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GBP/USD drops to 1.7020

GBPUSD chart

The weakness around the sterling is gathering traction on Wednesday, dragging the GBP/USD to fresh low near 1.7020. Spot is retreating for the third consecutive week so far, retracing the upside to multi-year tops in levels just shy of 1.7200 the figure. Today’s BoE minutes disappointed GBP bulls, pouring cold...

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EUR/USD: Sagging Euro Drops to 8 month Low

EUR/USD is under pressure on Wednesday, as the pair trades in the mid-1.34 range in the European session. The euro has slipped to its lowest level since November, and has slipped over 200 points in July.

EURGBP: 2012 low in sight?

The pound fell back this morning after the Bank of England’s last policy meeting minutes revealed the MPC was a lot less hawkish than some had anticipated. For example, there were warnings that the...

BoE's Carney: As UK economy normalizes, rates will have to start to rise

In his speech at the Commonwealth Games Business Conference in Glasgow, BoE head Mark Carney said that the UK economy was normalizing but that the central bank didn't have any "preset course" toward...

This can only end badly; The question is, when?

The "reach for yield" continues on a global basis. With volatility low and complacency high, investors continue to plow cash into emerging markets, high-yield (junk) bonds and leveraged loans.

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Analysis

Trader’s eye on majors, short term

Valeria BednarikValeria Bednarik – EUR and GBP keep the daily lows with US opening, stocks at highs limit safe havens rallies.


EUR/USD: under pressure despite no follow through by FXStreet

GBPJPY expect a reversal soon by EWM Interactive

Gold Flat As Markets Eye US Housing, Employment Data by MarketPulse

Kenny Polcari

Sittin' on the Dock

And that ladies and gents is what is going on right now - As we sit in the morning sun - we take it all in...

Kenny Fisher

AUD/USD: Trading the Chinese Flash Manufacturing PMI

The Australian dollar has had an uneventful summer so far, as AUD/USD trades at high levels. The RBA continues...

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Economic Calendar

Official Interest Rates

US: 0.25% EMU: 0.15% UK: 0.5% JP: 0.1% CH: 0% CA: 1% AU: 2.5% NZ: 3.25%

Spreads

Broker EUR/USD GBP/USD USD/JPY

1.6

1.7

1.4

1.9

2.6

2

0.8

1.4

0.8

0.8

0.8

0.8

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Current Trading Positions

EURUSD Order Entry SL TP
GAINSY SELL LMT <1.3488 - 1.3458
GBPUSD Order Entry SL TP
DeltaStock.com SELL MKT @1.7065 1.7100 1.6930
AUDUSD Order Entry SL TP
RoboForex LONG LMT @0.9399 0.9400 0.9460
GBPJPY Order Entry SL TP
Swissquote Bank SA BUY STP @174.67 174.14 179.80

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Most Traded Pairs


Pair Price Hour Day Week Month
USDJPY 101.41 -0.02 -0.06 -0.26 -0.51
GBPUSD 1.7045 0.09 -0.11 -0.54 0.10
USDCHF 0.9020 -0.03 -0.03 0.40 0.87
EURUSD 1.3469 0.03 0.01 -0.41 -0.99
AUDUSD 0.9446 0.02 0.57 0.82 0.24

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Latest from the FX Social Network

  • photo
    Marius Ghisea commented a blog post 14 minutes ago
    MY FX Open Position
    I closed sell EUR/USD order 8 at 1.3470 from 1.3540....+70 pips read more
  • photo
    martin commented a blog post 46 minutes ago
    US Dollar Breakout???
    No thank you Daologic...your compliments are much appreciated. read more