The EUR/USD corrected the extreme overbought conditions reached on Tuesday, aided by a weak schedule during the Asian session and with no relevant publications in the EU or the US. The dollar, however, remains weak across the board, trading near multi-month lows against most of its major rivals and at the levels last seen more than a year ago against the common currency, despite Kick in progress.
Added by Cristian Sánchez on July 19, 2017 at 2:39pm — No Comments
The GBP/USD managed to stay above the 1.3000 level, trading flat daily around 1.3030, as the market went into waiting ahead of Thursday's top-level events including the ECB's monetary policy decisions and The BOJ, and UK retail sales in June. The United States will publish some housing data before the opening of Wall Street, but given the market's negative sentiment toward the US currency, it seems unlikely that good numbers can do much for a short-lived…Continue
Added by Cristian Sánchez on July 19, 2017 at 2:30pm — No Comments