With mixed US data lowering expectations of imminent Fed tapering, Michael Hewson provides his expert view of the latest technical analysis in the forex markets:
- US bonds – 10 year yields breaking back below 2.5% may weigh on the US dollar
- EUR/USD – remains resilient despite poor European data
- EUR/GBP – looking to create a new range of £0.8630 – £0.8530
- GBP/USD – pound is now outperforming, broken above 50 and 100DMAs to target $1.5390
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Video content by Michael Hewson of CMC Markets.
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