Forex Analysis
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GBP/USD Review – October 15

The GBP/USD currency pair tried to extend its rise on the third trading day of the week but ultimately collapsed. The pound traded within a local sideways channel for 2.5 weeks, but after the US inflation report, traders resumed selling, triggering a new drop.
by Jay
Forex Analysis
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EUR/USD Review – October 15

The EUR/USD currency pair eased slightly on Wednesday, then resumed its decline. Market moves have been fairly weak over the past week, but on Wednesday the price happily collapsed following the US inflation report. In any case, the EUR/USD rate continues to fall...
by Jay
Forex Analysis
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EUR/USD Review – October 14

The EUR/USD currency pair traded calmly on Tuesday, still within the same descending channel. Over the past month, trading days in the FX market have blurred into one. It is now very difficult to separate individual events, sessions, news and releases.
by Jay
Forex Analysis
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GBP/USD Review – October 13

The GBP/USD currency pair traded quietly on the first day of the week, as expected. While the euro fell sharply again, the British pound remained stable. The pound has been in a sideways channel for the third week on the hourly (and 4-hour) timeframes, and it is also flat on the daily and weekly charts.
by Jay