Saturday, 27 July 2019

British Pound Hits Two-Year Low as Speculative Position Also Hits Extreme

After two weeks of consolidation at multi-year lows, GBPUSD would ultimately earn a bearish break on its short-term wedge. It seems another easy shove to a well-worn trend, but beware the reversal risks.


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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...