1. syamfx2020

    Pound regains momentum against the USD and Euro

    The British pound bounced 200 pips from the weekly lows after the USD gives back some of the gains. At the time of writing, the GBP/USD trades above 1.3760. Moving ahead to the end of the week, the GBP traders will now be focused on Friday’s UK retail sales figures. Economists are predicting a...
  2. Jarratt Davis

    Current Sentiment | Cable is down over 200 pips

    There is no trade call today. The London session is again relatively light and may see low volatility. Current Sentiment: The Asian session was again light with a lack of data. FX trading has been rangebound. WTI is down nearly $1 from yesterday’s highs as the API inventory showed a build...
  3. Jarratt Davis

    Potential Opportunity To Short Cable

    There is no trade call for the session as we await new data. A miss on UK data may provide an opportunity to short Cable, depending upon the extent of any deviation. Current Sentiment: The dollar index continued to rally in yesterday's NY session moving up 1.2 points from lows. Today's Asian...
  4. fxstrategist

    The GBP/USD, good technical round number levels

    Some currency pairs are more technical than others. The Pound versus the Dollar has been respecting very well the round number levels lately as we can see on the daily chart. The 1.5500 has no doubt been a very good resistance. A breakout above the 1.5500 level could take the pair to the 1.5600...