USDX
98.970

0.19%

XAUUSD
4206.71

0.11%

WTI
59.460

1.13%

EURUSD
1.16449

0.21%

GBPUSD
1.33329

0.12%

USDJPY
155.040

0.11%

USNDAQ100
25562.30

0.30%

Global Markets

Economic Calendar
7x24
Quotes

Video

Latest Update

Risk Warning on Trading HK Stocks

Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.

HK Stock Trading Fees and Taxation

Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.

HK Non-Essential Consumer Goods Industry

The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.

HK Real Estate Industry

In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.

Analysis
Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Correlation

Popular Indicators

Pro
AI Signal

Trading Signals

AI Signal

News
Recent Searches
    Trending Searches
      News
      7x24
      Quotes
      Economic Calendar
      Video
      Data
      • Names
      • Latest
      • Prev.

      View All

      No data

      Sign in

      Sign up

      --

      • My Favorites
      • My Subscription
      • Profile
      • Orders
      • Account Settings
      • Sign out
      Reminder Settings
      • Economic Calendar
      • Quotes/Market Quotes

      Reminders Temporarily Unavailable

      FastBull Membership Privileges
      Quick Access to 7x24
      Quick Access to More Editor-selected Real-time News
      Real-time Quotes
      View more faster market quotes
      Upgrade to {0} Pro
      I have read and agreed to the
      Pro Policy
      Feedback
      0 /250
      0/4
      Contact Information
      Submit

      GBP/USD Climbs Amid Fed Speculation, Breaks Key Resistance Levels

      Traders' Opinions
      Summary:

      The Pound Sterling gained against the US Dollar amid rising speculation that White House Economic Adviser Kevin Hassett could succeed Jerome Powell as Federal Reserve chair, prompting a weaker Dollar and renewed bullish momentum for GBP/USD.

      Buy GBPUSD
      End Time
      CLOSED

      1.33001

      ENTRY

      1.35000

      TGT

      1.31500

      SL

      1.33329 -0.00164 -0.12%

      558

      Points

      Profit

      1.31500

      SL

      1.33559

      CLOSING

      1.33001

      ENTRY

      1.35000

      TGT

      The Pound Sterling (GBP) surged 0.5% on Wednesday to approach 1.3280 against the US Dollar (USD) during European trading hours, as the Greenback came under pressure following growing speculation over the next Federal Reserve (Fed) chair. The US Dollar Index (DXY), which measures the currency against six major peers, slumped to a fresh monthly low near 99.00, reflecting the market’s unease over potential changes in US monetary policy leadership.
      Investor attention has sharply shifted to the US White House, where President Donald Trump confirmed on Tuesday that he has narrowed his options for Fed Chair Jerome Powell’s successor to a single candidate, with an official announcement expected in early 2026. Speaking to reporters at a White House event, Trump referenced White House Economic Adviser Kevin Hassett as a potential nominee.
      Markets are interpreting the potential appointment of Hassett as bearish for the US Dollar. Hassett has publicly advocated for lower interest rates on multiple occasions, a stance that contrasts with the current hawkish tone at the Fed under Powell. Investors are pricing in the possibility of a shift toward more accommodative US monetary policy, weighing heavily on the Dollar and supporting risk-sensitive assets, including the Pound.

      Techncal AnalysisGBP/USD Climbs Amid Fed Speculation, Breaks Key Resistance Levels_1

      From a technical standpoint, GBP/USD has shown a pronounced recovery after weeks of consolidation and downward pressure. The currency pair recently breached a strong resistance trend line, a level that had been tested multiple times in prior sessions without success. This breakout followed a double bottom formation, providing an initial bullish signal.
      Intraday, GBP/USD leveraged support from the 50-day exponential moving average (EMA50) while simultaneously adhering to a bullish corrective trend line on a short-term basis. These technical factors fueled renewed momentum, allowing the pair to recover from a key support test near 1.3195. Complementing the bullish scenario, relative strength indicators have emerged with positive signals, further reinforcing the potential for continued gains.
      On the daily chart, GBP/USD maintains a robust bullish structure, having surpassed the previous week’s high. This reinforces market confidence that the Pound could extend its rally in the near term. Analysts highlight that the ongoing Dollar weakness, driven by Fed succession uncertainty, could catalyze additional upside pressure for GBP/USD.
      The long position appears justified based on both fundamental and technical factors. Key target levels for the pair include 1.337 as the initial take-profit, followed by 1.350 for more extended gains, contingent on the persistence of bullish momentum and a lack of USD recovery.

      TRADE RECOMMENDATION

      BUY GBPUSD
      ENTRY PRICE: 1.3300
      STOP LOSS: 1.3150
      TAKE PROFIT: 1.3500
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to 7x24

      Quick Access to More Editor-selected Real-time News

      Exclusive video for free

      FastBull project team is dedicated to create exclusive videos

      Real-time Quotes

      View more faster market quotes

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Warren Takunda

      Analysts

      Warren Takunda, a seasoned finance leader specializing in the Middle East, is a trusted senior analyst with a proven track record. As head of the finance team, he excels in financial planning, analysis, and reporting. Warren's expertise in financial modeling and investment analysis delivers valuable insights to clients.

      Rank

      3

      Articless

      1910

      Win Rate

      63.73%

      P/L Ratio

      0.72

      Focus on

      XAUUSD, EURUSD, GBPUSD

      Related Analysis

      NZD Climbs Toward Five-Month High as Fed Easing Bets Build and RBNZ Shift Supports Kiwi

      Trading

      NZD Climbs Toward Five-Month High as Fed Easing Bets Build and RBNZ Shift Supports Kiwi

      Trading

      USD/JPY Falls Sharply as Markets Brace for PCE and Jobless Claims

      Trading

      USD/JPY Falls Sharply as Markets Brace for PCE and Jobless Claims

      Trading

      GBP/USD Climbs Amid Fed Speculation, Breaks Key Resistance Levels

      PROFIT +559 Points
      FastBull
      English
      English
      العربية
      繁體中文
      简体中文
      Bahasa Melayu
      Bahasa Indonesia
      ภาษาไทย
      Tiếng Việt
      Economic Calendar 7x24 Quotes Video Analysis Data Warehouse Pro AI Signal News