GBP/USD Daily Forecast – Sterling Tumbles to Fresh Six Month Lows Below 1.25

The British Pound is the Weakest Currency in July Thus Far Support at the psychological 1.2500 handle failed to hold GBP/USD higher in the early week as the pair was last seen trading at 1.2464. Much of the decline is…

GBP/USD Price Forecast – British pound quiet on Monday

The Euro went back and forth early on Monday, essentially deciding nothing. However, that is something worth paying attention to as we are hovering around the vital 1.25 level. This large, round, psychologically significant figure could be crucial in determining…

GBP/USD Daily Forecast – Sterling Starts the Week Near 7-Month Lows

Friday’s NFP Data Triggered a Bearish Break The markets were optimistic of the US economic outlook following Friday’s jobs data as the headline increase in new jobs for June exceeded expectations. Average hourly earnings ticked lower although there was an…

Erdogan’s Currency War. Markets Recede From the Recent Highs

As a result, this news caused demand for the dollar, which in turn put pressure on stocks, ignoring the recent growth based on the expectations of aggressive Fed policy easing. Positive news on the latest round of US-China trade negotiations…

GBP/USD Weekly Price Forecast – British pound breaks down for the week

The British pound has broken down significantly for the week, testing the 1.25 level underneath. Ultimately, this is an area that should continue to make a lot of noise, but if we were to break down below the 1.25 handle,…

GBP/USD Daily Forecast – Sterling Falls to Fresh Two-Week Lows Ahead of US Jobs Data

GBP/USD is an Under performer in the Week Thus Far Among the majors currencies, the British pound is the weakest. It has given up just over 1% versus the greenback. Much of the decline this week in GBP/USD is also…

Forex Daily Recap – Cable Extended a 2-Day Halt at 78.6% Fib Level

GBP/USD Today, the Cable extended its 2-day intermediate halt at the support confluence made up of the 78.6% Fibonacci benchmark and 1.2561 support mark. All the major SMA stood well above the pair restricting pair’s entry into the upper side.…

GBP/USD Daily Forecast – British Pound Range Bound in Holiday Thinned Trading

Focus is on Friday’s US Jobs Report GBP/USD has fallen into a range after touching fresh two-week lows on Wednesday. The pair seems to be holding above support but Friday’s data release will ultimately drive the pair. The ADP reported…

Forex Recap – Greenback Managed to Hold Gains Despite Adverse US Data

USD Index Today, the Greenback kept hold onto the gains attained on July 1 and kept the uptrend intact. The early gains came in the USD Index amid Fiber downfall. The EUR/USD pair was down in the Asian trading session…

Warning Signs of the Debt Markets

On the debt markets, there is a declining trend in the yield of long-term government bonds of developed countries: American 10-year-old treasuries dropped to 1.95%, and the German Bonds update their historical minimums at -0.40%. This should be regarded as…

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