From a technical perspective the pair is oversold, but in the absence of any strong reversal signs the downtrend remains intact, and therefore likely to continue, albeit probably after a pull-back.

August 12,2018

The Dollar rose broadly Friday after official data showed US inflation hitting a decade high, cementing market expectations for a Federal Reserve interest rate rise in September and providing further incentive for traders to buy the safe-haven greenback, which is benefiting from escalating concerns over the Turkish currency crisis. 

August 10,2018

The Dollar advanced againsts rivals Thursday after producer price data showed US inflation pressures continuing to build in July, adding weight to economist forecasts that rising consumer prices will hold the feet of Federal Reserve officials to a proverbial fire during the quarters ahead. 

August 9,2018

High probability 3-bar pattern sets-up and pints to further declines while other indicators from options market and positioning suggest further downside. There are however also  other indicators warning Sterling may be oversold

August 10,2018

The US Dollar edged higher in thin August markets Wednesday but an narrow victory for Republican Troy Balderson over an unconceding-Decomcrat Danny O'Connor in Ohio's special election underlines the extent of the threat that domestic politics could pose to a resurgent greenback during the months ahead.

August 8,2018

The Dollar weakened Tuesday as risk assets outperformed the safe-haven greenback and if strategists at Westpac Institutional Banking are correct in their latest analysis, the US currency is vulnerable to further losses in the weeks ahead now that momentum in the economy appears to be waning. 

August 7,2018