• GBP/USD - The Sterling's recovery from nearly 2-week lows around 1.6210 against the US Dollar was contained by the 1.6250 level where the pair found selling interest. But how will this move the rest of the day?
• GBP/USD has faced further weakness after a Hanging Man formation
suggested a shift in sentiment for the pair. The daily close below the 1.6270
floor warns of an extended decline and retest of the 2014 lows near 1.6060.
• The EUR/USD took another dip, with the greenback surging across the board. Dollar surge began late European session, and much better than expected new home sales, Question is how will todays unemployment claims fair?
EUR/USD - Dollar lost ground across the board after inflation in the US resulted negative monthly basis down to -0.2% first time below 0.0% since October 2013. But how far could this movement go on for?