Why fear GBPUSD's 8th weekly fall

This week, GBPUSD will post its 7th straight weekly decline, which would be the longest losing streak since summer 2008, when Bank of England intensified its easing campaign. If GBPUSD also falls again next week, it will be the EIGHTH consecutive decline, something not seen since the 1976 sterling crisis.

NZDUSD has recovered well to regain 0.8400

​​Having made a new trend low at 0.8347, after poor consumer confidence data, the Kiwi has recovered well to regain 0.8400 and now looks as though it could make some further headway given the positive momentum in the shorter term charts. Above 0.8415 would see a run towards

AUDUSD comfortable between 100HMA and 200HMA

​​The Aud had a choppy session in falling sharply to 0.9236 on the release of the soft China data yesterday, before recovering later in the day, helped by yield seekers and a generally softer US dollar ahead of today’s Jackson Hole summit. The Aud is therefore back at 0.9300 and

Hawkish Yellen tone should see the Greenback rally again

Both Fed President Janet Yellen and ECB President Mario Draghi are due to address gathered officials in what investors have dubbed a key directional event. Wednesday’s Fed minutes inferred the U.S Central Bank has shifted toward a hawkish bias and Yellen’s speech is critical in affirming the change in stance.

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US dollar would seem to be the winner

The US dollar would seem to be the winner if it all turns out as expected, but the market is heavily short the Euro, in anticipation of further dollar gains, and the 4 hour charts are now turning to...

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Existing Home Sales rose to 5.15M during July

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Euro has headed down to a low of 1.3255

​​Technically, having taken out the support at 1.3300, the Euro has headed down to a low, so far of 1.3255. It still looks very heavy, although there are bids protecting 1.3250, which may hold through...