EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.

GBP/USD Attempting to keep the price above 1.2000 in the positive

Alina Haynes

Dec 26, 2022 19:23

 GBP:USD.png

 

GBP/USD recouped losses and flirted with daily highs after a brief slide to a new daily low of 1.2022. As speculative interest continues to examine contradictory macroeconomic data from the United States, the currency is now trading in the region of 1.2040-1.2060. On the one hand, the Personal Consumption Expenditures (PCE) Price Index rose 5.5% year over year in November, down from 6.1% in October, showing a significant reduction in inflationary pressures in the country.

 

In contrast, Durable Goods Orders unexpectedly declined by 2.1% month-over-month in the same month, which was significantly worse than the 0.6% loss that market participants had anticipated. Nonetheless, the key statistic, Nondefense Capital Goods Orders excluding Aircraft, climbed by 0.2%, beating the expected reading of 0.0%.

 

The US Dollar initially rose in response to the news, but has since recovered as a result of weekly highs in Treasury yields. The yield on the 10-year note reached its highest level for the month of December at 3.728%, while the yield on the -year note rose to 4.322%. Prior to the opening of Wall Street, rates sustained their gains, while US indexes are expected to open with moderate gains, mirroring their foreign counterparts.

 

In the meantime, the British Pound remains weak as recent macroeconomic indicators indicate that the United Kingdom will continue in recession well beyond 2023.

 

The GBP/USD exchange rate is reasonably stable on a daily basis as a result of the advent of winter holidays, which reduces trade volumes. As the pair continues to trade beneath a bearish 200-day simple moving average (SMA) after breaking below it on Thursday, technical indicators on the daily chart indicate that further declines are ahead. In the interim, technical indicators evolve inside negative levels, devoid of directionality but displaying no signs of bearish tiredness and well above oversold levels.

 

The weekly low of 1.1991 is the nearest near-term support level leading to 1.1950. A daily close at the latter level may portend a more precipitous decline the following week. At the immediate resistance level of 1.2080, sellers are building short positions, followed by 1.2140.

Suggestion