GBPUSD Rebounds Ahead of US NFP; Cable Eyes 50/100-Day Moving Averages
Cable rose 0.3% to 1.3450 as traders eye reclaiming the 50/100-day moving averages ahead of a busy data week, climaxing with US NFP on Friday.
Market context
Follow the story. See which markets it affects. Explore the context.
Cable rose 0.3% to 1.3450 as traders eye reclaiming the 50/100-day moving averages ahead of a busy data week, climaxing with US NFP on Friday.
Sterling and the euro edged up as investors digested a global bond-yield surge and weak eurozone services, with markets eyeing Bank of England testimony and upcoming U.S. payrolls for rate direction.
Sterling and the yen weakened amid global debt concerns and Japanese political uncertainty, pushing UK gilt yields higher. The euro edged up slightly while the dollar awaited U.S. jobs data, keeping …
EURUSD rose, gaining 2.4% in August, as traders prepare for Eurozone CPI, US PMIs, ADP and Friday NFP. This week’s data could drive sharp volatility and decide whether EURUSD breaks $1.1750 or retest…
EURUSD bounced off 1.16 support as buyers re-emerged. Traders await US labour data, PCE and eurozone inflation; US strength or softer euro data will drive the next move.