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GBPUSD - London Open: Fragile trading conditions continue in FX markets
Fragile trading conditions in FX markets continued this morning as traders are jockeying for position and seem overly preoccupied with Tokyo and London Fixes (quarter-end) 4:00 PM Local London Fix – ...
Sentiment cautious as volatile quarter comes to an end
Focusing on the technical picture, GBPUSD is experiencing a technical rebound on the daily charts with prices trading around 1.2300 as of writing. A breakdown below the 50% Fibonacci level, could ...
GBPUSD: Big drop doesn’t change anything [Video]
This supports the longer-term constructive outlook, with a major bottom sought out ahead of the start to a big run to the topside. Look for the major pair to hold up above 1.2000 on a monthly close ...
How I am Trading the Forex Majors This Week, March 30
This week has started off a bit slower than the past couple of weeks have. We are seeing consolidations on the 4-hour charts on the EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, and NZDUSD. The USDCAD had ...
US Dollar: China Cuts The Repo Rate And Sends The USD Higher
Currencies meanwhile reflect a strengthening in the US dollar and this has pushed EURUSD and GBPUSD lower by around -0.5%. This could be related to weekend news that the central bank of China has cut ...