| Pound Remains Supported As U.K. GDP Revised Higher, But Downside Risks Remain (Daily FX) The pound built upon its recent gains on the back of an improved second quarter GDP reading reaching as high as 1.6340. The second reading of growth was revised higher to -0.7 from -0.8% as private consumption and government spending were stronger than initially estimated. us.rd.yahoo.com |
Australian Dollar to Track Risk as Markets Digest G20 Outcome (Daily FX) The Australian Dollar is likely to look past the local economic calendar to trade with the shifting trends in risk sentiment as traders digest the outcome of the G20 summit in Pittsburgh and a slew of high-profile releases from the US. us.rd.yahoo.com |
Dollar slides after G-20 stimulus pledge (AP) The dollar slid Monday after the world's leading economies agreed to keep stimulus measures intact for the time being. The euro briefly pushed back up over $1.50 after finance ministers from the Group of 20 rich and developing countries steered clear from addressing the weakness of the U.S. currency against most of its competitors at a meeting over the weekend. us.rd.yahoo.com |
A Range Bound USD/CAD Presents Scalping Environment (Daily FX) Strong Canadian fundamentals and renewed dollar support has kept the USD/CAD within its current 300 pip range despite broader volatility. Establish trend lines and in play moving averages have given scalpers levels to target for entering and exiting positions making the pair an attractive for short –term traders. us.rd.yahoo.com |
USD/JPY Reverses, GBP/USD Testing 20-Day SMA for Support (Daily FX) The Japanese Yen continued to benefit from the rise in risk aversion and remains the best performing currency against the greenback on Thursday, while the British Pound tumbled lower during the overnight session to reach a fresh weekly low of 1.6126. us.rd.yahoo.com |