GBPUSD

US Manufacturing Data Due The US dollar has had a subdued start to the week with the index trading roughly flat over the European morning on Monday. The main focus today will be the release of the ISM Manufacturing data for November. If… Read More

USD Climbing The US dollar has been higher again today as the USD index continues to try and break out above recent highs, trading 98.32 last. Comments from Fed’s Powell earlier in the week have kept USD supported, backing up the view that… Read More

The US markets were closed on Thursday on account of the Thanksgiving holiday. Investors were cautious amid the lack of any major fundamentals during the day. Doubts on the US and China trade deal still remain. This comes as the Washington… Read More

Powell Positive on US Economy The US dollar was higher over the last 24 hours. This is despite a weaker than expected CB consumer confidence number (125.5 vs 126.9 expected) in response to comments from Fed chair Powell. Speaking… Read More

Top trade negotiators of China and the United States apparently held a phone conference on Tuesday. Both parties said that there is an increase in the chances of the "phase one deal" being reached. A spokesperson from China said that… Read More

USD Higher Ahead of Data The US dollar has been higher again today with the USD index trading 98.25 last, moving back up towards recent highs. Later today traders receive the CB consumer confidence number for last month which is expected… Read More

Equity markets rallied as a risk on sentiment saw major US indices touching new highs from Friday. The gains were partly driven by activity in the stock markets. However, trade optimism is once again partly cited for the gains. President… Read More

GBPUSD seems to be forming a corrective cycle XX, which can be seen as a zigzag and consists of primary sub-waves  Ⓐ-Ⓑ-Ⓒ. A fresh 5-wave bullish impulse Ⓒ could be underway. Following the completion of the intermediate correction wave… Read More

USD Driving Higher USD has been firmer this morning so far with the USD index trading up to 98.20 last. The FOMC meeting minutes last week revealed the Fed is still highly concerned over the risks to the US economy, noting a willingness to… Read More

The USD rebounded strongly on Friday marking strong gains and a four-day winning streak. The gains come on the back of strong patch of economic reports from the US. Elsewhere, reports from other regions were somewhat weaker in… Read More