3.6GBPUSD forex market trend analysis.
Deutsche Bank said that the UK** is unlikely to cause the pound to experience the same volatility as during Truss** in 2022 (Truss's mini-budget announced in September 2022 failed, triggering a vicious sell-off in gilts and the pound), and that the impact of political factors on the pound will be limited this year. FX strategist Shreyas Gopal added in the report that "the situation should be calmer this year". He said a healthier UK economy would cushion the market instability seen 18 months ago, with the current account in a "better position", while the Bank of England is no longer seen as the best case among central banks, which provides some support for the pound. The bank expects the UK** to announce a £15bn fiscal easing plan for this year on Wednesday, with "any modest rise" in that amount expected to end up being positive for the pound as it would push up gilt yields and delay the Bank of England's rate cut.
Today's GBPUSD forex market analysis:
Today we analyze the trend of the GBPUSD forex market from the 2 o'clock technical indicator chart. The circle point that appears first in the MACD chart forms a dead cross in the positive area, which indicates that the process is likely to begin. It can also be seen that after the death fork in the positive zone**, with the gradual increase in the kinetic energy column of the negative zone, the kinetic energy gradually decreases. The trend did not last long, and then the second circle point appeared in the positive area of the golden cross, which means that the follow-up **high probability will be**. After the golden cross in the positive area, the kinetic energy of the kinetic energy column in the positive area gradually increased to a certain extent. Finally, it came to the position pointed by the arrow of the MACD chart, and the dead fork in the positive area was just formed, and the follow-up ** bearish.
Draw a circle on the chart ** through the middle of the Bollinger Bands, at this time the user who wants to short-term Bollinger Bands ** as the stop loss point of the lower rail ** profit point, the range will be a little large, please rational analysis and cautious operation.
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