Forex Analysis
0Comments

GBP/USD Review – September 29

The GBP/USD pair also traded fairly calmly on Monday, as we expected given an absolutely empty economic calendar. In the EUR/USD article, we already noted that a range persists in the long term. For GBP/USD, that range is even more obvious if you open the weekly timeframe.
by Jay
Forex Analysis
0Comments

EUR/USD Review – September 29

The EUR/USD pair traded very calmly on Monday, as expected. Yet the market did not attempt to begin a bullish correction. The US dollar has risen for three consecutive weeks, which is a kind of record. During this time, we have not seen a single correction or even a pullback.
by Jay
Forex Analysis
0Comments

GBP/USD Review – September 28

The GBP/USD pair also corrected slightly on Friday, but overall the outlook for the pound remains murky. Even if the Bank of England raises the key rate today, we doubt the market would start buying sterling. Unfortunately, the market currently sees only the dollar and only those factors that support it.
by Jay
Forex Analysis
0Comments

EUR/USD Review – September 28

The EUR/USD pair made only a minimal correction on Friday—so slight it's hard to spot on the charts. The market continues buying the US currency on any pretext, while in moments free from nods to the Federal Reserve it puzzles over what exactly is driving such a sharp and strong dollar rally.
by Jay
Forex Analysis
0Comments

GBP/USD Review – September 25

The GBP/USD pair traded lower on Thursday — no surprise. At this point it's not even about a pullback, let alone a correction or an uptrend. The pound is falling every day. As for why it falls — everyone invents their own reasons and justifications.
by Jay