|Day's range||1.315 - 1.32|
|52-week range||1.2591 - 1.4377|
Investing.com - The pound was trading close to seven month lows on Wednesday as Prime Minister Theresa May’s government faced another crunch vote on Brexit.
The currency markets calmed down a little on Wednesday after the prior day’s volatile action, as a pause in aggressive trade talk from the U.S. and China eased for now.
Ocado, tobacco stocks rise after analyst commentsShares of BP and rival oil producer Royal Dutch Shell were among Wednesday’s winners in U.K. trade. U.K. stocks jumped Tuesday, with gains for oil shares helping London’s blue-chip index bounce off a six-week low that it reached as trade tensions between the U.S. and China escalated. All sectors rose, led by the basic materials sector, which contains mining stocks.
The British pound has fallen hard during the trading session on Tuesday, reaching towards the 1.3150 level. The market breaking below the 1.32 level is a significant turn of events, and I think at this point the market will continue to find sellers until we get some type of call meaning of trade tensions betweenthe US and China.
Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals, as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs.
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite.
Investing.com - The dollar fell to one-week lows against the safe haven yen on Tuesday as escalating trade tensions between the U.S. and China weighed on market sentiment.
The pair staged lower at the open in the Monday’s session due to some political concerns emerging out of Europe with news about Angela Markel being ousted. The 1.17 level above is massively resistive and as well as 1.18 level which the market needs to clear above in order to reverse the bearish sentiment. The 1.30 level underneath is going to be a massive support level.
While there was risk yesterday from Central Bankers very little was said to move the market. Instead, the Trade War narrative boiled up again with the latest headlines that US President Trump is planning to impose an additional $200Bn in tariffs against China.
EURUSD continues falling and updating its short-term lows. The point is that investors are once again in search of “safe haven” assets because global “trade wars” are reviving.
The British pound has fallen during the Monday session to open up the week, as we continue to see a bit of a “risk off” type of trading attitude. It’s likely that we will continue to struggle in general, as we have seen such a massive selloff as of late, and of course the Federal Reserve looks likely to raise interest rates, something that is very unique in the world of central banks right now.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Monday as trade-war angst fuelled demand for safe-haven currencies, keeping a lid on upside momentum in the greenback.
Investing.com - The dollar fell to the day’s lows against the yen on Monday as heightened trade tensions between the U.S. and China hit market sentiment, bolstering safe haven demand for the Japanese currency.
The pair managed to reverse its positions in the Friday’s session after falling vehemently the previous session post the announcement from ECB. The market looks very concerned about the trade wars and its effect on the global trade scenario.
Investing.com - The diverging monetary policy outlook between the Federal Reserve and the European Central Bank is likely to boost the dollar and weigh on the euro in the coming week, by making the dollar more attractive to yield-seeking investors.
The British pound fell during the week, slicing through the 1.33 level as the US dollar gain against most majors. We tested the bottom of a hammer from a couple of weeks ago but did bounce on Friday to show signs of resiliency. At this point, we could be looking at the next major move just waiting to happen.
The British pound rallied significantly during the trading session on Friday, reaching towards the vital 1.33 handle. This may be a bit of a turnaround for the downtrend that started on Thursday, but I think that this could be a bit of a “dead cat bounce.”
Investing.com – The U.S. dollar retreated Friday as the U.S. said it would move ahead with hefty tariffs on Chinese goods, raising fears of a trade war between the world's two largest economies.
The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns. U.S. President Donald Trump announced a 25% tariff on $50 billion of Chinese goods on Friday, with China threatening to respond. The two largest economies in the world have been in a tit-for-tat over global trade tariffs in recent months as the two struggle to reconcile their trade differences.
The euro attempted to rally from its worst week in 19 months, as the U.S. dollar fell amid trade concerns. U.S. President Donald Trump announced he would impose tariffs on $50 billion of Chinese goods, which will be revealed on Friday. The euro was higher but still remained under pressure after the European Central Bank indicated on Thursday that it would hold interest rates steady until at least the summer of 2019.
With two-month long downward slanting trend-line restricting the GBPJPY’s upside, the pair continues to signal the 146.20 support re-test unless clearing the 147.75 TL barrier. Meanwhile, pair’s successful break above 147.75 trend-line enables it to claim the 148.10 and the 148.70 resistances but the 200-day SMA level of 149.80, adjacent to 150.00 psychological-magnet, could disappoint the Bulls.
The Euro fell hard during the yesterday’s session wiping out the entire up move after ECB announced that it is not going to change the interest rate and cutting the QE by only half, which was the big dampener for the market. The British Pound initially rallied a bit but fell hard afterwards in the yesterday’s session after the ECB announcement came. The AUD fell hard during the yesterday’s session reaching towards its major trend line as the market turned negative due to the knock-on effect of ECB announcement.