GBP/USD hovers above 1.56

Note: This section contains information in English only.
Source: Dukascopy Bank SA, Dukascopy Bank SA
© Dukascopy Bank SA
"The U.S. GDP was mixed but on the whole it underpins the case for a rate hike. The market will continue to search for more hints on whether it will come in September or later." 
- Barclays (based on CNBC) 

Pair's Outlook
The GBP/USD currency pair experienced some volatility yesterday, amid mixed US fundamental data. As a result, the Cable remained relatively unchanged, as the Sterling added only four pips against the Greenback. Furthermore, the weekly PP prevented the pair from edging lower by the end of the month and is likely to do so again today, in spite of mixed technical indicators. Trade is expected to close above the 1.56 level and possibly at 1.5638, namely the weekly R1, if the US fundamentals disappoint. 

Traders' Sentiment 
Bulls keep pushing forward, as there are now 49% of traders with a positive outlook towards the Sterling. The share of buy orders added ten percentage points. The orders now take up 54% of the market.
© Dukascopy Bank SA
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Actual Topics

Fri, 31 Jul 2015 08:26:10 GMT

USD/JPY attempts to preserve the bullish trend

The US Dollar reached a daily high of 124.60 against the Yen yesterday, but was instantly pushed back down, where it stabilised at 124.07.

Fri, 31 Jul 2015 08:00:05 GMT

EUR/USD takes a break at 1.0930

Bears failed to push though the weekly PP yesterday, but this does not change the bearish outlook on the Euro.

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