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NZDUSD is severely oversold so a bounce is possible to minor resistance at 5975/85. Shorts need stops above 5995.Strong resistance at 6015/25. Shorts need stops above 6040. USDCAD longs at support at...
UK retail sales post a sharp decline Rainy weather and high prices weighed on consumer spending The British pound has given up ground on Friday after several days of modest gains. In the European...
GBP/USD has been rallying this week on the back of strong employment and inflation data out of the UK. Traders are pricing in an outside chance of a big 50bps rate hike from the BOE next...
UK 10-year government bond yield surges to a 15-year high US 10-year real yields approach 14-year high Dollar was also lower on rebounding yen and yuan The British pound is still rallying from the...
UK retail sales expected to slip in July Fed minutes note concern about inflation The British pound has extended its gains on Thursday. In the North American session, GBP/USD is trading at 1.2772, up...
UK inflation drops but core rate remains steady US dollar gets lift from strong retail sales The British pound has posted considerable gains on Thursday. In the North session, GBP/USD is trading at...
Bearish: GBP/USD is currently at 1.2734, possibly starting a third wave in a channel. If we can push through slope support here, we are looking for a continuation to the ATR target at 1.2600. Today's...
Inflationary pressures in the UK are easing, although they remain the highest among the G7 countries, as sellers are in no hurry to cut prices.UK CPI fell 0.4% in July (-0.5% expected), the first...
UK job growth falls but wages soar UK releases CPI on Wednesday The British pound edged higher on Tuesday. In the European session, GBP/USD is trading at 1.2697, up 0.08%.UK job market cools but wages...
It appears that the GBP/USD is currently experiencing a bearish trend, with its current rate at 1.2659 in a fifth wave within a channel. If it can break through its current support, we can expect a...
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