GBP/USD continued to climb against the US dollar last week. The pair posted modest gains, closing at 1.6782. This week’s highlight is Retail Sales. Here is an outlook for the main events moving the pound, and an updated technical analysis for GBP/USD.
The pound got some help from solid UK employment numbers, as …Continue
EUR/USD fell lower on a Sunday gap and could never retake the previous levels. Will the attempts to talk down the euro succeed? PMIS and a speech from ECB president Mario Draghi are the key events. Here is an outlook on the highlights of this week and an updated technical analysis for EUR/USD.
Draghi made his mark once again: he …Continue
EUR/USD has moved higher on Thursday, as the euro continues to take advantage of dovish comments by Fed chair Janet Yellen on Wednesday. The pair is trading in the mid-1.3860 in the European session. Today’s sole Eurozone release, German PPI, declined last month, as Eurozone inflation indicators remain weak. In the US, we’ll get a look at Unemployment Claims and the Philly Fed Manufacturing Index later in the…Continue
EUR/USD managed to stage a gradual recovery reconquering the 1.3830 line. Less than impressing inflation figures from the euro-zone capped further significant advances. A wide range of FOMC speakers, including Yellen, as well as US housing data will set the tone later in the day.
Here is a quick update on the technical situation, indicators, and market sentiment that moves…Continue