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The US Dollar pared earlier gains Friday in a classic "Buy the Rumour, Sell the Fact" response to second-quarter GDP numbers that showed economic growth picking up sharply, although analysts are growing doubtful about the prospect of further outperformance from the world's largest economy in the quarters ahead.
July 31,2018
"Looser monetary conditions are likely to bias towards a weaker CNY. As such, we forecast USD/CNY rising further to 6.95 by end of this year" - UOB.
July 26,2018
Sterling's recent move higher against the Dollar provides bears scope to re-enter short positions. But, a bearish candlestick pattern is awaited to confirm move lower.
July 25,2018
Markets are sceptical that Donald Trump can trigger any material depreciation in the value of the US Dollar following recent attempts to talk the currency lower.
July 24,2018
GBP/USD rebounded strongly on Friday but one strong day doesn't change the trend and a break below last week's lows would signal continued downside. Donald Trump's new 'weak Dollar' policy tipped to dominate in coming week
July 22,2018
GBP/USD in sharp jump on Trump comments while many analysts see this as a potential bottom for the pair at 1.30. But but this is not yet a reversal and Elliot wave studies suggests bottom could be lower towards mid 1.20s.
July 20,2018
US President Donald Trump has fired another salvo in what appears to be the start of a potential currency war by accusing the European Union, China, and others, of artificially massaging their interest rates and currency lower. (Just like the Fed did a few years ago).
July 20,2018
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