GBP/USD bulls move in from the lows of a significant daily drop
Share: A busy week ahead for GBP/USD with domestic growth and central bank speakers. GBP/USD bulls are attempting to correct the US Dollar’s strength. On the daily chart, the 38.2% Fibonacci is around the psychological 1.2150 area. GBP/USD is flat on the day at 1.2025 so far as we enter the Tokyo session […]
ECB’s Rehn sees reasons for ‘significant’ interest rate increases before summer
European Central Bank (ECB) Governing Council member and Governor of Austria’s central bank Olli Rehn made some comments on the central bank’s interest rates policy during his appearance over the weekend. He said that he sees grounds for “significant interest rate increases from the ECB this winter and the coming spring.” Market reaction EUR/USD is […]
125.85/124.00 could be next significant support zone – SocGen
USD/JPY accelerates the downfall to 128.00. The pair could dive as low as 124.00, economists at Société Générale report. Channel at 134/134.80 should cap short-term upside “Daily MACD has flattened recently however signals of an extended bounce are not yet visible.” “The pair is likely to drift towards next projections at 128 and 126.80. Peak […]