Since the beginning of the year – a mere 20 trading days , the British Pound has gained almost 700 pips against the US dollar and looked set to continue its upwards trajectory with a move back to re-test the November 2010 high of USD1.6299....
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Chinese GDP worries forex markets
The fundamental news overnight was all about China, as equity markets stumbled yesterday in Europe and the US ahead of the data, with the FTSE 100 in London ending the trading session with a bearish engulfing candle signalling a potential move lower today. The data...
Bullish momentum for Cable continues
Last week’s bullish momentum for the UK pound has spilled over into the London trading session this morning, and despite the US markets being closed in observance of Martin Luther King Jr Day, the pair have broken through the psychological 1.5900 level to trade at...
Forex market news this morning
A quiet start to the forex trading week with the US markets closed today in observance of Martin Luther King day, and therefore we can expect thin market trading conditions with low volumes, and volatile moves as a result. With very little real news to...
