|Day's range||1.324 - 1.331|
|52-week range||1.2708 - 1.4377|
Investing.com – The U.S. dollar was on track to post a weekly loss against its rivals as mixed U.S. economic data weighed on sentiment and ongoing euro strength curbed upside momentum.
The euro remained higher on Friday, as the U.S. dollar fell and trade concerns lingered. EUR/USD rose 0.26% to 1.1633 as of 11:24 AM ET (15:24 GMT) after French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.19% to 94.36.
The pair shot higher during the yesterday’s session after reaching its major support level at 1.15 level. The British Pound shot higher during the yesterday’s session breaking above the 1.32 level and then continued towards the 1.3250 level. If it breaks above the 1.33 level, then it will be a very big development and could send the British Pound much higher.
Investing.com - The euro was steady on Friday, as the U.S. dollar fell amid trade war concerns.French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone.EUR/USD rose 0.57% to 1.1669 as of 5:18 AM ET (9:18 GMT) while the pound was higher, with GBP/USD rising 0.52% to 1.3308.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.42% to 94.14.Tensions between the U.S. ...
The British pound rallied significantly during the day on Thursday, reaching above the 1.32 level comfortably, and testing the 1.3250 level as I record the video. This is in reaction to the statement out of the Bank of England being a bit more hawkish than originally anticipated. Because of this, the British pound rallied against almost everything, but I would be the first to point out that we stopped right at a major resistance barrier.
The Philly Fed report said business activity fell from 34.4 in May to 19.9 in June, its lowest since November 2016. The index’s sharpest drop since January 2014.
Bank of England kept interest rates unchanged but policy statement, dissents reveal hawkish tiltBloomberg News/LandovBank of England Gov. Mark Carney, right, speaks at a November news conference as Ben Broadbent, deputy governor for monetary policy, looks on. The British pound was one of the strongest-performing major currencies on Thursday, bouncing higher after the Bank of England’s monetary policy update.
Investing.com – The U.S. dollar gave up its early gains against its rivals following weaker Philadelphia Fed data and a rebound in sterling after the Bank of England's hawkish pivot.
Investing.com - The dollar eased after hitting the highest levels of the year on Thursday following the release of soft U.S. manufacturing data, while the pound was higher after the Bank of England laid the groundwork for an August rate hike.
Investing.com - The dollar rose to the highest levels of the year against a currency basket on Thursday, while the pound fell to seven month lows ahead of the conclusion of the Bank of England policy meeting later in the day.
GBPUSD’s recent U-turn, mainly due to three MPC members voting in favor of a rate-change, seems fueling the pair towards 1.3230-40 resistance-zone and then to the 1.3310 barrier. However, six-week long descending trend-line, at 1.3410 now, could restrict the pair’s further upside, failing to which highlights the 1.3480 and the 1.3550 resistances ahead of challenging the buyers’ strength by 200-day SMA level of 1.3600 and the 1.3610-20 region. In case if the pair can’t sustain latest pullback, the 1.3080 seems immediate support to watch ahead of observing the 1. ...
Investing.com - The dollar rose to near eleven month highs against a currency basket on Thursday, supported by expectations for a faster pace of rate hikes this year, while the pound was at the lows of the year ahead of the Bank of England meeting later in the day.
The pair traded on a choppy note during the Wednesday’s session initially tried to move higher but pulled back. The market seems to be trying to form a base around the 1.1550 level using the strong support level at 1.15 level.
The British pound has rallied ever so slightly during trading on Wednesday but has seen the 1.32 level offer resistance where support once was. It is currently bouncing around, but with an overall bearish attitude. I think this is going to continue to be the case, as economic numbers out of Great Britain recently have disappointed.
Investing.com – The U.S. dollar was roughly unchanged against its rivals Wednesday as softer U.S. economic data and a rebound in sterling kept a lid on upside momentum.
Investing.com - The pound was trading close to seven month lows on Wednesday as Prime Minister Theresa May’s government faced another crunch vote on Brexit.
The British pound has fallen hard during the trading session on Tuesday, reaching towards the 1.3150 level. The market breaking below the 1.32 level is a significant turn of events, and I think at this point the market will continue to find sellers until we get some type of call meaning of trade tensions betweenthe US and China.
Investing.com – The U.S. dollar rose to its highest level in nearly a year against its rivals, as U.S.-China trade-war concerns intensified after U.S. President Donald Trump threatened China with fresh tariffs.
Investing.com - The dollar rose to the day’s highs against a currency basket on Tuesday and pared back some losses against the safe haven yen as heightened trade tensions between the U.S. and China soured risk appetite.
Investing.com - The dollar fell to one-week lows against the safe haven yen on Tuesday as escalating trade tensions between the U.S. and China weighed on market sentiment.
The pair staged lower at the open in the Monday’s session due to some political concerns emerging out of Europe with news about Angela Markel being ousted. The 1.17 level above is massively resistive and as well as 1.18 level which the market needs to clear above in order to reverse the bearish sentiment. The 1.30 level underneath is going to be a massive support level.