search

An incredible cashback rate!
40% of the spread!

Attention Turns to Upside Potential for GBP/USD After Recovery from Year-to-Date Low

Market Report

Attention Turns to Upside Potential for GBP/USD After Recovery from Year-to-Date Low

Today's Highlights
  1. Australia: Housing Construction Permits
  2. U.S. ISM Manufacturing Index

In the U.S. currency market the previous day, the U.S. dollar fell against the euro.The EUR/USD pair rose from 1.1447 to 1.1563. The price extended along the +2σ line of the hourly Bollinger Bands to the 200-period SMA. On the 4-hour chart, the price has surged to the +2σ line of the Bollinger Bands, and on the daily chart, it is currently recovering from near last month’s low.

Among European currencies, the pound rose against the U.S. dollar. The GBP/USD pair rose from 1.3159 to 1.3264. It moved from below the 20-period moving average on the hourly chart to above it.On the 4-hour chart, the RSI has rebounded from 25 to 46, and on the daily chart, the pair has staged a sharp recovery from its year-to-date low. Given that the pound is trending higher during today’s Asian trading session, it will be interesting to see if it gains further momentum during U.S. trading hours.

Today’s economic indicators include New Zealand housing permits at 6:45, the Bank of Japan’s Tankan survey at 8:50, Australian housing permits at 9:30, the German manufacturing PMI at 16:55, the Eurozone manufacturing PMI at 17:00,5:30 PM UK Manufacturing PMI, 6:00 PM Eurozone Employment Statistics, 8:00 PM US MBA Mortgage Applications Index, 9:15 PM US ADP Employment Report, 9:30 PM US Retail Sales, 10:05 PM US Musalem:St. Louis Fed President’s remarks, 22:10 U.S. Fed Governor Barr’s remarks, 22:45 U.S. PMI Purchasing Managers’ Index, 23:00 U.S. Business Inventories, U.S. ISM Manufacturing Index, U.S. Building Permits,and at 23:30, U.S. weekly crude oil inventories are scheduled to be released. We’ll be watching for upside potential in the GBP/USD pair, which has rebounded from its year-to-date low.

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 focused primarily on foreign exchange markets and has experience as an asset management advisor. Drawing on his extensive experience, he specializes in technical and fundamental analysis.

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.

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.

USDJPY
XAUUSD
BTCUSD
USDJPY
XAUUSD
BTCUSD
Close
Click here for explanations of each notification
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 for 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) have passed.

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 suspended 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