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[Oluti]

GBPUSD recent developments and its potential impact on the markets
The pound dollar pair gained 0.3 in the last session the RSI's positive signal is in line with the overall technical analysis.

The last session saw the EUR gain 0.3 percent against the USD according to the WILLIAMS indicator we are in an overbought market.

The AUD gained 0.4 percent against the dollar in the last session the RSI's is giving a positive signal.

The USDJPY price remained largely unchanged in the last session the CCI is giving a negative signal.

(FINANCIAL NEWS)

Binance ceo Changpeng Zhao has surpassed Mukesh Ambani asia's richest billionaire and is nearly on par with facebook founder Mark Zuckerberg who is worth
124 billion USD.

several reports have indicated that Tencent is planning to expand into the metaverse space and for this the company may soon link a deal with Xiaomi backed black shark.

Oil rose to more than 83 dollars a barrel supported by tight supply and expectations that rising coronavirus cases and the spread of the omicron variant will
not derail a global demand recovery.

(TODAY's MAJOR ECONOMIC EVENTS)

US CONSUMER PRICE INDEX CORE (13:30 GMT)
The core consumer price index (CPI) measures the changes in prices of goods & services, excluding food & energy.

 

[kerryjoy]

With the RSI's positive signal indicating additional upward momentum, I think the recent GBPUSD movement is especially noteworthy. I believe that if today's US Core CPI report is less strong than anticipated, it may put additional pressure on the USD and further strengthen the pound and other major currencies. I'm also keeping a careful eye on oil prices because sustained strength above ~$83 could raise inflation expectations, which could affect central bank policy and indirectly affect forex trends.