Daily wise bearish structure, but as 4H shown shift in structure to the topside
After opening the session in negative territory, GBPUSD performed a quick U-turn after UK manufacturing, industrial production and monthly GDP data all beat expectations. And over in Ireland, UK PM Boris Johnson was in a more conciliatory mood.
The US Dollar came into the holiday-shortened week with a full head of steam. But that's been soundly reversed. Tomorrow brings NFP and Canadian employment.
It's going to be a big week for the US Dollar and likely US equities as the Jackson Hole Economic Symposium kicks off on Wednesday.
GBPUSD Dips, EURUSD Steady, SNB Intervening in Swiss Franc (CHF) - US Market Open
UK asset markets are in a limbo this week with little hard UK data to look forward to. Later in the week, the FOMC minutes and on Friday, FOMC chair Jerome Powell speaks at the Jackson Hole Symposium.
After a burst of excitement FX markets have begun to digest, but will sellers be able to provoke a bigger push in the US Dollar?
The Equity sell-off has calmed for now but a number of questions remain around global markets. The US Dollar is currently testing lower-high resistance.
Its a big week for the British Pound and GBP/USD is wasting no time, dropping to fresh two-year-lows ahead of the FOMC and BoE Super Thursday.
GBPUSD now back at lows last seen over 27 months ago driven by a combination of Brexit fears and a rampant US dollar.
Sterling opens the week in negative territory as one senior Conservative MP resigns before Boris Johnson has even been elected as the new leader of the Tory Party.
The US Dollar has seen a different tonality so far in July, but a short-term theme of strength runs counter to an intermediate-term scenario of weakness.
It's been a busy backdrop since yesterday's FOMC rate decision, with risk assets flying-higher as the US Dollar has taken a dive.
The May UK inflation report (consumer price index) is due on Wednesday, June 19 at 08:30 GMT.
The US Dollar came into the month of June screaming-lower, but has since found support. Next week's FOMC looms large, will buyers be able to hold the bid?
The US Dollar has finally found some element of support at a key Fibonacci level which is confluent with the 200-day moving average. Can it hold?
There is growing noise and tweet activity suggesting that UK PM Theresa May could well be out of a job very shortly after her disastrous ‘new deal’ Brexit presentation Tuesday.
GBPUSD prices are rallying sharply amid the last-ditch effort by UK Prime Minister Theresa May to prevent a no deal, “hard Brexit.”
The April UK Consumer Price Index is due on Wednesday, May 22 at 08:30 GMT.
The US Dollar had a very strong outing last week. Can buyers remain in-charge to push up to a fresh 2019 high?