Geopolitical angst and the Fed’s hawkish tone saw the GBP/USD slide back from early highs to below 1.3100 on Tuesday. The pound continues to fail in its attempts to break above its 21 DMA and continues to threaten a test of recent lows at 1.3050. The GBP/USD fell back below the 1.3100 level on Tuesday […]
Tag: macroeconomics
USD/JPY bounces back above 123.00
USD/JPY fell 30 pips on BoJ’s Kuroda yen comments. A bearish market mood lifts the dollar’s outlook and the yen is under pressure. Fed speech lifts US yields and the US dollar. USD/JPY Price Forecast: Bullish bias, but could be subject to a mean reversion move, with RSI overbought. The USD/JPY advances for the third […]