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GBP/USD Forecast: Looking For A Direction As The EU Plays Good Cop, Bad Cop
Monday, April 8, 2019 - 10:08am | 562Read More...GBP/USD is trading in a range as markets await a Brexit breakthrough. Talks between the government and the opposition are in the limelight. The technical picture is slightly bearish for the pair. GBP/USD is marginally up on the day, seemingly immune to the clock. The UK will exit the European...
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UK Services PMI Entered Contraction Territory For The First Time Since 2016
Wednesday, April 3, 2019 - 9:57am | 401Read More...UK Services PMI entered contraction territory for the first time since 2016. It implies Brexit is already biting the real economy. GBP/USD is focused on Brexit headlines rather than the economy, but this could hurt. Markit's forward-looking Services Purchasing Managers' Index for...
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GBP/USD Is Trading On High Ground On Two Efforts To Prevent A Hard Brexit
Wednesday, April 3, 2019 - 9:52am | 566Read More...GBP/USD is trading on high ground on two efforts to prevent a hard Brexit. Brexit headlines dominate but will make some way to critical US data. The technical picture has markedly improved for GBP/USD. GBP/USD is trading close to 1.3200, significantly higher. It's nine days to the delayed...
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EUR/USD Is Struggling Close To The 21-Month Lows
Tuesday, April 2, 2019 - 9:54am | 507Read More...EUR/USD is struggling close to the 21-month lows. Upbeat US data, weak EZ data, and also Brexit weigh on the pair. The pair is entering oversold conditions on the four-hour chart, and this could limit the falls. EUR/USD is battling 1.1200, not too far from the 21-month low of 1.1176 set in...
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GBP/USD Is Losing Support After A Rejection At Resistance As MPs Reject Everything
Thursday, March 28, 2019 - 9:45am | 617Read More...GBP/USD is trading in the lower end of the recent range as the Brexit impasse continues. The government and Parliament will try to find a way forward, 15 days to Brexit. The technical picture is worsening for cable. GBP/USD is trading below 1.3150, at the bottom end of the recent range: 1....
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Parliament's Indicative Votes And May's Struggles Indicate The Next GBP/USD Moves
Wednesday, March 27, 2019 - 10:02am | 622Read More...GBP/USD is trading in familiar ranges below 1.3200. Parliament is set to indicate alternative Brexit options and May faces her party. The technical picture is mixed as cable awaits an indication. GBP/USD is trading slightly lower, but well within known ranges, as Parliament begins its...
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GBP/USD Looking For A New Direction As May May Be Looking For A New Job
Monday, March 25, 2019 - 10:29am | 675Read More...GBP/USD kicks off the week slightly lower as Brexit uncertainty looms. Contradicting reports about the next Brexit steps and May's future are set to move the pound The technical picture is decidedly mixed for the pair. GBP/USD is slipping off the 1.3200 level after recovering on Friday....
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GBP/USD Traders Go Short As May Goes For A Short Brexit Extension
Wednesday, March 20, 2019 - 10:09am | 547Read More...GBP/USD is under pressure once again after consolidating. UK PM May is set to ask for a short Brexit extension rather than a long one. The technical picture is slightly less favorable. GBP/USD is trading in the low 1.3200s, down on the day. UK PM Theresa May is reportedly asking for a short...
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Excellent UK Jobs Report Will Add Fuel To GBP/USD's Fire
Tuesday, March 19, 2019 - 9:53am | 362Read More...The UK jobs report came out significantly better than expected. This adds to the BOE's reasons to raise rates and will push the pound higher. But nothing will move until Brexit is resolved. The UK published its labor market report around 12 minutes earlier than expected. Are UK...
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3 Political Brexit Developments That Sent GBP/USD Soaring And Higher Levels To Watch
Thursday, March 14, 2019 - 10:08am | 613Read More...GBP/USD is trading on high ground in a highly volatile environment. Parliament rejected a no-deal Brexit as expected, but other developments made the difference. The technical picture is bullish for the pair. The UK Parliament has rejected a no-deal Brexit on Wednesday in a stricter manner than...
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4 Scenarios For The Critical Brexit Day And GBP/USD Levels To Watch
Tuesday, March 12, 2019 - 10:12am | 871Read More...UK PM May secured a new deal from the EU ahead of today's vote. All eyes are on AG Geoffrey Cox and his legal opinion. GBP/USD shot higher on the breakthrough and volatility is set to be sky high. GBP/USD is trading above 1.3200 after a 300-pip recovery on Monday. Fraught negotiations over...
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Sterling Set To Stabilize Below 50% Fibonacci Level Ahead Of US NFP
Monday, March 11, 2019 - 10:48am | 513Read More...The GBP/USD is trading just below 50% Fibonacci retracement line of 1.3090 after the selloff. The US non-farm payroll (NFP) report is expected to see 180K new jobs added in February while wages are set to increase 3.3% y/y. The US Dollar strength caused by ECB’s dovish turn and Brexit...
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GBP/USD: The Only Way Is Down
Tuesday, March 5, 2019 - 11:02am | 553Read More...GBP/USD failed to rise after an upbeat Services PMI. Brexit talks resume, yet expectations are low. The technical picture is becoming more bearish. GBP/USD is trading around 1.3150. It had already reached out to 1.3200 earlier in the day, as the UK Services PMI beat with 51.3 points, escaping the...
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Buy The Rumor, Sell The Fact Sets Sterling For Correction Off 5-Month High
Wednesday, February 27, 2019 - 11:14am | 589Read More...If a “meaningful vote” does occur on March 12 and Theresa May’s plan is successful, there are 17 days left to extend the Article 50 end-date to allow for legislation around the Withdrawal Agreement to be passed. If the “meaningful vote” means defeat for May’s...
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3 Scenarios For Powell's Testimony And Currencies
Tuesday, February 26, 2019 - 10:59am | 413Read More...Fed Chair Jerome Powell will testify in Capitol Hill after pledging patience on rates. His message can go three ways for sentiment. Here are the three main scenarios and potential market reactions. 1) Not rocking the boat The Fed is now "patient" on interest rates, but we are not...
