FX MARKET REPORT 08.12.2020

A modest pickup in the USD demand prompted some fresh selling around GBP/USD on Tuesday. Concerns about the ever-increasing COVID-19…

FX MARKET REPORT 07.12.2020

GBP/USD witnessed some follow-through selling for the second consecutive session on Monday. Not so optimistic Brexit-related headlines took its toll…

FX MARKET REPORT 04.12.2020

GBP/USD bulls turn cautious amid the incoming Brexit-related headlines. Hopes for a last-minute Brexit deal, weaker USD helped limit the…

FX MARKET REPORT 03.12.2020

The continuation of the upside momentum in Cable is predicted to meet a tough barrier in the 1.3500/15 area, noted…

FX MARKET REPORT 02.12.2020

GBP/USD was trading above 1.3400 going into European trading, having hit three-month highs at 1.3440 amid broad-based US dollar weakness.…

FX MARKET REPORT 01.12.2020

GBP/USD eases from the intraday high of 1.3366 while trading near 1.3360 during the pre-London open session on Tuesday. The…

FX MARKET REPORT 30.11.2020

The pound is feeling the pull of the gravity on the downbeat Brexit comments, with GBP/USD trading flat at 1.3316,…

FX MARKET REPORT 27.11.2020

GBP/USD’s path of least resistance appears to the upside. The spot charted a bull pennant on the 15-minutes chart. Bullish…

FX MARKET REPORT 26.11.2020

GBP/USD rallied as high as the mid-1.3390s on Wednesday, but has since eased off back to close to 1.3380. The…

FX MARKET REPORT 25.11.2020

GBP/USD remains choppy inside a narrow trading range, currently around 1.3377, while heading into Wednesday’s London open. The pair traders…

FX MARKET REPORT 24.11.2020

GBP/USD prints mild gains above 1.3300, currently up 0.10% around 1.3300, while heading into Tuesday’s London open. GBP/USD is approaching…

FX MARKET REPORT 23.11.2020

GBP/USD rose 0.4% to 1.3329, helped by the AstraZeneca vaccine news. Addiitionally, U.K. Chancellor of the Exchequer Rishi Sunak said…

FX MARKET REPORT 19.11.2020

GBP/USD fell sharply from above 1.3300 and was last seen trading around 1.3230, down -0.3% on the day. Initial support…

FX MARKET REPORT 18.11.2020

GBP/USD remained well supported by the latest Brexit optimism. Slightly better UK consumer inflation figures remained supportive. GBP/USD keeps gains…

FX MARKET REPORT 17.11.2020

GBP/USD prints three-day winning streak despite easing off-late, trading at 1.3220. The pound could fall as much as 5% against…

FX MARKET REPORT 16.11.2020

GBP/USD at four-day tops, extending its bullish momentum above 1.3200, as US dollar loses further ground. Risk-on mood overshadows discouraging…

FX MARKET REPORT 13.11.2020

Cable is likely to trade between 1.3000 and 1.3250 in the next weeks, noted FX Strategists at UOB Group. GBP/USD…

FX MARKET REPORT 12.11.2020

GBP/USD witnessed some follow-through selling for the second consecutive session on Thursday. Mostly disappointing UK macro data failed to provide…

FX MARKET REPORT 11.11.2020

GBP/USD recedes the upside momentum while declining from the multiday high of 1.3280 to 1.3263, up 0.12% intraday. The pair…

FX MARKET REPORT 10.11.2020

GBP/USD recedes to 1.3160 during the initial hour of Tuesday’s Asian session. The pair refreshed the two-month peak on Monday…

FX MARKET REPORT 09.11.2020

GBP/USD faced rejection near the 1.3200 mark and witnessed a modest pullback on Monday. Comments by Ireland’s Coveney revived no-deal…

FX MARKET REPORT 06.11.2020

The renewed Brexit concerns failed to exert negative impact on the pound, as the BOE’s QE expansion and the Finance…

FX MARKET REPORT 05.11.2020

The GBP/USD pair rallied around 60-65 pips post-BoE announcement and shot to fresh session tops, around the key 1.3000 psychological…

FX MARKET REPORT 04.11.2020

GBP/USD drops to the session low at 1.2920, down 0.4% intraday, while heading into Wednesday’s London open. The Cable earlier…

FX MARKET REPORT 03.11.2020

GBP/USD eyes a firm break above 1.2933 for bulls to take over. Potential falling wedge formation spotted on the hourly…

FX MARKET REPORT 02.11.2020

The GBP/USD pair added to its intraday losses and dived to near one-month lows, around the 1.2855 region during the…

FX MARKET REPORT 30.10.2020

GBP/USD has eroded the uptrend at 1.2928 and was last seen trading at 1.2915, down -0.1% on the day. Commerzbank,…

FX MARKET REPORT 29.10.2020

GBP/USD is holding up better than other currency pairs as the cable looks to regain ground above the 1.3000 level.…

FX MARKET REPORT 28.10.2020

GBP/USD looks to extend its downside consolidation phase below 1.3050 into the European open, as the US dollar clings onto…

FX MARKET REPORT 27.10.2020

GBP/USD is possibly on the verge of a continuation bullish impulse and the bulls are encouraged by the amount of…

FX MARKET REPORT 26.10.2020

GBP/USD pressured towards 1.3000 amid Brexit and virus woes. Dual Brexit and US fiscal stimulus talks continued to dominate cable’s…

FX MARKET REPORT 22.10.2020

GBP/USD consolidates the previous day’s heavy gains while declining to 1.3127, down 0.18% intraday, during the pre-London open trading on…

FX MARKET REPORT 21.10.2020

GBP/USD tested 1.3020 but awaits a fresh catalyst for a sustained move higher. However, the persistent downbeat mood around the…

FX MARKET REPORT 20.10.2020

GBP/USD is in a downside consolidation phase in early Europe this Tuesday, hovering around 1.2950 awaiting a fresh update on…

FX MARKET REPORT 19.10.2020

GBP/USD is building on Friday’s sharp recovery from below 1.2900 so far this Monday, as the bulls remain hopeful of…

FX MARKET REPORT 16.10.2020

50-DMA is the level to beat for the GBP/USD bulls. The cable teasing a symmetrical triangle breakdown on the daily…

FX MARKET REPORT 15.10.2020

GBP/USD is battling 1.3000, as the bulls take a breather ahead of the two-day European Union (EU) Summit, starting today.…

FX MARKET REPORT 14.10.2020

GBP/USD has failed at its corrective target at 1.3070 and is extending Tuesday’s sell-off. The cable trades just above the…

FX MARKET REPORT 13.10.2020

GBP/USD recorded fresh 5-week highs around 1.3080 at the beginning of the week on the back of renewed optimism surrounding…

FX MARKET REPORT 12.10.2020

GBP/USD fails to extend Friday’s upside momentum despite staying above 1.3020. UK PM Johnson up for Australia-style trade deal if…

FX MARKET REPORT 09.10.2020

UK GDP arrived at +2.1% MoM in August vs. +4.6% expected. GBP/USD holds on to modest gains near 1.2950 post-data.…

FX MARKET REPORT 08.10.2020

GBP/USD keeps previous day’s recovery moves from 1.2844. Pubs and restaurants in Northern England go off from next Monday with…

FX MARKET REPORT 07.10.2020

The GBP/USD pair has failed on its initial test of the mid-September high at 1.3008. The market charted an outside…

FX MARKET REPORT 06.10.2020

GBP/USD trades modestly flat around 1.2985, stuck in a range around 1.2980-1.3000. EUR/USD now looks to 1.1830. Dollar Index was…

FX MARKET REPORT 05.10.2020

The GBP/USD pair lifted above 1.2900 on headlines that the UK and EU will persist with Brexit negotiations, given the…

FX MARKET REPORT 02.10.2020

The GBP/USD pair rallied over 100 pips from daily swing lows and jumped to the 1.2940 region during the early…

FX MARKET REPORT 01.10.2020

GBP/USD juggles with the recovery moves from 1.2913 between 1.2930 and 1.2940 while heading into the London open. The pair…