|Day's range||1.255 - 1.258|
|52-week range||1.2554 - 1.4377|
Investing.com - The dollar rose against its rivals Tuesday, helped by a plunge in the pound to 21-month lows after UK Prime Minister Theresa May called off a vote on a Brexit deal expected Tuesday, raising further uncertainty about the country's exit from the European Union.
May pulls the plug on tomorrow’s vote and the Pound goes through the sink hole, sliding to 18-month lows. This could get messy..
The British pound broke through major support during the session on Monday as it was revealed that the Brexit boat may be put back. If it is, then shows just how much of an uphill battle there is to get a deal through Parliament.
Investing.com - The pound sank on Monday following reports that British Prime Minister Theresa May would cancel Tuesday’s planned vote on whether to approve her Brexit withdrawal deal in order to avoid a defeat that could potentially bring down her government.
In the US, futures were indicated to open flat to slightly lower on Monday morning. In the EU mounting growth fears related to the US/China trade standoff have the indices moving lower at midday. Asia markets led the globe lower on Monday morning.
Investing.com - The U.S. dollar was flat against a currency basket on Monday after drifting lower overnight amid worries about trade war tensions and the health of the global economy, while the pound was on the back foot ahead of this week’s Brexit vote.
Investing.com - The U.S. dollar, which is widely considered a safe-haven asset, fell on Monday in Asia even after tension with China escalated amid continuing concerns surrounding Chinese technology giant Huawei Technology.
The pair initially found resistance at the 1.14 level in the Friday’s session but after the weak US job numbers were posted later in that day, the pair started showing signs of strength and broke above the 1.14 level. By doing so, the market is now likely to reach towards the 1.15 level and move eventually higher. With the latest job figures, the Fed is likely to be more dovish which will support this pair going higher. …Read MoreGBP/USD
The pair is range bound ahead of tomorrow’s brexit vote as tension remains high amid broad based USD weakness.
A shift in sentiment towards FED monetary policy and trade war jitters pin back the Greenback as the markets prepare for the next Brexit saga.
Investing.com - This week investors will look to data on consumer prices and retail sales for the latest update on the health of the U.S. economy.
The British pound continues to hover above the vital 1.27 level, as the British Parliament continues to discuss the potential deal that Teresa May has struck with the European Union. If there is “no deal”, that will be extraordinarily negative. Otherwise, if there is some type of agreement, we could see buyers.
The British pound continues to be very soft overall, selling off every time they tried to rally it. The 1.27 level underneath continues to be major in its importance, and if it gives way we could see a significant move.
Investing.com - The U.S. dollar was lower on Friday as the latest jobs report lowered the chances that the Federal Reserve will raise rates in 2019.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.08% to 96.68 as of 10:14 AM ET (15:14 GMT).Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates. ...
The pair failed to rally higher during the Thursday’s session as the 1.1350 level is attracting a lot of attention and also providing support to the market. The market today will remain choppy because of the job figures ahead and if the numbers come out positive, then it could break the market lower towards the 1.13 level and much lower. …Read MoreGBP/USD
Sterling caught within familiar levels this week as Brexit draft approval moves towards Tuesday’s parliamentary vote.
Can U.S NFP and wage growth numbers come to the market’s rescue? Some will be hoping for soft numbers to dial back expectations of a December hike.
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Investing.com - The U.S. dollar was lower on Thursday as the arrest of a Huawei executive spooked investors and disappointing jobs data dampened sentiment.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, fell 0.46% to 96.56 as of 10:35 AM ET (15:35 GMT).Meng Wanzhou, the chief financial officer at the Chinese smartphone company Huawei was arrested in Canada on an an extradition request by the U.S, which had been investigating whether or not she violated sanctions against Iran. ...
Investing.com - The safe haven yen was higher against the U.S. dollar on Thursday as the arrest of a leading Chinese executive in Canada threatened to escalate tensions between the U.S. and China, prompting investors to move out of riskier assets.
The pair hovered around the 1.1350 level mostly during the Wednesday’s session as the 1.14 level above continues to be massively resistive. The market is struck between the 1.13 and 1.15 range for quite some time now and rallies are proving to be a selling opportunity in the market. The market will continue to trade between this range until it breaks above the resistive 1.15 level with bullish momentum. …Read MoreGBP/USD
Investing.com - The U.S. dollar was little changed on Thursday while the Chinese yuan fell after the arrest of the CFO of tech giant Huawei Technologies.