The US dollar softened against the majority of G10 currencies on FBI’s decision to expand the Trump investigation to his business ties.
GBP/USD..yesterday’s break of 1.2986-1.3021 suggests we might see more from the bears. Chart & Analysis with levels and Market Profile from Clive Lambert
GBP/USD..in the short term although 1.2933-50 might still come to the rescue like it did yesterday.
Draghi may dishearten the ECB-hawks By Ipek Ozkardeskaya Cable first slipped to 1.2971 on the back of a broad-based USD appreciation, then gained back the 1.30 level on solid retail sales data. The UK’s retail sales including auto fuel rose by 0.6% month-on-month in June,[…]
EUR down on profit taking, AUD up By Ipek Ozkardeskaya Cable consolidates above the $1.30. The BoE-doves made an attempt to bring the pound lower as the inflation pulled away from the critical 3% level in June. Yet, the failure to remove the $1.30[…]
GBP/USD: Consensus opinion is that there is a very good chance that the US Fed.. Chart/Comment – Nicole Elliott, Investors Chronicle
For the last 30 months the US Fed’s balance sheet has remained constant at a whopping$4.5 trillion. Over that same time frame the Bank of Japan’s has exploded from the equivalent of $2.5 to $4.47 trillion.
GBP/USD: Slightly worrying for our new long position..Chart/Comment – Nicole Elliott, Investors Chronicle
Yesterday the Monetary Authority of Singapore slapped a SGD $700,000 fine on Credit Suisse’s operations in the country for breaching money laundering rules..