GBP/USD Boosted by PMI Beat, Can It Hold?

GBP/USD Analysis and Chart UK data helping to underpin Sterling. US dollar nudging lower but bond yields remain near multi-year highs. Download the Brand New British Pound Q4 Guide Below Recommended by Nick Cawley Get Your Free GBP Forecast The final UK S&P services and composite readings for September beat original forecasts and came roughly

Euro Price Setups after PMI, FX Intervention? EUR/USD, EUR/GBP, EUR/JPY

Euro Price Setups: EUR/USD, EUR/GBP, EUR/JPY EU PMI data shows modest improvement but demand hampers growth EUR/USD: Treasury yields outpace Bund yields, ECB more likely to have peaked EUR/GBP: Mean reversion in focus as bullish potential fades EUR/JPY: FX intervention speculation stokes yen volatility The new quarter brings new possibilities for the euro. Find out

The key barrier is seen at 1.3600 ahead of the Canadian, US PMI data

Share: USD/CAD retraces to 1.3570, and holds above the 50- and 100-hour EMAs on the four-hour chart.  The key resistance level is seen at 1.3600; the initial support level is located at 1.3515. Relative Strength Index (RSI) is located in the bullish territory above 50.  The USD/CAD pair loses some ground after being

China’s PMI Mixed, BOJ Minutes Well-Received by Nikkei

The softening in US August core PCE inflation (3.9% YoY vs previous 4.3%, 0.1% MoM vs previous 0.2%) failed to drive a sustained rebound in Wall Street last Friday, as Treasury yields stayed firm despite some paring in rate hike bets. While further progress on the core inflation front may offer room for the Federal

China Caixin Services PMI fell from previous 51.8 to 50.2 in September

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GBP/USD loses the 1.22 handle to close out Friday trading

Share: The GBP/USD initially rose on Friday, but got knocked lower as the market broadly swept back into the US Dollar. The US Dollar index caught a late bid to push back into the middle to close out the trading week. Recession risk is still quite high in the UK, capping Pound Sterling