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GBP/USD remains bearish towards 1.2000 on dollar momentum

December 20, 2016 6:20 PM
GBP/USD followed-through modestly to the downside on Tuesday to hit a new one-month low amid continuing strength in the US dollar. This new low follows a clean breakdown last week below a key uptrend line, which has opened the way back down towards October’s multi-decade lows near 1.2000.

EUR/USD teeters above critical support

November 30, 2016 9:48 PM
The 1.0500 level has served as a major historical support area for EUR/USD within the past two years. Previously, the currency pair had not traded at these depths for more than a decade – since early 2003. While it was breached to the downside slightly and briefly in March of 2015, the 1.0500 level has been repeatedly tested and has held its ground ...

Dollar weakness boosts EUR/USD to new post-Brexit high

August 18, 2016 8:40 PM
EUR/USD has been climbing from its post-Brexit lows for nearly the past month. Much of this rise has been attributed to weakness in the US dollar, as bets on a Fed rate hike this year have progressively diminished in recent weeks. Wednesday’s release of July’s FOMC minutes failed to help matters much for the US dollar, as the Fed was seen as sharply...