British Pound: USD/GBP (GBP=X) longer-term bearish trend might be ready for continuation

British Pound: USD/GBP (GBP=X) longer-term bearish trend might be ready for continuation The British Pound recovered in the latter-portion of last week after failing to drive through the 1.3000 level. That was the first test of the key psychological level since last year, and retail traders have been suspiciously bearish around the move, highlighting the potential for…

Euro: USD/EUR (EUR=X) volatile but mostly directionless

Euro: USD/EUR (EUR=X) volatile but mostly directionless The Euro finished in the middle of the pack last week, gaining ground against four currencies while losing ground against three. EUR/CHF was the worst performer, dropping by -0.61%, while EUR/GBP was the best, adding +0.98%; EUR/USD was volatile but mostly directionless, adding a mere +0.33%. While the economic calendar last week…

BREXIT: UK want US Deal

BREXIT: UK want US Deal As the British government prepares to finalize its withdrawal from the European Union and create new trade agreements, 64 percent of British voters and 67 percent of American voters support a strong, bilateral trade agreement between the two countries, according to a YouGov poll commissioned by Washington-based FP1 Strategies and…

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing really new. PE The US Dollar (.DXY) Index at 94.29 has broken support near 94.5, next support is at 94 which it could test in early this week. A test of 94 by .DXY could correspond with a test of 1.18 by EUR. EUR (Euro) at 1.1739 moved past resistance at 1.1715…