Forex Market: GBP/USD recoups earlier losses on upbeat UK data, while negative interest rate uncertainty continues to persist

May 21, 2020 11:39 am
GBP/USD pared earlier losses during the late phase of the European trading session on Thursday, as better-than-expected UK manufacturing and services numbers by IHS Markit introduced some optimism following a string of dismal macro data released earlier. Preliminary data showed that UK’s Manufacturing Purchasing Managers’ Index rebounded more than expected in May to a reading […] Read more

Forex Market: GBP/USD remains rangebound as weak UK inflation data heightens negative interest rate probability

May 20, 2020 11:37 am
GBP/USD held steady during late European trade on Wednesday, recouping part of earlier losses, but startling UK inflation data may still weigh on the Sterling, as it supports the prospect of negative interest rates being introduced by Bank of England to prop up the pandemic-ravished economy. Earlier Wednesday, the Office for National Statistics reported that […] Read more

Major Currency Pairs: Pivot Levels for Friday (July 21st 2017)

July 21, 2017 6:08 am
USD/CHF R1 – 0.9524 R2 – 0.9536 R3 (Range Resistance – Sell) – 0.9548 R4 (Long Breakout) – 0.9584 R5 (Breakout Target 1) – 0.9625 R6 (Breakout Target 2) – 0.9642 S1 – 0.9500 S2 – 0.9488 S3 (Range Support – Buy) – 0.9476 S4 (Short Breakout) – 0.9441 S5 (Breakout Target 1) – 0.9399 […] Read more