|Day's range||1.291 - 1.292|
|52-week range||1.1959 - 1.3349|
The British pound rallied again during the trading session on Thursday, as we continue to look at the 1.30 level as a major barrier. At this point, the market is respecting that area as major resistance, so it looks like we will still find plenty of trouble.
After trading a bit heavy in the early week, GBP/USD is starting to show upward momentum. More importantly, it has held above a previously broken trendline which signals more upside.
The British pound is trading sideways for a second straight day and I expect the currency to continue to drift throughout Thursday trade. We could see some volatility on Friday, as the U.K. releases key manufacturing and services reports.
The HK Bill in support of the protestors is on its way to the Oval Office. Trump’s signature may well raise doubts over a phase 1 trade agreement.
Investors await the release of the Federal Reserve minutes, and predictably, there is little movement ahead of this major event. We could see some volatility from the British pound and Canadian dollar after the release, which is scheduled for 17:00 GMT.
GBP/USD made a bullish break in the early week but fell under pressure just ahead of a test of the psychological 1.30 level. The pair is seen continuing lower ahead of today’s Fed meeting minutes release.
Investing.com - The U.S. dollar was flat on Wednesday ahead of the expected release of the Federal Reserve meeting minutes and as tensions between Washington and Beijing rose.
Trade tensions, UK politics, the FOMC meeting minutes and inflation figures out of Canada will keep the markets busy throughout the day…
The U.S. dollar is pointing higher on Tuesday. The greenback is slightly higher against the Canadian dollar, while the pound has lost some ground against both the U.S. dollar and the euro.
The British pound continues to be all over the place as we have no idea what to do with Brexit. At this point, the market is banking on the 1.30 level, an area that would unleash massive gains.
GBP/USD made a notable bullish technical break on Monday but lost momentum ahead of the 1.3000 handle to fall into a range.
Chatter on trade remains the key driver, with negative updates from Beijing weighing on risk appetite early. The RBA added further pressure on the Aussie.
Investing.com - The U.S. dollar was little changed on Tuesday in Asia as traders await clarity on the Sino-U.S. trade developments.
The British pound initially surged higher during the trading session on Monday and a “risk on” type of move, but at this point we have seen the market feel that the 1.30 level, so it makes quite a bit of sense that we simply continue the overall consolidation.
Investing.com - The U.S. dollar fell on Monday after CNBC reported that Chinese officials are pessimistic that a trade deal will be signed.
GBP/USD advanced in early trading on Monday to take out a declining trendline that extends back to a high posted in October. The bullish break sets a positive tone with a likely first target of 1.3000.
The GBP/USD is building a flag chart pattern (red/blue lines), which typically indicates continuation. What is the main target of the uptrend?
Investing.com -- Saudi Arabia bows to the inevitable and scales down the Aramco IPO - but it could still be the world's biggest ever. Hong Kong's stock market defies the most violent clashes yet between police and students. HP rejects Xerox's bid, and sterling surges after weekend opinion polls show Boris Johnson's Conservatives on track to win a majority in parliament and break the Brexit deadlock. Here's what you need to know in financial markets on Monday, 18th November.
Nicola Mendelsohn launches the only charity in the world dedicated to finding treatments and cures for follicular lymphoma.
The Pound makes an early move, supported by the latest opinion polls. The ECB Financial Stability Review and Trade will also influence.
While economic data will influence, Beijing and Washington will likely have the greatest impact on risk appetite in the week ahead.