Limited Price Swings Amid Lull In Volatility But Breakouts May Be Looming
Dear Traders, There was nothing to gain for traders of the EUR/USD and GBP/USD on Monday. Both major currency pairs were little changed with larger price fluctuations being absent. The euro fell to a low of 1.1725 before reversing its losses towards 1.18. In sum, trading the EUR/USD lately did not serve us well since […]
EUR/USD And GBP/USD Bounce Off Resistance Levels; USD Stronger
Dear Traders, Positive developments in Washington and hopes that the U.S. tax reform bill could pass the House have been supportive for the U.S. dollar. The greenback advanced against the euro and British pound, driving both EUR/USD and GBP/USD towards important support levels. The U.S. Senate adopted a fiscal 2018 budget resolution on Thursday that […]
EUR/USD And GBP/USD (Still) Favor Downtrend
Dear Traders, The pound fell after yesterday’s Bank of England testimony from Governor Mark Carney was less hawkish than hoped. While Carney sticks with his view that policy adjustments would likely be made in the coming months he said the central bank is making contingency plans for a “hard” Brexit. Despite the U.K. inflation print […]
Pound Falls On Fears Of Collapse Of Brexit, Focus Now On Inflation
Dear Traders, Trading was relatively quiet on Monday with the EUR/USD trading within a narrow 40-pip range. The picture was different in the GBP/USD, which started the week with volatile swings ranging from a daily high of 1.3312 to a low of 1.3225. As mentioned in our analysis from Monday, the pound sterling is currently […]
British Pound Experiences Roller Coaster Ride On Soft Brexit Speculation
Dear Traders, The biggest story in the market on Thursday was the British pound which experienced a roller coaster ride. The GBP/USD initially dropped to a low of 1.3121 from where a sharp reversal started, quickly pushing the pound towards 1.33. The reason for the sharp price rise was a report, saying that Europe’s top […]
EUR/USD: 1.19 Could Be A Make-It Or Break-It Level
Dear Traders, Yesterday was dominated by a weakening U.S. dollar, which extended its slide against the euro and British pound after the market interpreted the FOMC minutes as slightly dovish. While Fed policy makers see another rate hike this year, many issued concern that low inflation was not a temporary phenomenon. The priced-in probability of […]
