Cable’s recovery from its multi-month lows printed in December continues with the pair pushing ever higher and back to levels last seen over two months ago. Get your market update from nickcawley1 here:
showed prices paid dropping sharply in December. On Friday the latest, monthly look at the US jobs market with Non-Farm Payrolls expected to nearly double the lowly November figure.Cable’s recent rally has seen it break a longer-term series of lower highs, and unless the pair fall back below 1.3162, the series of lower lows as well. The pair are now running into a cluster of old lows between 1.3570 and 1.3610 which may temper any move higher in the short term.
The number of traders net-long is 2.84% lower than yesterday and 14.58% lower from last week, while the number of traders net-short is 11.12% higher than yesterday and 15.30% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests GBP/USD prices may continue to fall.
Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
GBP/USD tumbles to five-day lows under 1.3450 as US dollar soarsThe GBP/USD pair failed to hold above 1.3500 and tumbled, reaching 1.3428, the lowest level since last Wednesday. Cable remains near the daily low, un
Consulte Mais informação »
GBP/USD struggles above 1.3500 amid Brexit mum, Omicron optimism, US data eyedGBP/USD struggles above 1.3500 amid Brexit mum, Omicron optimism, US data eyed By anilpanchal7 GBPUSD Brexit Coronavirus RiskAppetite Currencies
Consulte Mais informação »
US manufacturing activity slows to 11-month low in DecemberGrowth in U.S. manufacturing slowed in December to an 11-month low with companies still combating supply chain problems.
Consulte Mais informação »
Several teen girls rescued, 30 arrested in multi-month U.S. Marshals operationOperation Boo Dat 2021 took place in the New Orleans area from mid-October to Dec. 24.
Consulte Mais informação »
Bitcoin dips below $47K as US dollar surge dampens BTC price performanceBitcoin limps into the Wall Street open as BTC price action suffers from a resurgent U.S. dollar.
Consulte Mais informação »