|Day's Range||1.242 - 1.248|
|52 Week Range||1.2383 - 1.3349|
U.S. stock futures rose on the heels of stronger-than-expected earnings results from several major companies Tuesday morning and an announced agreement between Congress and President Donald Trump over the debt ceiling.
Investing.com - The New Zealand Dollar fell on Tuesday in Asia after the Reserve Bank of New Zealand said it had done contingency planning for unconventional monetary stimulus.
During the day, US President Donald Trump came up with another set of tweets, criticizing the Fed. Cable slowed down as Alan Duncan, Junior Foreign Office Minister, resigned today, over Hard Brexit concerns.
The British pound has seen a lot of noisy trading as of late, as we find ourselves below the 1.25 level yet again. We have recently formed a hammer on the weekly timeframe, but the daily chart shows conflict.
Investing.com - The pound dipped on Monday as the U.K.’s conservative party begins voting on who will become the next leader of Parliament.
London markets climbed on Monday as escalating tensions in the Gulf lifted crude prices and the FTSE 100’s oil majors.
Last week’s recovery rally appears to be short-lived as GBP/USD is seen dipping below 1.2500 once again. At the same time, the weekly charts show buyers are present and so bears should be cautious here.
Investing.com - The U.S. dollar inched up on Monday in Asia as investors turned their attention to global central bank decisions scheduled for the next two weeks, starting with the European Central Bank which meets on Thursday followed by the Bank of Japan and then the Federal Reserve next week.
Investing.com - The dollar pushed higher against the yen on Monday as investors tempered expectations for an aggressive Federal Reserve interest rate cut later this month.
It’s a big week ahead for the markets. Earnings, economic data, Iran, trade war chatter, and the ECB are all in focus.
Investing.com - The European Central Bank’s policy meeting will be front and center this week as investors wait to see what action central bank head Mario Draghi may take to support the euro area economy.
The British pound broke down during the course of the week, slicing through the 1.25 level underneath. That’s an area that shows a lot of support, and therefore it’s likely that we have a fight on our hands. Overall, the hammer that we formed is a bullish sign.
The British pound pulled back again during the trading session on Friday, reaching down towards the 1.25 level which of course is a large, round, psychologically significant figure. While this pullback after a very bullish candle stick on Thursday would typically be a sign to start picking up value, I a bit hesitant when it comes to the British pound.
Investing.com - The U.S. dollar was higher on Friday, even as expectations rose that the Federal Reserve will cut interest rates by half a point at the end of the month.
The British pound rallied against the greenback in North American trading on Thursday after rhetoric from a Fed member was perceived more dovish than expected.
As the UK leadership race comes to an end, it could simply be the passing on of the Brexit poison chalice. Can either really survive if it’s a no-deal Brexit?
Investing.com -- The U.S. dollar was consolidating at lower levels Friday morning in Europe and was on track to end the week roughly where it started, after a speech from New York Federal Reserve President John Williams revived hopes of a large interest rate cut at the Fed’s next policy meeting.
At around 19:40 GMT, the US Dollar Index was -0.47% down as the Initial Jobless Claims computed since July 12 reported adverse statistics. The Swiss Franc pair showcased breakdown out of the 8-day old symmetrical triangle vicinity.
The British pound rallied significantly during the trading session on Thursday, reaching towards the psychologically and structurally important 1.25 handle. However, we have pulled back from there just a bit as I record this, so it makes sense that perhaps the downtrend continues.
The British Pound was thrown a lifeline this morning after UK retail sales rebounded unexpectedly in June, thanks to a rise in sales of antiques and second-hand clothes.
Based on the early price action, the direction of the September U.S. Dollar Index the rest of the session is likely to be determined by trader reaction to the pivot at 96.740.
British retail spending was surprisingly strong in June, according to data released Thursday — with shoppers seeking out discounts at charity shops. Monthly sales grew 1% in June, for a 12-month growth rate of 3.8%, the U.K. Office for National Statistics reported. Samuel Tombs, chief U.K. economist at Pantheon Macroeconomics, said the results show that U.K. consumers are happy to spend the growth in real wages and aren’t haunted by the possibility of a no-deal Brexit.
GBP/USD is recovery from a low set yesterday near the 1.2400 handle. The pair caught a strong bid in early day trading after UK retail sales came in ahead of expectations.