GBP/USD RALLIES SHARPLY ABOVE 1.2070 ON DISAPPOINTING US SERVICES PMI
GBP/USD rallied sharply near 1.50% on disappointing US ISM data. Hawkish Fed call failed to weigh on GBP/USD. Next week’s economic calendar includes reports on GDP and US CPI. ,…
GBP/USD eyes 1.10 again on stronger dollar, UK outlook still short of confidence
We are seeing another round in the dollar as Treasury yields continue to rise throughout the day. The 10-year yield rose nearly 10 basis points to .32%, keeping the green…
GBP/USD Forecast: Continues to Look to Lower Levels
The GBP/USD has fallen a bit during the trading session on Wednesday as we continue to see the US dollar strengthen against almost everything. As we are in the midst of the…
GBP/USD DIVES BELOW 1.2100 AFTER STELLAR US NFP, US INFLATION EYED
The GBP/USD prepares to finish the week with hefty losses of 0.78%. US labor data poured cold water on recession fears ahead of next week’s CPI. BoE’s Pill: The bank…
GBP/USD: BULLS GATHER STRENGTH TO TAKE ON 50 DMA AHEAD OF US GDP
GBP/USD firming up amid less hawkish Fed outcome. Rallying yields trigger a fresh rebound in the US dollar. GBP bulls aim for the 50 DMA ahead of the US Q2…
FOREX TODAY: MARKETS TURN CAUTIOUS AHEAD OF KEY MACROECONOMIC EVENTS
Here is what you need to know on Wednesday, July 20: The dollar selloff seems to have taken a break on Wednesday with the US Dollar Index moving sideways above…