Forex Daily Analysis: May 25, 2021 - End Lockdown, Strengthen Pound

Forex daily analysis on May 25, 2021 today, for the movement of GBPUSD is predicted to still strengthen. The strengthening of the Pound Sterling against the US Dollar is caused by the plan to ease the lockdown in the UK which according to the plan will be implemented in early June. In addition, market participants' increasing optimism about the recovery of the British economy also helped the British currency. In addition, the weakening of the US Dollar currency also encouraged the Pound Sterling to strengthen. On the other hand, the good release of British economic data also supports the strengthening of the Pound Sterling currency compared to the US Dollar. In addition to the release of economic data that increasingly seems to support the UK's economic growth prospects, the rapid and measurable implementation of vaccinations has also strengthened the British currency. Despite the existence of a new variant of the Corona virus in India, the latest report from Public Health England (PHE) such as the British health department has provided information that the vaccines produced by Pfizer-BioNtech and AstraZeneca are very capable of fighting the latest variant that has hit India. The Bank of England (BOE) remains optimistic that the UK economic growth rate will be able to move to the level of 7.25% in 2021. The decline of the US Dollar against several other major currencies has caused the ownership of the US Dollar to be devoid of enthusiasts. The weakening of the US dollar is increasingly visible after the statement of one of the Fed officials who said that tapering will not be carried out as long as it is still in a pandemic condition. Indeks Dolar AS (DXY) saat ini berada pada posisi terendah dalam beberapa bulan dan berada di level 89,25. Pelemahan ini turut menurunkan yield obligasi pemerintah Amerika. Focus para pelaku pasar pekan ini akan rilis data Core PCE Price Index Amerika yang akan dirilis pada Jumat nanti pada pukul 19:30 WIB. Diprediksi akan menguatkan Dolar AS, data ini masih diantisipasi oleh para pelaku pasar, karena laporan PCE merupakan salah satu acuan yang sangat dominan dan menjadi bahan pertimbangan penting bagi The Fed untuk menentukan kebijakan moneter nya.

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 1.41800. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points. This the daily forex analysis of May 25, 2021 which discusses the reasons for the strengthening of the British Pound Sterling against the US Dollar. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.