After a very quiet start to the week, the markets will be busy on Wednesday. The US Federal Reserve will also be front page and center, as the Fed releases the FOMC minutes and Bernard Bernanke testifies in front of Congressional committee. After sustaining sharp losses,EUR/USD has posted a modest rally this week, gaining about one cent since Monday. In other economic news, the US releases…Continue
EUR/USD started the week with some modest gains, and the pair is steady as it trades in the high-1.28 range. Today’s only Eurozone release is German PPI, which missed the estimate, as weak German numbers continue to raise concerns. In the US, there are no fundamental releases, but the markets will get a chance to hear Treasury Secretary Jack Lew as well as two members of the FOMC. The markets are…Continue
EUR/USD has started the week quietly, as the pair trades in the 1.2870 range in Monday’s European session. We can expect thin trading on Monday, as the French and German markets are closed for a holiday. The US wrapped up last week on a positive note, as UoM Consumer Sentiment climbed to a six-month high. Today’s sole release is from the US, as FOMC member Charles Evans delivers a speech in…Continue
The pound’s troubles continue, as the currency lost almost two cents against the US dollar this week. GBP/USD closed the week at 1.5168. The upcoming week is a busy one, and the highlights include CPI, Retail Sales and GDP. Here is an outlook of the events and an updated technical analysis for GBP/USD.