Tag Archives: GBP/USD

FX Daily Majors

Today’s highlights: USDCAD’s break above 1.1468/77 keeps the immediate trend higher to

EUR/USD is bouncing after having posted new lows.

EUR/USD in limbo between bullish price action and short-term trend-following tools pointing lower.

Friday we projected a target of 1.5540 to complete wave-C of (b) of an expanded flat correction.

The pair closed in NY Monday at $1.5649 after rate had recovered off an early Europe extended low

The bounce from ahead of the $1.2241 support and falling daily trend line projection

Today’s highlights: NZDUSD below .7693/60 should confirm a large top to

Markets are off to a difficult start this week, the combination of disappointing trade data from China,

EUR/USD-Persistent selling pressures in place.

The pair closed in NY Friday at $1.5580 having recovered off a post US NFP low of $1.5568 into the close.

Fresh 2014 and 2 year lows combined with the bearish close Friday see bears firmly focused on

ECB’s QE is getting nearer. The persistent deflationary pressures have recently been exacerbated by the plunge in oil prices.