Monthly Archives: July 2018

GBPUSD rebounds on 10-month low but remains bearish in medium-term

GBPUSD has eased a bit after its downfall from the 1.4375 resistance barrier, finding support at the 10-month low of 1.2960 on July 19. Since the previous week the price is trading slightly higher, however, it remains below the mid-level of the Bollinger Band (20-SMA) and the 40-day simple moving…

Bank of Japan tweaks policy with the yen slightly weaker

Although there is still very little direction to be found on forex markets, it is interesting to see bond markets reacting to the Bank of Japan monetary policy decision from earlier this morning. Speculation has risen in recent sessions that the BoJ could be about to make a key shift in policy,…

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