:
      English
      • English
      • 繁體中文

      Login

      Sign up

      FastBull user

      • My Favorites
      • Following
      • My subscription
      • Personal info
      • Member center
      • Account settings
      • Sign out
      Reminder settings
      • Economic Calendar
      • Market quotes

      Reminders Temporarily Unavailable

      Feedback
      0 /250
      • Attach an Image
      • Attach an Image
      • Attach an Image
      • Attach an Image
      0/4
      Contact Information (optional)
      Submit
      Join now
      I have a redeem code

      How to get a redeem code?

      1. Choose a provider for a redeem code

      Rules for using redeem codes:

      1.The activated redeem code cannot be used again

      2. Your redeem code becomes invalid if it has expired

      Redeem

      Fastbull Membership privileges

      Quick Access to AI News

      Quick Access to Editor-selected News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      Market quotes in the free version update every 3 seconds. Market quotes in the paid version update in real-time.

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Share
      Upgrade to FastBull Pro
      Member benefits
      Share Upgrade to FastBull Pro

      Share FastBull · Get a free 30 days membership

      When the user you invited has completed their first log-in, you will get a 30-day free membership
      Share this link and get your membership
      Copy

      Email

      FaceBook

      Twittter

      Scan QR code with mobile phone

      Upgrade to FastBull Pro

      《Membership Service Agreement》

      GBPUSD: It Is Advisable to Short at Highs due to Strong Descending Momentum

      Summary:

      The short-term U.S. bond yields and the USD continue to soar, the GBP still could fall under pressure.

      Sell GBPUSD EXPIRED
      EXP

      1.25500

      ENTRY PRICE

      1.24050

      TGT PRICE

      1.26200

      SL PRICE

      1.22520 -0.00097 -0.08%

      --

      Point

      EXPIRED

      1.24050

      TGT PRICE

      TARGET UNREACHED

      1.24382

      CLOSING PRICE

      1.25500

      ENTRY PRICE

      1.26200

      SL PRICE

      Fundamentals

      The UK CBI's headline retail sales balance recorded -35 in April, a new low since March 2021. This suggests that the rising cost of living could be dragging down consumer activity. A range of recent economic data points to a slow recovery in the U.K. economy. With high inflationary shocks caused by the pandemic and geopolitical crisis, the risk of recession increases, leaving the Bank of England in a dilemma in formulating policy.
      In contrast, the Federal Reserve's pace of interest rate hikes is increasingly aggressive, considerably more hawkish than the Bank of England. The short-term U.S. bond yields and the USD continue to soar, the GBP still could fall under pressure.

      Technical Analysis

      GBPUSD: It Is Advisable to Short at Highs due to Strong Descending Momentum_1
      In the weekly chart, GBPUSD continues its descending trend since the middle of last year. Although the RSI indicator has entered the oversold area, the room for fall is completely opened after the exchange rate broke below the 1.30 mark. With the strong short-term descending momentum, the GBPUSD could fall further towards the below support level around 1.2336.GBPUSD: It Is Advisable to Short at Highs due to Strong Descending Momentum_2
      In the 4H chart, the GBPUSD bears dominate the market. After falling below the 1.30 mark, the bulls failed to dominate, and the 1.26 mark was broken for the first time since July 2020. Then, the GBPUSD hit an intraday low of 1.2503. With the strong descending momentum, there is still a possibility of further decline after a short-term correction.
      It is recommended to go short at highs. You can go short with the price of around 1.2550. The target is set near 1.2400, with a stop loss above 1.2600.
      Support Levels: 1.2500/1.2400
      Resistance Levels: 1.2600/1.2700
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to AI News

      Quick Access to Editor-selected News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      Market quotes in the free version update every 3 seconds. Market quotes in the paid version update in real-time.

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Jason

      analyst

      I have an in-depth study of fundamentals, especiaslly for the US dollar market. I'm good at short and medium term trading by virtue of my profound financial theoretical knowledge and extensive practical experience.

      Rank

      4

      Articles

      96

      Win Rate

      64.00%

      P/L Ratio

      1.28

      Most Traded Assets

      USDX、EURUSD、GBPUSD

      Related Analysis

      GBPUSD: GBP Has Been Fluctuating Downward, Recommended to Buy Low and Sell High

      PENDING

      USDX: NATO's Eastward Expansion Reappears, Risk Aversion May Boost USD

      TRADING

      EURUSD: EUR Failed to Break Below 1.0350 and May Pull Back in the Short Term

      CLOSED +524 Points

      USDX: Though Starting Rising, USD May Retrace in the Near Term

      CLOSED +487 Points

      USDX: With an Optimistic Market Expectation, USD May Surge Over 104.3

      EXPIRED
      FastBull
      TelegramInstagramTwitterApp StoreApp StoreApp StoreGoogle Play

      Copyright @Fastbull Ltd

      Home News Sections AI News Economic Calendar Market Video Data WarehouseFastBull Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.