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Overview of the GBP/USD pair. April 2. The pound is calm. The British want to extend the “transition period”

4-hour timeframe

Technical details:
Higher linear regression channel: direction – downward.
Lower linear regression channel: direction – downward.
Moving average (20; smoothed) – upward.
CCI: 91.3539
The GBP/USD currency pair starts the fourth trading day of the week with a rather weak (for current realities) movement along with the Murray level of “3/8”-1.2451. Over the past few days, the pound/dollar pair has worked out this level several times, but never managed to gain a foothold above it or, on the contrary, push off from it and start a downward correction. Thus, we believe that traders have come to a certain “point of equilibrium” – the balance of supply and demand. In order for the pair to continue the upward trend or complete it, you need serious fundamental reasons or the entry of major players into the currency market with large transactions. During the past day, macroeconomic statistics from overseas could support the US dollar (as was the case with the euro currency), however, quite unexpectedly, the correlation through the US dollar was broken in the last two days. Before that, the EUR/USD and GBP/USD pairs moved almost identically with adjustments for volatility.
In principle, there is no news from the UK at the moment. Except for new reports…

South Korea Inflation Rate Slows To 1.0% In March

Consumer prices in South Korea were up just 1.0 percent on year in March, Statistics Korea said on Thursday. That was in line with expectations and down from 1.1 percent in February. On a monthly basis, inflation gained 0.2 percent – again matching forecasts and up from the flat reading in the previous month. Core consumer prices, which exclude the volatile costs of fresh food items, gained just 0.4 percent on year. That was shy of expectations for 0.5 percent, which would have been unchanged from the February reading. On a monthly basis, core CPI fell 0.2 percent – missing expectations for a flat reading following the 0.1 percent gain a month earlier. The material has been provided by InstaForex Company – www.instaforex.com…

South Korea Inflation Data Due On Thursday

South Korea will on Thursday release March numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In February, overall inflation was flat on month and up 1.1 percent on year, while core CPI added 0.1 percent on month and gained 0.5 percent on year. Japan will provide March figures for monetary base; in February, the monetary base climbed 3.6 percent on year. Australia will see February figures for job vacancies; in January, vacancies were up 1.6 percent on month. The material has been provided by InstaForex Company – www.instaforex.com…

Comprehensive analysis of options for the movement of #USDX vs Gold & Silver (DAILY) in April 2020

Who will reign? The US dollar or noble metals? Here’s a comprehensive analysis of options for the movement of #USDX vs Gold & Silver (DAILY) in April 2020
Minor operational scale (daily time frame)
____________________
US dollar index
The movement of the #USDX dollar index in April 2020 will be determined depending on the development and the direction of breakdown of the boundaries of the equilibrium zone (98.80 – 99.90 – 101.10) of the Minor operational scale forks. We look at the details of movement inside this equilibrium zone on the animated chart.
The upward movement of the dollar index can be continued in case of breakdown of the resistance level of 101.10 on the upper boundary of the ISL61.8 equilibrium zone of the forks of the operational Minor scale and the targets of this movement will be :
– the final Shiff Line Minor (101.80);
– maximum 102.99;
with the prospect of reaching the warning line UWL38.2 (103.50) of the Minuette operational scale forks.
Meanwhile, the downward movement of #USDX will become relevant in the event of a breakdown of the support level 98.80 at the lower boundary of the ISL38.2 equilibrium zone of the Minuette operational scale forks…

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