- GBP / USD PRICE ANALYSIS indicates an additional room for kilogram.
- Trump is a research of ways to remove the FED POWER chair with function.
- Trumps of aggressive policies have darkened the look for the American economy.
GBP / USD PRICE ANALYSIS indicates additional in pounds as it rides a recent wave of a dollar weakness. The dollar remained weak on Tuesday after falling to the previous session due to Trump attacks on Federal Reserve.
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On Friday, reports appeared that the American president has investigated ways to remove the Fed Psel chair with functions. The news led to re-sales dollars, allowing the pound to continue their rally. In addition, Trump continued attacks on Powell on Monday. The President asked the Chairman Fed lower interest rates to support the economy.
The conflict between the Government and the Central Bank was further eroded by the investor’s trust. The Volal Nature of Financial Markets caused uncertainty. As a result, traders are American assets for stable assets. Trump’s attack on Powell shows that he is ready to undermine the independence of the Central Bank.
Powell maintained a cautious tone, inviting patience to reducing the rate. In the meantime, Trump’s aggressive policies blurred the prospects for the American economy. However, Powell wants to ensure that inflation does not rise before reducing interest rates.
GBP / USD Key events Today
Participants in the market do not expect to expect any high-influence reports from the US or Great Britain. They could therefore wait for March for PMI data.
GBP / USD Technical price analysis: Bulls pause for breath after 1,272 FIB pause
On the technical side, GBP / USD price is retracted after breaking through the level of more extended than 1,272 FIB. Despite the return, the price remains significantly above the 30th, with RSI near the region for the presidential preceding. That is why the bias of the bull is strong.
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Pause can allow GBP / USD to reset 1,272 Fiju before climbing. It will also permit to compensate the price, giving the bullocks as they should reach a new height. The next goal is on a solid resistance zone that contains 1,618 FIB extension and 1,3500 fluffy psychological level.
Pause The past This level will point to a solid biking momentum. However, there is a chance that Ustkhend will pause in this zone. Nevertheless, the biking trend will continue if the price remains above the SMA.
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