GBP/USD collapses to new 4-week lows at 1.2059 after robust US economic data
The Pound Sterling opposes no resistance to upbeat economic data in the United States. US jobs data and services activity showed that the US economy remains solid despite the US Federal Reserve tightening cycle. For the next week, GBP/USD traders are eyeing the UK GDP and US Fed speakers. GBP/USD nosedives and extended its losses […]
Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?
Euro, EUR/USD, US Dollar, GBP/USD, ECB, BoE, AUD/USD, Crude Oil – Talking Points Euro support continues as US Dollar IS undermined by dovish perceptions The Fed hiked rates but Fed Chair Powell’s comments juiced up markets If the ECB hike as anticipated, will EUR/USD turn around? Recommended by Daniel McCarthy Get Your Free EUR Forecast […]
GBP/USD collapses to new 4-week lows at 1.2059
GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above Wednesday’s 25 basis points mark (bps). At the time of writing, the GBP/USD is […]
Dow and S&P 500 Breakout Collapses But Dollar Holds Onto Losses with Powell Ahead
Dow, S&P 500, Volatility, EURUSD and Fed Rates Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 While there was notable event risk for release Monday – such as the NY Fed’s inflation expectations – it seemed markets were motivated more by Friday’s momentum A false breakout reversal from the […]