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Early on Tuesday, the euro surged sharply at the expense of other major currencies, most notably the struggling US dollar. This sizeable euro surge was driven largely by continued positive economic...
The euro seemed to be the only real winner this Tuesday, with the currency managing a robust rise as seemingly everything else fell. The Dow Jones joined in with the wider decline after the bell. The...
The GBPUSD pair has found some decent support after it hit the critical support level at 1.21120 (low of 14th March 2017). From that level, cable has started its extended bullish rally but eventually...
The euro is the undisputed FX king in the G10 space this morning. It is the top performer so far this week, and it was given another push higher after decent GDP data for Q3. Interestingly, Germany...
Today, Fed Chair Janet Yellen, ECB President Mario Draghi, BoJ Governor Haruhiko Kuroda, and BoE Governor Mark Carney will all participate in a policy panel in Frankfurt. The topic will be challenges...
While Germany’s Q3 GDP increase of 0.8% over Q2 beat expectations by 0.2% bumped the euro up towards 1.17 USD per EUR, this has come at a cost. European Central Bank Vice President Vitor...
Market OverviewThe US dollar has been supported by higher Treasury yields again as the US 10-Year Treasury yield has move back above 2.40% again. However, there seems to be something of a hiatus in...
GBP/USD still trades inside the November 2nd candle shadow with failure to break lower or higher, thus entering eighth trading consolidation session, and remains bearish with heavy selloff...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The U.S. dollar ended the day steady to higher against all of the major currencies, which is a sign of strength considering that...
by Pinchas CohenAccording to a recent report by the International Monetary Fund (IMF), Brexit uncertainty is a weight on economic growth in the UK. Additionally, they have said: “If the United...
The pound has dropped 1% so far today, and is back below the $1.31 level after a report in the Sunday Times argued that 40 MPs are now willing to vote against Theresa May stoking fears of a leadership...
Tomorrow will see central banking’s heavy hitters up to bat in Frankfurt. Janet Yellen of the US Federal Reserve, Mario Draghi of the European Central Bank, Mark Carney of the Bank of England...
Market OverviewThe concerns over how tax reform is going to pan out in the US and the potential slippage in terms of delivery is impacting on equity markets. This helped to pull equities lower into...
Forex Daily Technical 13 Nov 2017GBP/USD Intraday: the downside prevailsPivot: 1.3175 Our preference: short positions below 1.3175 with targets at 1.3080 and 1.3040 in extension. Alternative scenario:...
The GBP/USD managed to make back most of its BoE-related losses as we had anticipated that it might last Friday.It has found support from sell-side profit-taking after its sizeable drop last week and...