|Day's range||1.3 - 1.309|
|52-week range||1.2663 - 1.4377|
Investing.com - The dollar slipped lower against a currency basket on Monday, while the euro pushed higher even as Italy prepared to see its proposed budget for 2019 rejected by the European Union for breaching borrowing targets.
A lack of stats will have the markets focused on the Italian coalition government’s response to the EU Commission letter, British PM May also in action.
Investing.com - This week investors will be looking ahead to Friday’s data on U.S. third quarter growth, while monetary policy decisions from the European Central Bank and Bank of Canada will also be in focus.
The British pound continues to be very messy overall, forming a bit of a shooting star during the week, but quite frankly we are just simply bouncing around between the 1.30 level and the bottom, and the 1.3250 level in the top. This makes perfect sense considering everything that’s going on though.
The British pound bounced during the day on Friday after significant selling this week. However, the one thing that I find most interesting about this is that the bounce is from the 1.30 level, an area that is crucial from a technical standpoint.
Investing.com - The U.S. dollar was lower on Friday as bond yields continued to hold near a one-week high, while the euro was higher.The U.S. dollar index, which tracks the greenback against a basket of other currencies, fell 0.13% to 95.60 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher, with the United States 10-Year note at 3.192%, not far from a one-week high of 3.211% on Thursday. Bond yields rose after hawkish Fed minutes on Wednesday showed the central bank's conviction in gradually increasing interest rates in December and beyond. ...
China sees its slowest growth since 2009 to rile the markets in the wake of a Thursday sell-off that came off the back of positive stats out of the U.S.
Investing.com - The dollar rose against its rivals Thursday as a slew of positive U.S. economic data reaffirmed investor expectations that the Federal Reserve will continue with its glacial pace of rate hikes, despite criticism from President Donald Trump.
Investing.com - The U.S. dollar was higher on Thursday as bond yields rose and minutes from the Federal Reserve’s September meeting supported a rate increase in December.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.13% to 95.47 as of 10:57 AM ET (14:57 GMT).Treasury yields were higher on Thursday, with the United States 10-Year note near a one-week high of 3.211% and the 2-year note at a 10-year high. ...
Investing.com - The dollar eased from one-and-a-half week highs against a currency basket on Thursday, but remained supported as the minutes from the Federal Reserve’s September meeting indicated that it plans to push ahead with rate hikes in the coming months.
Hawkish Fed minutes and Brexit uncertainty indicate the path of least resistance for GBP is on the downside.
The British pound fell on Wednesday, extending down to the 1.31 level, an area that should be supportive based upon the gap at the open of the weekend of course previous action.
It’s all eyes on the Pound, with Brexit news and UK retail sales figures to provide direction through the day. Any progress on Brexit to be the key driver.
Investing.com - The dollar rose against its rivals Wednesday, shrugging off soft housing market data ahead of the release of the Federal Reserve's September minutes.
Investing.com - The U.S. dollar rose on Wednesday as traders waited for the latest meeting minutes from the Federal Reserve, while sterling was pushed lower over Brexit worries.The U.S. dollar index, which tracks the greenback against a basket of other currencies, rose 0.34% to 95.10 as of 11:07 AM ET (15:07 GMT).The meeting minutes from the Fed are released at 2:00 PM ET (18:00 GMT). The central bank took a more hawkish tone at its September meeting when it raised interest rates and dropped the word “accommodative” from its policy stance. ...
Investing.com -The annual rate of inflation in the UK rose at at the slowest pace in three months in September according to data released on Wednesday, as consumer prices were pulled down by cheaper food prices.
Investing.com - The dollar edged higher against a currency basket on Wednesday, as market sentiment was boosted by strong earnings reports, dampening demand for safe haven assets.
Inflation numbers came in softer than expected, which should ease pressure on the BoE further as the British Government attempts to garner a Brexit deal
The market could witness significant buying interest around the 1.31 and 1.30 level, all which are strong support points. The 0.71 and 0.70 levels underneath are the strong support points and the market is likely to hold on the levels. The pair retraced from the 61.8% of the Fibonacci level at 111.50 level, an area which has been important in the past.
The pair’s direction moving forward is highly likely to be influenced by UK macro data outcome.
While we can expect some focus on the FOMC minutes, it’s all about the GBP and the EUR today, the EU Summit putting Brexit and Italy in focus.
Investing.com - The dollar was off its lows against its rivals Tuesday on upbeat U.S. labor market data and a weaker yen, amid waning safe-haven demand as Wall Street rallied.
Investing.com - The U.S. dollar was under pressure on Tuesday as sterling stayed near the session high.The U.S. dollar index, which tracks the greenback against a basket of other currencies, was down 0.09% to 94.68 as of 11:23 AM ET (15:23 GMT).The greenback remained under pressure despite upbeat jobs data showing the U.S. economy has continued to strengthen, increasing the chances of a Federal Reserve rate hike in December.U.S. job openings rose to 7.14 million in August, according to the Labor Department’s monthly JOLTs report. ...
Investing.com - The pound rose to the day’s highs on Tuesday after data showing that wage growth in the UK accelerated at the fastest pace in nearly 10 years in August, bolstering the outlook for the economy.
Investing.com - The dollar rebounded from one-month lows against the yen on Tuesday as a selloff in global equities markets eased, while the New Zealand dollar pushed higher after upbeat inflation data overnight.