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The pair finds support this week, but runs a very bad month, as markets pare back their expectations around the Fed’s tightening path
The pair extends its advance this week, helped by encouraging data from Eurozone and the greenback’s post-CPI demise, as market try to look past renewed geopolitical tensions
The pair rises today after the mixed jobs report, as markets brace for more economic data from the UK over the coming days and the update on the government’s economic plan
The pair collapsed to its worst week since 1998, after the moderation in US CPI inflation, but rebounds today as the monetary policy deferential remains unfavorable
The pair concluded its fourth straight profitable week as expectations around the Fed’s tightening path have eased, but shows indecision today, ahead of key resistance confluence
The British Pound rallied against the greenback yesterday, after the moderation in US CPI inflation, but the Q3 contraction of the UK economy weighs today
The pair had one of its best days of the year on Wednesday as a result of the soft inflation figures from the US and extends its gains today, past key tech levels
USD/JPY has faced pressure following last month’s 32-year highs, testing key technical levels this week, as markets brace for another inflation update from the United States
The pair kicked-off the current week with a strong showing, same way it finished the previous one, but losses steam today, ahead of Thursday’s US inflation update
The USDOLLAR (bottom candlestick chart) pullback that started on Friday seems disconnected from the underlying fundamentals. On Friday, the real rate (top candlestick chart) charted an indecisive doji, whilst the greenback declined markedly. Moreover, the dollar has shown weakness in today's morning session, with minimal movement from the real rate. Over the two sessions, their correlation coefficient declined from 69% to 52%.
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