Fundamental view: The British pound was up in the week initially and later fell down. Britain CPI yearly report and Core CPI yearly report on 19th Aug, US Unemployment Claims on 20th Aug, favored uptrend whereas US NAHB Housing Market Index on 17th Aug and Britain GfK Consumer Confidence on 21st Aug favored downtrend. Dollar [...]
Fundamental view: The British pound pulled back a bit in the week initially and bounced back to form a bullish rally. US JOLTS Job Openings on 11th Aug and US Core PPI monthly report on 11th Aug created a bearish trend for the pair whereas Unemployment Rate on 11th Aug and Prelim GDP quarterly report [...]
Fundamental view: US Unemployment Claims on 6th Aug, US ADP Non-Farm Employment Change on 5th Aug, US Average Hourly Earnings monthly report on 7th created a bearish move for the pair whereas US Final Manufacturing PMI on 3rd Aug, Britain Construction PMI on 6th Aug, US Final Wholesale Inventories monthly report on 7th Aug favored [...]
Fundamental view: UK M4 Money Supply monthly report on 29th, US Goods Trade Balance on 29th US Core Durable Goods Orders monthly report created bearish move for the pair whereas UK CBI Realized Sales on 28th, US CB Consumer Confidence on 28th created favorable environment for GBP and favored a bullish trend for the pair. [...]
