search

An incredible cashback rate!
40% of the spread!

Join Now

Will the pound's upward momentum against the U.S. dollar continue?

Market Report

  1. homeHOME
  2. Market Report
  3. Will the pound’s upward momentum against the U.S. dollar continue?

Will the pound's upward momentum against the U.S. dollar continue?

26.07.2022

Today's Highlights
  1. Richmond Fed Manufacturing Index (U.S.)
  2. U.S. S&P/Case-Shiller Home Price Index

In the previous day’s trading, the U.S. dollar weakened against the euro, and the GBP/USD pair rose from 1.1959 to 1.2086.From a technical perspective, while the GBP/USD pair is trading just below the 200-period SMA on the 4-hour chart, it has touched the -2σ level of the Bollinger Bands on the weekly chart, and the RSI is at a low level of 32. Therefore, we will be closely monitoring whether the rebound will continue.

European currencies fell against Oceania currencies as the German Ifo Business Climate Index for July, released yesterday, came in below the previous reading at 88.6—its lowest level in two years. The EUR/AUD pair fell by approximately 130 pips from 1.4802 to 1.4677.The pair continues to test lower levels during today’s Asian trading session. If the EUR/AUD breaks below its recent low of 1.4602, it could lose support and accelerate its decline, so we will need to closely monitor the direction of the market.

Today, the UK CBI Retail Trade Survey is scheduled for 19:00 European time, followed by the Turkish Housing Price Index at 20:30; in U.S. time, the U.S. S&P/Case-Shiller Home Price Index is scheduled for 22:00,at 11:00 PM, the U.S. Consumer Confidence Index, New Home Sales, and the Richmond Fed Manufacturing Index, and at 2:00 AM, a U.S. 5-year Treasury auction. We will be watching closely to see if the pound, which has been showing strength, will rebound and rise against the U.S. dollar.

桜井 慶介

Author: Keisuke Sakurai

He has over 10 years of experience in FX trading. In the financial sector, he has been involved in investment management with a particular focus on foreign exchange markets, and he also has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

Previous Article

Should We Keep an Eye on the Direction of the U.S. Dollar Against the Swiss Franc?

Next Article

All eyes are on whether the weakening euro will follow the U.S. dollar’s lead following the FOMC meeting
alert
Notification Settings
close

If you're using iOS

iOSをご利用の場合

If you're using iOS, tap the "Add/Save" icon at the bottom of Safari and select "Add to Home Screen." Once you've added it to your Home Screen, you can turn on "Receive Push Notifications" as shown above.

Click here for detailed instructions

If you're using an Android device or a PC

Android、PCをご利用の場合

If you're using an Android device or a PC, you can simply turn on "Receive push notifications" as shown above without installing the app. (If your browser asks for permission, please select "Allow.")

You can find instructions on how to add this to your smartphone's home screen below.

Click here for detailed instructions
USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
arrow Return to Notification Settings
close
Details of Each Notification
line Receive key metrics and announcements

You will receive notifications about key metrics and limited-time promotions. If you turn this feature off, you may not be able to participate in limited-time promotions.

line Received a round number notification

A feature that sends notifications when a price reaches a round number. Receiving these notifications helps traders capitalize on trading opportunities and manage risk, which is why many traders are taking notice.

polygon USDJPY

Notifications are sent for every 100 pips (1 JPY) (e.g., 1 USD = 147 JPY, 1 USD = 148 JPY, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours) have passed.

polygon XAUUSD

Notifications are sent every 500 pips (50 USD) (e.g., $3,000, $3,050, etc.). Notifications for the same rate are reset after 3 days (72 hours) have passed.

polygon BTCUSD

Notifications are sent every 5,000 USD (e.g., 110,000 USD, 115,000 USD, etc.). Notifications for the same exchange rate are reset after 3 days (72 hours).

line Received notification of a sudden price fluctuation (sharp rise or fall in the exchange rate)

Receive real-time notifications of price fluctuations for USD/JPY, gold, and Bitcoin. Never miss a trading opportunity, even when you're on the go, and place orders that instantly respond to market conditions.

polygon USDJPY

You will receive a notification when there is a fluctuation of 30 pips (0.3 JPY) or more within 10 minutes (sharp rise or sharp drop). After that, notifications for sudden fluctuations under the same conditions will be suspended for 1 hour.

polygon XAUUSD

You will receive a notification when the price fluctuates by more than 20 USD within an hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be paused for 4 hours.

polygon BTCUSD

You will receive a notification when the price fluctuates by more than 2,000 USD within one hour (sharp rise or sharp drop). After that, notifications for sudden price fluctuations under the same conditions will be suspended for 4 hours.

Return to Notification Settings