FX MARKET REPORT 15.03.2021

FX MARKET REPORT 15.03.2021

FX MARKET REPORT 15.03.2021

Daily Commentary
FX MARKET REPORT 15.03.2021
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FX MARKET REPORT 15.03.2021

GBP/USD struggled for a firm direction and remained confined in a range on Monday. Failures near 1.4000 favour bearish traders; the emergence of dip-buying warrants caution. Neutral oscillators further make it prudent to wait for a sustained move in either direction. The GBP/USD pair sunk to take another look at the 1.3850 uptrend after weak data on Friday. If the cable holds the uptrend, a retest of the last week high at 1.4018 seems likely – Commerzbank. EUR/USD remains on track to end the first day of the week lower. ECB ramped up weekly asset purchases to €19.303 billion. US Dollar Index continues to fluctuate in daily range below 92.00.

GBP/USD struggled for a firm direction and remained confined in a range on Monday. Failures near 1.4000 favour bearish traders; the emergence of dip-buying warrants caution. Neutral oscillators further make it prudent to wait for a sustained move in either direction. The GBP/USD pair sunk to take another look at the 1.3850 uptrend after weak…

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