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GBP/USD: Cable Support in-Focus After BoE Bounce

GBP/USD Talking Points: – The British Pound continued to slide into yesterday’s BoE rate decision, which was the first ‘Super Thursday’ meeting at the bank in 2019. As the bank cut growth forecasts while Governor, Mark Carney noted that the ‘Fog of Brexit’ was acting as a constraint, GBP/USD made a fast approach towards the […]
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GBPUSD Bounces at Help; US Dollar Hits Resistance at Monthly Highs

US Dollar, GBP/USD, EUR/USD Talking Points: – The big item on today’s economic calendar has already taken place with this morning’s ‘Super Thursday’ rate decision at the Bank of England. The BoE cut growth forecasts as Mr. Mark Carney noted that the ‘Fog of Brexit’ is creating tension and the UK economy is ill-prepared for […]
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US Dollar Tests Fresh Yearly Highs Ahead of December FOMC

US Dollar Talking Points: – The US Dollar is testing fresh yearly highs to continue this week’s move of strength, and this follows an early-week support test at the key Fibonacci level of 96.47. The big question at this point is how long might bulls be able to push, as a major USD event sits […]
US Dollar Tests Fresh Yearly Highs Ahead of December FOMC

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