Update – nope – its not a fresh RRR cut but just confirmation the cut from last week becomes effective eamonn sheridan forex trading. USD struggles to stay above 1. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.
Get the latest breaking foreign exchange trade news and current updates from active traders daily. HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. Cable is at the best levels of the week, up 60 pips on the day to 1.
After hitting a six-month low on Tuesday, it’s climbed for three straight days and is now slightly higher on the week. That’s not much, but it’s something for the bulls and the first sign of anything positive since Carney backed off rate hikes on April 16. The pair is still down 10 cents since that interview with BBC. New York Fed GDP Nowcast raised to 3. GDP tracker rose this week The US Q2 GDP estimate from the New York Fed rose after this week’s data. Positive surprises from personal consumption expenditures, wholesale inventories, and construction data accounted for the increase,” the report says.