|Day's Range||1.322 - 1.329|
|52 Week Range||1.2777 - 1.4377|
Investing.com - The dollar slipped lower against a currency basket on Monday, having posted its largest weekly gain in a month last week as investors turned their attention to U.S. retail sales figures for June later in the session.
Investing.com - The dollar was holding steady not far from six-month highs against a basket of the other major currencies on Monday as trade concerns remained in focus following the release of soft Chinese growth data.
The dollar moved slightly lower against other major currencies in choppy action on Monday, as traders erred on the side of caution ahead of a closely watched summit between U.S. President Donald Trump and Russian President Vladimir Putin.
U.K. stocks tilted lower Monday, with mining shares struggling after data showed economic growth slowed modestly in China, putting the London benchmark at risk for its first loss in three sessions.
The market continued to move lower during the Wednesday’s session reaching down towards the 1.16 level but managed to bounce a little as it witnessed some buying interest around the area. If the market further breaks from here, the next major support will be at 1.15 level. There are a lot of political developments coming out of Europe and also the trade wars are building pressure on the market and hammering the Euro. A break above 1.17 level could bring some amount of stability to the market. …Read MoreGBP/USD
The pair has been pretty buoyant which is a surprise considering the fact that the Brexit process is not going exactly to plan
Softer economic growth in China weighed on risk appetite early in the day, with the U.S – Russia Summit, trade tariff chatter and U.S retail sales figures in focus through the day.
Investing.com - Investors will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and monetary policy to a Senate committee on Tuesday.
The markets continue to be shackled by geo-political headwinds, with Trump at the center of it all, the U.S – Russian Summit, trade wars, Iran sanctions to name but a few of the U.S President’s handiwork.
The British pound continue to go back and forth during the week, ultimately settling on a negative candle focusing on the 1.32 level. This is an area that I think will continue to define where we go longer-term, but I do see a lot of demand underneath that of course makes it a very interesting proposition.
The British pound has initially falling during the day on Friday, but then bounced rather hard from the 1.31 level to show signs of resiliency again. By doing so, this shows that there is a lot of demand near the 1.31 handle, and therefore I think we are starting to put a bit of a “floor” in the market.
The U.S. dollar index took aim at its biggest weekly gain in four weeks on Friday, as its rivals struggled in the face of trade-war worries and comments from President Donald Trump during his Europe trip.
Investing.com – The dollar retreated from a two-week high against its rivals Friday, pressured by a rebound in the pound from an 11-day low.
U.K. stocks pare their gains into the close on Friday as the pound swung higher after U.S. President Donald Trump backtracked on his criticism of Theresa May’s Brexit plans and said a U.S.-U.K. trade deal is still possible.
The market further dipped lower during the Thursday’s session testing the 1.1650 level, an area which has been a support more than once. The reaction in the market is due to the details in the ECB meeting minutes. Going ahead, the market is likely to hold this level and will also attract buyers interest. If the market further breaks from here, then it will rapidly unwind towards the 1.16 level. …Read MoreGBP/USD
The pound continues to be under pressure due to the geopolitical developments with the UK putting the Brexit process under a cloud
While risk appetite returns to the markets, the Dollar looks to have found its some upside in the early part of the day, though it could all change should sentiment towards trade tariffs take another turn.
The British pound went sideways overall during the trading session on Thursday before dipping. However, we found enough support underneath the 1.32 level to show signs of resiliency yet again.
Investing.com – The dollar was roughly flat against its rivals Thursday, as U.S. economic data showed the pace of consumer prices was subdued last month, but downside was limited by a slump in the yen amid easing trade-war concerns.
Investing.com - The dollar was holding steady at one-and-a-half week highs against a currency basket on Thursday after data showing that U.S. inflation hit a six year high in June, underpinning expectations for two more rate hikes by the Federal Reserve this year.
U.K. stocks finish in the green Thursday, rebounding from its worst loss in more than two weeks, with Sky shares leading the charge as the bidding war for the broadcaster intensified.
Investing.com - The dollar rose to fresh six month highs against the yen on Thursday and was steady against a currency basket as solid gains in the latest U.S. inflation report reinforced expectations for two additional rate hikes by the Federal Reserve this year.
The WTI Oil price fell from $72.98 to $68.68 yesterday despite the inventories data showing a draw of -12.6M barrels which is the biggest since September 2016. Global stocks recover as investors continue to watch trade war developments.
The risk tap opened this morning, providing much needed support for the Asian equity markets and the commodity currencies, with focus now shifting to the release of the ECB policy meeting minutes and U.S inflation figures.