FX News

Dollar tumbles as political uncertainty persists

The dollar slipped against its major rivals on Friday as persistent uncertainty over the economic agenda of U.S. President Donald Trump drove forex investors away from the greenback.

The greenback fell to a four-month trough against the yen in Read More →

EURGBP – Can Euro Break Past 0.9150 Vs British Pound?

Key Points

  • The Euro remains elevated above the 0.9100 support against the British Pound.
  • There is a connecting bullish trend line with support at 0.9120 forming on the hourly chart of EURGBP.
  • Recently in the UK, the Rightmove House Price Read More →

GBP: To Range-Trade Amid Continued Uncertainty – Barclays

Barclays Capital FX Strategy Research expects GBP to remain range-bound as the political uncertainty from the Brexit negotiations remains elevated.

"However, speakers at Jackson Hole will likely introduce risks, in the context of a market reluctant to price a Read More →

EUR/USD: Topping Out; An Opportunity For The Patient USD Bull – BNPP

BNP Paribas FX Strategy Research notes that EUR/USD appears to be topping out with momentum model signals that EUR momentum has peaked, while positioning analysis framework suggests EUR/USD positioning is stretched long.

"A compelling case could be made for Read More →