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GBP/USD Review – September 4

The GBP/USD currency pair remained in decline on Thursday, which, in our view, is a banal technical correction. We believe there were no reasons (especially this week) for the US currency to rise. Moreover, there were none even last Friday.
by Jay
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EUR/USD Review – September 4

The EUR/USD currency pair managed to recover slightly on Thursday after a two-week decline, which itself was a correction against a month-long rise. Thus the underlying uptrend that began in late July effectively remains intact.
by Jay
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GBP/USD Review – September 3

The GBP/USD currency pair continued moving south on Wednesday. The worst part of this move is that, in the near term, the British pound could again fall toward the 1.3200 area for no obvious reason. This article is not about local macro releases that do not affect the overall trend.
by Jay
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EUR/USD Review – September 3

The EUR/USD currency pair continued its sluggish decline on Wednesday, with minimal volatility. It feels like the market is doing someone a favor right now. You can't completely stop opening new trades, but you also very much don't want to open new trades.
by Jay
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GBP/USD Review – September 2

The GBP/USD currency pair showed little movement on Tuesday, with only some volatility in the second half of the day due to the ISM index. We will discuss the ISM index in separate articles, but here we will focus on the prospects of the Bank of England's monetary policy.
by Jay