Forex technical analysis video looking at the moves in GBP/USD following lower-than-expected UK inflation data and the potential for US dollar falls if Bernanke fails to mention an exit from QE.
CMC Markets’ Michael Hewson discusses support & resistance levels, market trends and target prices for:
- EUR/USD – Recent dollar strength based on idea that Bernanke or FOMC will mention tapering QE
- GBP/USD – UK inflation data sees sterling weaken but MPC minutes may encourage a bounce
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Video content by Michael Hewson of CMC Markets.
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