{"id":100489,"date":"2024-04-26T20:51:11","date_gmt":"2024-04-26T16:51:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=100489"},"modified":"2024-04-26T20:52:49","modified_gmt":"2024-04-26T16:52:49","slug":"gbp-usd-impacted-by-us-inflation-data-anticipated-delay-of-feds-rate-cut","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-impacted-by-us-inflation-data-anticipated-delay-of-feds-rate-cut\/04\/26\/market-updates\/","title":{"rendered":"GBP\/USD impacted by US inflation data, anticipated delay of Fed\u2019s rate cut"},"content":{"rendered":"\n<p>The GBP\/USD pair is currently focused on support levels due to its recent inability to break above the 200-day moving average at 1.2557, which emphasises its negative bias. If the &#8216;black cloud cover&#8217; candlestick pattern materializes, there could be potential for more losses, with 1.2400 being the objective and perhaps even 1.2300 as the YTD low. <br><br>The pound sterling drops and loses ground versus the US dollar during the mid-North American session, falling below 1.2500. US data indicated that inflation is increasing, which would discourage the Fed from lowering interest rates. The GBP\/USD exchange rate is down 027% at 1.2481. <br><br><strong>Technical Outlook:<br><\/strong><br>Despite closing three days of straight gains, the GBP\/USD pair is still biassed lower as buyers were unable to overcome resistance at the 200-day moving average (DMA) at 1.2557. That revealed the 1.2500 number, which fundamental news had given up. <br><br>There could be more losses if the GBP\/USD closes Friday&#8217;s trading at roughly 1.2480, creating a &#8220;dark cloud cover.&#8221; The year-to-date (YTD) at 1.2300 would be the next support level, at 1.2400. Alternatively, buyers could challenge the 200-DMA if they raise the market price above 1.2500. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The GBP\/USD pair is currently focused on support levels due to its recent inability to break above the 200-day moving average at 1.2557, which emphasises its negative bias. If the &#8216;black cloud cover&#8217; candlestick pattern materializes, there could be potential for more losses, with 1.2400 being the objective and perhaps even 1.2300 as the YTD &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6885,7034,8291,9923],"class_list":["post-100489","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-fed","tag-gbp-usd","tag-inflation-data","tag-interest-rate-cut"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=100489"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100489\/revisions"}],"predecessor-version":[{"id":100509,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/100489\/revisions\/100509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=100489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=100489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=100489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}