FX MARKET REPORT 16.07.2020

FX MARKET REPORT 16.07.2020

FX MARKET REPORT 16.07.2020

Daily Commentary
FX MARKET REPORT 16.07.2020
/
FX MARKET REPORT 16.07.2020

GBP/USD has been on the back foot as weaker parts of economic indicators  take priority. US Retail Sales, BoE speculation and coronavirus figures  are of interest. Support awaits at 1.2535, which is where the 200 SMA  hits the price. EUR/USD is managing well to keep business around the 1.14 neighbourhood  despite posting small losses so far in the second half of the week. The dollar index is trading at the 96 level however it is expected to  weaken about 2% to 94.1 by the second quarter of next year according to  Bloomberg. Goldman Sachs expected a weak dollar too in a report this  week.

GBP/USD has been on the back foot as weaker parts of economic indicators  take priority. US Retail Sales, BoE speculation and coronavirus figures  are of interest. Support awaits at 1.2535, which is where the 200 SMA  hits the price. EUR/USD is managing well to keep business around the 1.14 neighbourhood  despite posting small losses so…

Leave a Reply

Your email address will not be published.