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GBPUSD Technical Analysis - Watch these signs for a possible turnaround

The big USD selloff following the miss in the US CPI report has been recently completely erased as the US data continued to surprise to the upside and keep the chances of a rate hike after the July increase alive. In fact, the US Initial Claims last week beat expectations and fell to record lows while the US PMIs yesterday showed a mixed picture although the Manufacturing PMI beat expectations by a big margin. The Fed is expected to hike by 25 bps this week and remain data dependent. So, if we k... Read More

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Content Topics

Gbpusd

Technical

Analysis

Watch

These

Signs

Possible

Turnaround

Forex

Posted: Jul 25 2023, 06:11

Author Name: forexlive

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