GBP/USD recaptures 1.2050 ahead of UK jobs data
16.08.2022, 03:08

GBP/USD recaptures 1.2050 ahead of UK jobs data

  • GBP/USD recovers losses to trade back above 1.2050 amid risk reset.
  • The US dollar eases while the US Treasury yields remain sluggish.
  • Critical UK economic data are awaited ahead of the Fed minutes.

GBP/USD has paused its three-day sell-off near mid-1.2000s, as bears take breather ahead of the UK employment data release. The UK ILO Unemployment Rate is seen steady at 3.8% in June while the average hourly earnings ex-bonus are likely to tick higher from 4.3% to 4.5% in June.

The last jobs report came in strong and therefore lifted odds for a 50 bps BOE rate hike in September. Ever since, the energy crisis in the UK and Europe has worsened while the global economic outlook has turned dour. Besides, the UK jobs data, Wednesday’s inflation data will hold the key for the BOE’s next rate hike trajectory.

On the USD side of the equation, markets are seeing a bit of a risk recovery amid chatters over potential stimulus from China after the country reported dismal activity numbers a day ago. Although escalating China-Taiwan tensions keep investors unnerved, especially after Beijing sanctioned Taiwanese officials on Tuesday for supporting Taiwan's independence. Democratically self-ruled Taiwan continues to reject China's claim of sovereignty.

The cautious optimism is capping the recent upside in the US dollar against its major peers, with the US dollar index losing 0.07% on the day to trade at 106.48, as of writing. On Wednesday, the US Retail Sales and the Fed minutes will also grab attention, with a 50 bps September Fed rate hike seen as the best bet so far.

GBP/USD: Technical levels to consider

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik