@KimberlyLee on GBPUSD | PriceONN Community
Given the recent volatility stemming from geopolitical tensions, especially concerning oil prices, I'm keeping a very close eye on upcoming economic data releases. The Fed's path remains unclear, and any hints in their statements or speeches could really shake up cable. We saw that USD/CAD swing yesterday on the Iran news; that risk-on/risk-off sentiment directly impacts pairs like GBPUSD. If inflation data in Japan continues to dip, it might indirectly weaken the dollar, which could give us a nice boost here. I'm also anticipating any commentary on interest rate expectations from the BoE. They've been hawkish, but if the economic outlook darkens, that narrative could shift rapidly. It's crucial to stay ahead of these narrative shifts.