Despite the recent setbacks in the Pound, the market has been constructive overall with the potential for continuation higher to 1.3350 and 1.3600.
March 13,2019
The Dollar softened even further on Wednesday after core-durable goods orders data surprised on the downside for the month of January and as unease over the UK's departure from the European Union ebbed further from previously elevated levels.
March 13,2019
The greenback capitulated at range highs before slipping lower on Tuesday after inflation data surprised on the downside for the month of February, vindicating investors for having bet earlier this year that an end to the Federal Reserve (Fed) interest rate hiking cycle is nigh.
March 12,2019
The Dollar extended losses Monday after a retail sales figures for the month of February appeared to confirm the economy has shifted down a gear in recent months, strengthening some economists' convictions that the Federal Reserve (Fed) interest rate hiking cycle is now over.
March 11,2019
From a technical perspective, the GBP/USD pair has executed a complete U-turn after previously being in an uptrend and has fallen below some key markers, such as the 50-week moving averag at 1.3129. The coming week is expected to see volatility rise sharply as parliament votes on the EU-UK Brexit deal for a second time.
March 11,2019
The U.S. Dollar is likely to continue rising, despite the recent slow-down in some areas of the U.S. economy says John Hardy, head of FX strategy at Saxobank, largely thanks to a U.S. Federal Reserve that will retain the title of the “tightest central bank in the world.”
March 7,2019
Despite the weaker fundamentals facing Pound Sterling of late, the technical outlook for GBP/USD actually continues to look quite constructive.
March 7,2019
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