Posts Tagged ‘Struggles’
Downside Risks Remain for the GBPUSD as the Pair Struggles to Break Above the 200-day SMA
Author: Germina Lake
The British pound pared yesterday’s decline against the U.S. dollar, but now looks to find major resistance at the 200-day moving average. Failure to make a clear break above 1.5500 may lead to downside risks back towards 1.5370 over the next twenty four hours.
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Better Than Expected US Spending Report Struggles to Keep Crude Above Water
Author: Germina Lake
Better Than Expected US Spending Report Struggles to Keep Crude Above Water
There was more than enough reason to see US crude higher to start the week. Therefore, the benchmark energy contract would naturally fall on the day.
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