Post by: forex4you on Feb 08, 2022, 09:27 am
GBPUSD – Flat
GBPUSD trading plan:
The U.S. money market curve is now fully pricing in five quarter-point hikes this year, and a 35% chance of a sixth. This could inject new life into the dollar, which had started to drift from last week’s 19-month high against a basket of currencies. Funds had already started to cut their bullish dollar bets. Last week’s overall net long position worth $10.3 billion is the smallest since September, and about half the $20 billion or so it had been from mid-December through mid-January. The benchmark U.S. 10-year Treasury yield retreated, pausing after a jump seen on Friday on the back of stronger-than-expected U.S. data. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, was also down.
Investment idea: range 1.3488 -1.3570.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
Source: Forex Fundamental Analysis - The U.S. money market curve (http://forex.wine/forex-fundamental-analysis-the-u-s-money-market-curve/)
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