Wednesday, 23 January 2019

The Merits and Faults of Trading or Fading the Pound Breakout

GBPUSD was the only one of the ‘majors’ that has earned a critical technical break thus far this week. Yet, this move seems to defy the broader market’s aversion to meaningful breaks not to mention the anxiety over Brexit for the Pound itself.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...