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GBP/USD is trading at the 1.31 handle, maintaining a safe distance from the lows of 1.3026 it reached last week. Support can be found at 1.3110 and resistance at 1.3230. To put things into proportion, cable was briefly above 1.36 quite recently. What is behind this bounce? The main driver is the upwards revision of [...]
The post GBP/USD bounces on higher hike expectations, for now appeared first on Forex Crunch.
From a speck on the political calendar, the crisis in Catalonia has taken center-stage on the global scene. Spanish stocks suffered heightened volatility, bond yields rose and also the euro has reacted. We are now approaching a highly anticipated speech from Carles Puigdemont, Catalonia’s president. The big question is: will he declare independence unilaterally (DUI [...]
The post Catalan crisis: the good, bad and ugly scenarios for Puigdemont’s speech appeared first on Forex Crunch.
EUR/USD has hardly been reacting to political events but this does not mean that things cannot change as we’ve seen with the crisis in Catalonia. Here is the view from Nordea. Here is their view, courtesy of eFXnews: Nordea FX Strategy Research notes that EUR/USD recent price action reflects how things don’t matter until they suddenly [...]
The post EUR/USD: ‘Things Dont Matter Until They Do’; Rallies A Sell N-Term – Nordea appeared first on Forex Crunch.