Monthly Archives: August 2018

GBPUSD pares some losses after hitting 13-month low

GBPUSD eases slightly to the upside after the aggressive falling modeposted in the preceding five weeks. The cable recorded an almost 13-month low of 1.2722 and the rally brought the price below the 20- and 40-simple moving averages (SMAs) and near the lower Bollinger Band in the daily timeframe….

Forex majors find support as lira selling abates, for now

There has been a much needed pause for breath across financial markets this morning as the selling pressure on the Turkish lira has just seemed to abate, allowing traders to take stock of what the outlook is. This could mean some room for a near term technical rebound on market sentiment. The…