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GBP/USD: is it time to go short?

GBPUSD Trading Setup Today I am looking at the GBPUSD pair. It seems like the daily chart looks ready to take a break. Price action is showing us first two bullish rejection candles- one of them is a pinbar. The candle from yesterday is a bearish engulfing candle. Additionally, the price is residing just below […]

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Non-Farm Payrolls 156K for August 2017; wages +0.1% m/m — USD slides

Lower than expected data in the US: only 156K jobs were gained and wages went up by 0.1%, lower than expected on both fronts.The participation rate was unchanged at 62.9%. Wages y/y are still at an annual pace of 2.5%. Overall, not a great report on both wages and headline job growth.   The US […]

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The EU is treating the UK like Greece – 5 worrying similarities

Five months after the UK officially triggered Article 50 to leave the EU, the Brexit negotiations are currently in their third round and not going anywhere fast. The negotiations have worrying similarities to those with Greece. It did not end quite well over there.  Here are five similarities. It could get much worse from here: […]

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GBP: Negative Brexit Sentiment Weights But Not Much Further Scope For Selling

Brexit talks are into their third round. While the UK offered some concessions, the EU does not see enough progress. What does this mean for the pound? The team at BTMU analyzes: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that while the negative Brexit sentiment could put a downside pressure on GBP over […]

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ADP NFP beats expectations with 237K – USD extends recovery

A much better than expected jobs report from ADP: no less than 237K jobs were gained in August, up from an upwards-revised 201K. All in all, this can be seen as a beat worth 54K for August and +23K for July = 77K. America is hiring. It’s all good and the US dollar reacts positively […]

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