Posts Tagged ‘Derail’
GBP/USD Channel Points to Reversal, Will BoE Minutes Derail?
Author: Germina Lake
A broader flight to safety and dovish comments from BoE Governor Mervyn King sent the GBP/USD reeling. The central bank leader told lawmakers in London, “As we see things at present, there are significant risks to inflation undershooting the target.”
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A Diming Growth Outlook Could Derail Euro
Author: Germina Lake
A Diming Growth Outlook Could Derail Euro
The EURUSD is trading higher after finding trend line support but is facing potential resistance at the 20-Day SMA at 1.3014. A break above the technical level would inspire a long position, especially if we see anti-dollar sentiment continue. However, a move below the rising trend line near 1.2770 makes the case to sell the pair with a target of 1.2500. A jump in the German Zews current …
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