More positive rhetoric from EU’s Barnier supports sterling

There is a sense of a more positive appetite for risk that has taken hold across the forex markets today. This has crept in as reports that the White House is preparing another meeting between President Trump and Kim Jong Un of North Korea. There is also more positive rhetoric coming out from…

GBPCAD Approaches Confluence of Resistance at 1.7300

If you’ve followed me for the last few months, you most likely remember what happened to the GBPCAD at the end of July. Following the July 26th close below 1.7180, the pair lost nearly 600 pips in just 14 trading days. That 1.7180 level was the neckline of a 1,500 pip head and shoulders pattern. The…

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