GBP/USD rallied into the 50% Fibonacci resistance level yesterday, with the pair easing back since. From a wider perspective,
The price fall has been halted over recent hours at 107.86 which looks like firm support. However, if it does rise again from here, it is likely to take a few more hours to make that bullish turn. Due.
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The USD/CAD pair dropped around 75 pips and tumbled back closer to multi-month lows in a knee-jerk reaction to the BoC.
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Tuesday] The GLD ETF has indeed moved higher yesterday (less than 0.5%, though), and gold futures are moving lower in today’s.
If the Fed does not take action to flatten the yield curve, traders expect the dollar will continue its run into the upper end of the trading range.
The USD/CAD pair dropped to fresh three-month lows, around the 1.3470-65 region in the last hour, albeit quickly recovered.