sharp rise

Analysis of transactions and tips for trading GBP/USD The test of 1.2720 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of around 50 pips.   Weak data on the US labor market led to a sharp rise in GBP/USD. However, this did not last long, as already during today's Asian session, the pair fell, compensating for most of Friday's growth. In addition, buyers should not expect much today because only good data on the UK housing price index and confident defense of the level of 1.2705 will there be chances of a rally. For long positions: Buy when pound hits 1.2736 (green line on the chart) and take profit at the price of 1.2772 (thicker green line on the chart). Growth may occur. However, when buying, ensure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2705, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2736 and 1.2772. For short positions: Sell when pound reaches 1.2705 (red line on the chart) and take profit at the price of 1.2673. Pressure will increase with weak data and inactivity around 1.2705. However, when selling, ensure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2736, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2705 and 1.2673.   What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes.   And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

Analysis of transactions and tips for trading GBP/USD The test of 1.2720 on Friday afternoon, coinciding with the rise of the MACD line from zero, prompted a buy signal that led to a price increase of around 50 pips.     Weak data on the US labor market led to a sharp rise in GBP/USD. However, this did not last long, as already during today's Asian session, the pair fell, compensating for most of Friday's growth. In addition, buyers should not expect much today because only good data on the UK housing price index and confident defense of the level of 1.2705 will there be chances of a rally. For long positions: Buy when pound hits 1.2736 (green line on the chart) and take profit at the price of 1.2772 (thicker green line on the chart). Growth may occur. However, when buying, ensure that the MACD line lies above zero or rises from it. Pound can also be bought after two consecutive price tests of 1.2705, but the MACD line should be in the oversold area as only by that will the market reverse to 1.2736 and 1.2772. For short positions: Sell when pound reaches 1.2705 (red line on the chart) and take profit at the price of 1.2673. Pressure will increase with weak data and inactivity around 1.2705. However, when selling, ensure that the MACD line lies below zero or drops down from it. Pound can also be sold after two consecutive price tests of 1.2736, but the MACD line should be in the overbought area as only by that will the market reverse to 1.2705 and 1.2673.   What's on the chart: Thin green line - entry price at which you can buy GBP/USD Thick green line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further growth above this level is unlikely. Thin red line - entry price at which you can sell GBP/USD Thick red line - estimated price where you can set Take-Profit (TP) or manually fix profits, as further decline below this level is unlikely. MACD line- it is important to be guided by overbought and oversold areas when entering the market   Important: Novice traders need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp fluctuations in the rate. If you decide to trade during the release of news, then always place stop orders to minimize losses. Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. And remember that for successful trading, you need to have a clear trading plan. Spontaneous trading decision based on the current market situation is an inherently losing strategy for an intraday trader.    

French inflation back on the rise Inflation rose again in August, after falling for three consecutive months, due to higher energy prices. Despite a rebound in household consumption of goods, French domestic demand remains very weak, and a quasi-stagnation of GDP in the second half of 2023 seems the most likely economic scenario. Sharp rise in inflation After falling for three months in a row, inflation in France rose sharply again in August, to 4.8%, compared with 4.3% in July. The harmonised index, which is important for the European Central Bank, stood at 5.7% compared with 5.1% in July. August's rebound was entirely caused by the rise in energy prices, due to higher oil prices and electricity tariffs. Over a year, energy prices have increased again (+6.8% in August), whereas they had been falling in previous months. It should be noted that, because of the tariff shield and fuel price rebates, energy prices rose less dramatically in France than in other European countries last year. The starting point is therefore much lower, and energy inflation will be more of a problem in France than elsewhere in the coming months. Apart from the rebound in energy inflation, the details suggest that inflationary pressures are moderating. Food inflation continues to ease, coming in at 11.1% in August, compared with 12.7% in July. This trend is likely to continue in the months ahead, albeit slowly. We will probably have to wait until 2024 for food prices to stabilise in terms of annual growth. The details of underlying inflation have not yet been published, but they should point to a decline. Prices of manufactured goods slowed to 3.1% in August from 3.4% in July. Given that producer prices are continuing to fall and are now down year-on-year (-1.5% in July compared with +1% the previous month), this trend is likely to continue over the coming months, especially as selling price expectations continue to fall across all sectors. Finally, despite wage increases, services inflation is also continuing to moderate (2.9% compared with 3.1% in July), which is encouraging. Although service inflation is likely to become the main contributor to inflation in the coming months, the risk of an explosion in service prices appears to be limited, in the context of weak economic growth. The trend towards disinflation should therefore resume from September onwards, although it will probably be slower in France than in neighbouring countries. We are expecting inflation, according to the national definition, to reach 4.6% in 2023 on average. We will probably have to wait until the second half of 2024 for inflation to return to 2%.