Can U.K. Inflation Numbers Finally Lift The Pound?

Dear Traders, The biggest story in the market was the sharp drop of the British pound as sellers have shown-up in the GBP/USD following hawkish comments from Fed Chair Jerome Powell. With the U.S. economy remaining in good shape despite recent worries about trade tensions, the FOMC believes that “the best way forward is to […]

GBP/USD: Time For Bullish Breakout?

Dear Traders, The euro proved unable to significantly overcome the 1.1720-hurdle, at least for now. Thus, there was nothing to gain for euro bulls at the beginning of this week. The British pound reversed shy off 1.33 and consolidated between 1.3250 – 1.3215. We may see more volatile movements today with U.K. employment numbers scheduled […]

Quiet Trading

Dear Traders, U.S. inflation data came in line with expectations whereupon the dollar gave up some of its gains. However, the greenback had a rather mixed day while it ended yesterday’s trading day virtually unchanged against the euro and British pound. Generally speaking, it seems that many market participants refrain from taking any larger positions […]

Focus On U.S. CPI

Dear Traders, Technically speaking, we got what we were looking for: A breakout of the cable’s consolidated price range. The GBP/USD broke below 1.3230 after the pair failed to overcome the 1.3285-barrier. The downward movement was mainly due to a strengthening U.S. dollar. Also, the EUR/USD fell victim to a new round of dollar strength […]

The Rise And Fall Of The Pound Amidst Political Turmoil

Dear Traders, The biggest story on Monday was the rise and fall of the British pound which were due to political headlines. After Davis’ resignation, Boris Johnson and Steve Baker followed, who did not support Theresa May’s less aggressive so-called ‘soft Brexit’ approach. This throws the stability of the U.K. government into question. Any signs […]

Will Payrolls Hurt Or Help The U.S. Dollar?

Dear Traders, While Thursday proved to be a volatile trading day, the volatile but choppy swings in the market were not to our liking. Entries were triggered and stopped out due to heightened volatility but there was little follow-through on either side. The U.S. dollar gained traction ahead of yesterday’s FOMC minutes but the statement […]