Cable has hit resistance from a cluster of levels, including the 50-day MA, at the upper border of a falling wedge pattern on the daily chart.
December 14,2015
Lingering uncertainty on the US economic outlook ahead of the Federal Open Market Committee expected rate hike has subdued the market’s response to good US economic data and put the USD under near term pressure.
December 12,2015
The Bank of England sent the GBP to USD conversion lower having once again blamed the domestic currency for keeping inflation subdued.
December 11,2015
Ahead of the new year we hear from Société Générale’s Global Head of Rates and Foreign-Exchange Strategy on the prospects for the US dollar .
December 11,2015
The US dollar is forecast to enjoy a strong 2016 by analysts at Morgan Stanley who at the same time warn the British pound will likely struggle.
December 8,2015
How will you trade the currency markets heading into and in the wake of the release of the all-important US Non-Farm Payrolls due for released today?
December 4,2015
The pound sterling has recovered significant lost ground against the US dollar over the past 24 hours. Another big test lies ahead.
December 5,2015
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