In this forex trading video, Michael Hewson discusses the key dollar pairs ahead of the Bank of England minutes and Bernanke’s testimony to Congress.
- GBP/USD – UK inflation caused a small sell off, any break out of $1.50-1.5220 may determine future direction
- EUR/USD – The $1.30 level remains a “key line in the sand”, a break below could target $1.2750
- AUD/USD – Pair may rebound as latest RBA minutes suggest that we will not see an August rate cut
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Video content by Michael Hewson of CMC Markets.
Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.