Tag Archives: GBP/USD

FX Daily Majors

Today’s highlights: USDJPY has surged higher and stays bullish for 111.60

Time spent above the 21-DMA was brief with the sharp reversal lower reconfirming bearish pressure and

The pair closed in NY Thursday at $1.6005 after rate had recovered off intraday lows of $1.5950 to

Sterling continues to honor the downtrend line from mid July.

Today’s highlights: DXY $ Index above 86.10 should reassert the uptrend for

Markets are digesting yesterday’s Fed statement, but sentiment into the NA open is negative.

EUR/USD: We expect a break of 1.2500 sooner rather than later.

EUR/USD declined sharply yesterday. Thebreak of the support at 1.2614 calls for a test ofthe recent lows at 1.2501.

The pair closed in NY Wednesday at $1.6009 after rate had begun to correct off NY highs of $1.6161 on

Time spent above the 21-DMA was brief with the sharp reversal lower reconfirming bearish pressure and

Today’s highlights: DXY $ Index below 86.10 maintains the threat of further weakness.

EUR/USD has breached the hourly resistance at1.2743, suggesting some increase in buyinginterest.