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GBP/USD Surges on Irish Backstop Hopes – US Market Open

MARKET DEVELOPMENT – GBP/USD Surges on Irish Backstop Hopes DailyFX 2019 FX Trading Forecasts GBP: Sterling has been the notable mover, gaining over 0.9% against the greenback as Brexit optimisim underpins with the pair seeing its largest weekly gain since May. A report in the Time newspaper snoted that the DUP would accept Northern Ireland […]
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Most Volatile Currencies Next Week – US Greenback, GBP/USD

Currency Volatility US Dollar,GBPUSD Talking Points US Dollar | Fed Risk Boosts FX Volatility GBP/USD | BoE to Maintain Monetary Policy Stance Top 10 most volatile currency pairs and how to trade them We are continually looking to improve our service and your views can help us. Please let us know what you think via […]
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Near-term Trade Setups in USD/CAD, GBP/USD & USD/CHF

Review this week’s Strategy Webinar for an in-depth breakdown of these setups and more. Loonie Price Chart – USD/CAD 120min Chart Prepared by Michael Boutros, Technical Strategist; USD/CAD on Tradingview In my most recent Canadian Dollar Price Outlook, we noted that USD/CAD was, “testing the first major support hurdle on the back of last week’s […]
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A GBPUSD and Pound Reversal Whose Run Will Always Depend on Brexit

British Pound Talking Points: GBPUSD charged its biggest single-day rally since March 13th this past Wednesday This past week’s Cable and general Sterling rally pushed the depressed pairs to tentative reversal While there is plenty of open air above, an errant Brexit headline could readily capsize GBP See how retail traders are positioned in the […]
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EUR/USD Recovers, GBP/USD Rallies, USD/CAD Eyes BoC Risk – US Market Open

MARKET DEVELOPMENT –EUR/USD Recovers, GBP/USD Rallies, USD/CAD Eyes BoC Risk DailyFX 2019 FX Trading Forecasts Equities: Global equities are notably firmer following the announcement by Hong Kong’s Carrie Lam that the controversial extradition bill that sparked protests for 3-months will be withdrawn. Consequently, this has spurred risk-on sentiment with European and US equity futures trading […]
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GBPUSD Outlook: No End in Sight for Trend Lower

GBP price, news and analysis: GBPUSD is facing further losses as it falls within a well-defined downward-sloping channel on the daily chart. The suspension of the British Parliament by Prime Minister Boris Johnson is the latest development to have undermined it. Further losses likely for Sterling The GBPUSD price outlook remains negative as it continues […]
GBPUSD Outlook: No End in Sight for Trend Lower

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