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GBP/USD Unchanged As Consumer Sentiment Survey Offsets Business Slip

Talking Points The GBP/USD was little changed after better than expected consumer confidence GfK consumer confidence -7 vs -8 expected and -12 recorded previously Lloyds business sentiment report dropped to 16 in August from previous 29 read Keep an eye on short-term trends for the using the Grid Sight Index (GSI) here. The British Pound […]

China’s Market News: USD/CNH Surges to Key Resistance Ahead of G20

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. – USD/CNH touched above the psychological level of 6.7000 on Monday; the first time in five weeks. […]

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Weekly Trading Forecast: What Currencies Face Volatility Amid Low Volatility Global Markets

Extremely thin trading for the capital markets is sidelining FX trends as well. Volatility in the majors continues to outpace its financial peers, but can Janet Yellen’s remarks at the Jackson Hole Symposium leverage monetary policy speculation and turn activity to conviction and trend? US Dollar Forecast – Dollar Looks to Yellen to Turn Volatility […]

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Euro Traders Look to US Dollar for Next Major Moves

Fundamental Forecast for Euro: Neutral The Euro surged to multi-month highs versus the US Dollar despite a fairly uneventful week for both Europe and the US. And indeed the release of official minutes from both from both the European Central Bank and US Federal Reserve’s recent meetings did little to alter market outlook. A fairly […]