This week, European and commodity currencies suffer. Euro sellers broke last year’s low of 1.0330 and stayed below 1.0300, the GBP/USD pair dropped below 1.2400, and USD/CAD buyers tested the 1.4400 level. EUR/USD EUR/USD buyers failed to capitalise on the potential bullish correction signalled by the “Inverted Hammer” pattern. After a false breakout above 1.0450, […]
The post EUR/USD Hits Last Year’s Lows, GBP/USD Drops Below 1.2400 appeared first on Action Forex.
Markets The partial absence of US investors due to a national day of mourning for ex-president Carter and the empty economic calendar kept markets squarely focused on the UK. Gilt yields gapped another 12 bps Read more…
In the absence of the US, the UK sat on the headlines yesterday, with its debt drama. Everyone threw in what he or she thought about what today’s situation reminded them. The discussions went from Read more…
In focus today The most important data release of the day will be the US December Jobs Report. We expect nonfarm payrolls growth to slow down to +170k (from +227k), see unemployment rate steady at Read more…