For today's movement, GBPUSD is expected to continue its gains, this is based on the continued weakness of the US Dollar. In addition, in the release of economic data yesterday, especially the UK GDP data which was released positive but below prediction. This illustrates that the movement of the British economy is starting to show a recovery. The movement of the US dollar against other major currencies in recent times has been more likely to weaken. The weakening of the US dollar occurred due to several factors, and the most recent is after the release of inflation data last night. CPI (Customer Price Index) data was successfully released at 0.6%, above the prediction and the previous period which was only 0.5% and 0.4%. In addition, Core CPI data was also released at 0.3%, also above the estimate and the previous period which was only 0.2% and 0.1%.Forex Daily Analysis : April 23, 2021
Forex Daily Analysis : April 29, 2021
This increase in inflation is still in line with the Fed's view that it is not too concerned about the increase in the inflation rate, which will certainly affect the US Central Bank's decision regarding interest rates. Economists estimate that the current increase in the inflation rate is due to the impact of the American economic recovery due to the Covid-19 pandemic that has hit all countries in the world. On the other hand, the increase in US inflation is also caused by the launch of continuous fiscal stimulus. The United States can also be said to have almost succeeded in reducing the increase in the number of Covid-19 patients.The decrease in the number of new Corona infection cases in the US has succeeded in making a positive attitude of market participants and markets. The distribution of vaccines and their implementation, which is often said to be fast and directed, turned out to be quite good at moving the wheels of the United States economy. The Fed's hawkish stance is also moving further away from the US Dollar. In Powell's previous remarks, he said that an increase in inflation will occur, but the increase is temporary so he estimates that the interest rate hike will still not occur in an undetermined period of time, but it will certainly take a long time.Forex Daily Analysis : 09 April 2021
Forex Daily Analysis Predictions 
Today's FOREX prediction on the GBPUSD pair is expected to strengthen/rise and the recommended OP (Open Position) is BUY at the level of 1.37750. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points.Gold Daily Analysis : 26 April 2021
Preference | BEARISH |
Target Profit 1 | 1,37850 |
Target Profit 2 | 1,37950 |
Stop Loss 1 | 1,37700 |
Stop Loss 2 | 1,37650 |
Oil Daily Analysis : April 16, 2021