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
The Peoples Bank of China (Pboc) is increasing stimulus to the domestic economy at a time when central banks elsewhere in the world are doing the opposite.
July 19,2018
The Dollar's strong rally slowed down midweek as analysts picked apart Jerome Powell's speech to lawmakers on Tuesday and found instances of doubt which took the edge off the optimistic thrust which had previously driven markets higher.
July 19,2018
The Pound-to-Dollar rate is crashing to new 2018 lows after a combination of US Dollar strength and Sterling weakness sent the exchange rate plummeting lower.
July 18,2018
The US Dollar extended its nascent rally Wednesday, rising broadly against all developed world currencies, after Federal Reserve chairman Jerome Powell downplayed the "trade war" threat to the US economy and suggested the Fed will likely continue raising its interest rate this year.
July 18,2018
The Dollar is not overvalued and could go higher, says Marvin Barth, head of FX strategy at Barclays, responding to criticism that sentiment around the currency is overwrought.
July 17,2018
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