GBPUSD Downtrend Set to Continue

GBPUSD talking points: – After touching a 2018 high of 1.4377 on April 17, GBPUSD has dropped back below the psychologically significant 1.40 level. – Now those losses look set to be extended, with the February and March lows the initial targets. Check out the IG Client Sentiment data to help you trade profitably. And […]

Euro Positioned to Continue Rally versus Greenback, Commodity Currencies

Fundamental Forecast for EUR/USD: Bullish – Continued rise in US political risk has increased Euro’s appeal versus US Dollar, particularly as timeline for US fiscal stimulus appears to have been pushed back significantly. – The retail crowd still isn’t buying into the EUR/USD rally – which means it may have more room to run yet. […]