GBP/USD's trend lower is still intact but lack of momentum raises question-marks, should it manage to break below the 1.2958 lows, however, it is likely to fall to several obstacles in the 1.28s.
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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 gr…
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"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.
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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.
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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.
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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 t…
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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 …
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