GBP/USD Cautious After Thursday’s 2-Year Lows
The pair started the day with upbeat mood, trying to rebound form its two year lows, but faces headwinds as the European session gets underway
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The pair started the day with upbeat mood, trying to rebound form its two year lows, but faces headwinds as the European session gets underway
The pair drops today and looks like it will pause its eye-catching nine-week profitable streak, as the US Dollar faces headwinds
The pair trades with caution after yesterday’s volatility sparked by the US CPI release, amidst hawkish commentary from ECB President Ms Lagarde
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Markets seem to tread water amidst lack of catalysts and ahead of the release of the US consumer price index (CPI) tomorrow, with the pair finding support today
FXCM's USDOLLAR basket is pulling back to a key level, characterised by a triple confluence of support. This overlap may present too good an opportunity for greenback bulls to ignore.
The pair comes from an impressive nine-week profitable streak and starts the new one in the offensive, clinching new twenty year highs
The pair tries to catch a breath, following its worst day in two years, due to the Bank of England gloomy economic outlook
The pair moved higher on Wednesday after the Fed’s well-telegraphed rate hike, but faces pressure today, as markets turn their attention to Friday’s employment report form the US
The pair made a poor start to the month, but finds support today, as markets brace for the monetary policy decisions by the US Fed and the Bank of England
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