The British Pound is grappling with some intriguing technicals around the BoE meeting today.
GBP/USD may face a larger recovery in the days ahead should the Bank of England (BoE) adopt a more hawkish tone for monetary policy.
The Swiss Franc rose after the ECB said it won’t accept Greek government bonds as collateral. The British Pound is likely to overlook a status-quo BOE rate decision.
Crude oil prices may be readying to turn lower after finding resistance below the $59.00 figure. The S&P 500 remains in consolidation mode below 2100.
The USDOLLAR Index’s fall has stalled above an important support region – will GBPUSD lead the way?
The US Dollar may continue lower as soft economic data undermines the Federal Reserve policy outlook. The British Pound may rise on another upbeat round of PMIs.
The Dollar took a tumble this past session, and it is unlikely a coincidence that the retreat happened at the same time US equities charged higher.
A weekly opening range break put long-scalps in play ahead of key event risk later this week. Here are the updated targets & invalidation levels.
A further expansion in New Zealand Employment may spur a larger correction in NZD/USD as it dampens bets for an RBNZ rate cut.
Every trader should have a trend following strategy at their disposal. Learn one today, as we continue our strategy series with the ADX 50 trend trading strategy.