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GBP: Investors Unlikely To Have Any Appetite To Long GBP Ahead Of Key Events – BofAML

Bank of America Merrill Lynch FX Strategy Research argues that politics, more than data, matter for GBP especially with a heavy Brexit calendar through to year-end.

"We think markets are unprepared and vol looks cheap given that major GBP Read More →

AUDNZD – Aussie Dollar Holding Crucial Support Vs Kiwi Dollar

Key Points

  • The Aussie Dollar after trading as high as 1.0879 against the New Zealand Dollar corrected lower.
  • There is a major bullish trend line with support at 1.0815 forming on the hourly chart of AUDNZD.
  • Recently in China, the Read More →

CAD: Focus On CPI On Friday; A low Print To Put CAD Under Mild Pressure – Barclays

Barclays Capital FX Strategy Research notes that the focus of CAD traders will be on Canada's CPI on Friday.

"We forecast CPI to have been flat on July, and annual inflation to reach 1.2% y/y from 1.0% in May. Read More →

Risk aversion prevails on Barcelona and recent happenings in Washington; USD lower and Yen outshines

The Barcelona terror attacks and reinvigorating doubts over the ability for the Trump administration are dominating market sentiment. Asia took a negative handover from the US close and has so far this morning followed suit, as the major equity indices Read More →

GBPUSD – Can British Pound Break This Vs US Dollar?

Key Points

  • The British Pound after declining towards the 1.2845 level found support against the US Dollar.
  • The GBPUSD pair is currently correcting higher, but faces a major hurdle near 1.2910 on the hourly chart.
  • Recently in the UK, the Read More →