A stronger US Dollar and a more dovish Bank of England have sent the price tumbling to near the big round number at $1.2000
that there was some downwards pressure, but I didn’t think we would see any dramatic price movement in the Forex market until the next day’s FOMC release, so all key support and resistance levels in this currency pair were likely to hold that day.The technical picture has become more bearishThe British Pound has been negatively affected by the Bank of England’s indication last week that it expects to hike rates by only another 0.
, leading to an increasing expectation that the Fed will have to hike more later this year to cool the economy sufficiently to keep bringing inflation down.we may have seen the price start to bottom out over the past few hours, after it came within sight of the huge round number at $1.2000It is hard to see what will change the sentiment in favour of the US Dollar which seems to be dominant in the Forex market right now until late tomorrow when Fed Chair Powell speaks.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Best of 2000 AD Vol. 2 Review: A Second Helping of Pure Thrill-PowerRebellion continues to lure in new readers with some of 2000 AD's defining stories in The Best of [...]
Consulte Mais informação »
What’s The Worst Facelift Since 2000? | CarscoopsSometimes mid-life tweaks actually improve a car’s looks, but occasionally they’re a major step backwards
Consulte Mais informação »
Arrest made after deadly East San Jose shootingThe incident occurred at the 2000 block of Pepper Way
Consulte Mais informação »
1 man shot, killed in San Jose; city's 3rd homicide this year, police sayPolice say the victim was shot along the 2000 block of Pepper Way.
Consulte Mais informação »
Texas Senate leaders signal intent to spend big on border securityThe state has spent $4 billion on border initiatives in the past two years, including $40 million to bus migrants out of Texas into Democrat-led cities. Texas TexasLegislature Border Immigration GregAbbott
Consulte Mais informação »