empty
 
 
13.12.2022 08:03 AM
GBP/USD: Breaking forecast on December 13, 2022

In the United Kingdom, a slump in industrial production slowed to -2.4% from -3.1%, beating market expectations of -2.7%. In this light, GBP/USD strengthened. All in all, the situation in the market is still the same, and the price has been moving sideways for many days now.

United Kingdom Industrial Production:

This image is no longer relevant

In the course of the European session, the pair may return to the levels it traded at before the release of industrial production data. It will become possible due to an increase in unemployment to 3.7% versus 3.6%. At the same time, the market situation will not change drastically.

United Kingdom Unemployment Rate:

This image is no longer relevant

With the opening of the North American session, inflation data will be delivered in the United States. In addition, the FOMC meeting will take place tomorrow where the US regulator will announce another rate hike. Therefore, inflation may shed some light on how aggressive the Federal Reserve may be. The reading is forecast to slow to 7.6% from 7.7%, which means there is still a chance that the central bank raises interest rates by 75 basis points again. In such a case, the greenback will, of course, weaken but will not be able to leave the limits of the corridor. In case of a more significant slowdown in inflation, a 50 basis point rate rise may follow. If the actual result beats the market forecast, GBP/USD will go above 1.23.

United States Inflation:

This image is no longer relevant

GBP/USD is hovering in the range between 1.2200 and 1.2300. Its sideways movement may later give way to new fluctuations.

The RSI is moving up on the 4-hour chart, reflecting strong bullish sentiment.

The Alligator's MAs are headed up on the 4-hour and daily charts, which illustrates bullish sentiment in the intraday and medium-term time frames.

This image is no longer relevant

Outlook

The pair is now moving in a sideways corridor. If the quote settles beyond either limit of the range in the 4-hour time frame, it will determine the pair's further direction.

Based on complex indicator analysis, there is a variable signal for short-term and intraday trading due to a flat market. In the medium term, there is still a buy signal.

Dean Leo,
الخبير التحليلي لدى شركة إنستافوركس
© 2007-2024
كسب عائد من تغيرات أسعار العملات المشفرة مع إنستافوركس.
قم بتحميل منصة التداول ميتاتريدر 4 وافتح أول صفقة.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    انضم إلى المسابقة
  • إيداع الحظ
    قم بإيداع 3,000 دولار في حسابك واحصل على $1,000 وأكثر من ذالك!
    في يوليو نحن نقدم باليانصيب $1,000 ضمن حملة إيداع الحظ!
    احصل على فرصة للفوز من خلال إيداع 3,000 دولار في حساب تداول. بعد أن استوفيت هذا الشرط، تصبح مشاركًا في الحملة.
    انضم إلى المسابقة
  • تداول بحكمة، اربح جهازا
    قم بتعبئة حسابك بمبلغ لا يقل عن 500 دولار ، واشترك في المسابقة ، واحصل على فرصة للفوز بأجهزة الجوال.
    انضم إلى المسابقة
  • بونص 100٪
    فرصتك الفريدة للحصول على بونص 100٪ على إيداعك
    احصل على بونص
  • بونص 55٪
    تقدم بطلب للحصول على بونص 55٪ على كل إيداع
    احصل على بونص
  • بونص 30٪
    احصل على بونص 30٪ في كل مرة تقوم فيها بتعبئة حسابك
    احصل على بونص

المقالات الموصى بها

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.
Widget callback