|Day's Range||1.243 - 1.244|
|52 Week Range||1.2383 - 1.3349|
The British pound went back and forth during early trading on Wednesday, looking as if it is trying to stabilize near the 1.24 handle. However, we are decidedly in a bearish market so therefore it’s almost impossible to imagine a scenario where we should be buying.
Investing.com - The U.S. dollar dipped slightly on Wednesday but still remained near one-week highs after the International Monetary Fund said the greenback is overvalued.
GBP/USD has shed about 1.3% in a two-day decline and is trading at levels not seen since the start of the year.
It’s a quiet day on the economic calendar, which will leave the Pound in the spotlight. Brexit woes continue to trouble the Pound, which is on the slide this morning…
Investing.com -- The British pound fell to its lowest in more than two years in early trading in Europe Wednesday as fears over a “Hard Brexit” and a possible general election exacted a higher risk premium for all sterling assets.
Investing.com - The U.S. dollar rose on Wednesday in Asia on the back of the release of strong retail sales data, while the pound traded near two-years low on Brexit concerns.
The RBA Meeting minutes revealed that the Bank would keep the doors open for further ease in the monetary policy by a quarter-point soon. The Euro pair and Cable suffered some huge pullbacks today.
The British pound broke down again during the trading session on Tuesday, slicing to a fresh, new low. By doing so, it shows that we are ready to continue to go much lower.
Investing.com - The U.S. dollar was higher on Tuesday after stronger-than-expected retail sales showed the economy was healthy, even as the Federal Reserve is expected to cut interest rates.
Global markets remain optimistic, which nevertheless does not allay investors’ fears at the start of the corporate reporting season. Stronger than expected macroeconomic statistics from the United States and China, as well as the expectations of lower interest rates from the Fed, support demand for risky assets and help stocks to develop an offensive.
GBP/USD has been steadily sold off as the dollar recovers higher. The pair has failed to hold above 1.2500 which is a clear show of weakness.
Asian shares are tired and struggling for direction this morning due to a lack of fresh market-moving news, with investors on the side-lines ahead of earnings reports from major American companies.
Today, the GBP/USD pair maintained a strong downtrend amid rising Brexit uncertainities. Meanwhile, Lower-than-expected June Producer and Import Prices provided the extra ammunition to the resilient USD/CHY bulls.
The British pound initially rallied during the trading session on Monday, but then broke down yet again to look for support underneath. We are currently trading just above the 1.25 handle, which of course is a huge psychologically important level.
Investing.com - The U.S. dollar rose on Monday, as manufacturing activity in New York posted its biggest increase in more than two years.
GBP/USD recovered losses in the second half of last week after breaking to a fresh six-month low. Will the pair continue to rally from here?
If hardline Brexiteer Boris Johnson becomes the next UK Prime Minister and “come what may” leads the United Kingdom out of the European Union on October 31 in a no-deal Brexit, the Pound will likely fall to levels not seen since early 2017 against the US Dollar.
The British pound initially fell during the course of the week but then turned around of form a nice-looking hammer. We are currently hovering around the 1.25 handle, an area that is a large, round, psychologically significant figure.
Investing.com - The U.S. dollar was flat on Friday as a slight uptick in core inflation failed to deter expectations that the Federal Reserve will cut rates at the end of July.
Investing.com -- The dollar was broadly weaker across the board early Friday in Europe, with commodity currencies making a comeback after two days of Congressional testimony from Federal Reserve Chairman Jerome Powell that made a bias to easing monetary policy crystal clear.
Investing.com - The U.S. dollar inched down on Thursday, extending losses made after comments from Federal Reserve Chairman Jerome Powell raised expectations that the central bank will cut rates at its next meeting.
Investing.com -- The dollar was mostly lower in early trading in Europe Thursday, extending losses made on Wednesday after Federal Reserve Chairman Jerome Powell dropped his clearest hint yet that the central bank will cut interest rates at its next policy meeting at the end of the month.
Investing.com - The U.S. dollar index steadied on Wednesday in Asia ahead of a speech by Federal Reserve Chairman Jerome Powell, who is due to appear before Congress on Wednesday and Thursday for his semiannual testimony.