Monthly archive November, 2017

GBP support continues; GBPUSD eyeing 1.35

The US economy grew faster than initially expected for the third quarter. Data issued yesterday shows that the US economy has grown at annualized pace of 3.3% during the previous quarter. The stronger data has helped support for the USD Read More →

GBP/USD: Buying Sterling In 2018 Is A Long-Term-Fair-Value (LTFV) Trade – SEB

SEB FX Strategy Research notes that GBP is still significantly undervalued and makes the case for going long GBP/USD via option in 2108 as a structural trade on Long-Term Fair-Value (LTFV).

"With its LTFV against the USD quite stable Read More →

Dollar lifted by robust data

In an unusual criticism of its neighbour and ally, China’s Foreign Ministry expressed "grave concern and opposition" to North Korea's latest missile launch.

The dollar rose versus the yen on Wednesday, buoyed by robust U.S. economic data while the Read More →

EUR/USD, AUD/USD: To Range Trade N-Term: Levels & Targets – Citi

Citi Research discusses the technical outlook for EUR/USD and AUD/USD, expecting the 2 pairs to continue range-trading in the near-term.

"EUR/USD may range trade between 1.1679 (fibo 0.764) – 1.2092 (Sep top), with next support at 1.1495 (Oct 2015 Read More →