Forex news and economic trading data 7 September 2015
Asia catch up –
ForexLive Asia FX news wrap: China back from holiday, US out today
All hail the mighty quid! Like Rocky Balboa after going umpteen rounds of getting a good kick-in, up she popped first thing Monday to zoom over 100 pips from the lows. It looked like the same-old same-old as we moved from the Asia highs to the 1.5172 low but then the magic began There was no catalyst, no data, Betty did what Betty does best, turn on a dime when you least expect it. 9 straight daily losses heightened the risk of a reversal and so far it’s not disappointed. There’s still a long way to go before recent shorts relinquish their positions so the cat is still in the air. is keeping us from further gains right now. There’s nothing coming from the US to get in her way so maybe the run will continue. GBPJPY managed to nearly double the cable high low pip amount but is looking like that might happen soon as we sit near the highs at 182.25
ForexLive European FX news wrap: The Empire strikes back (well, the pound does anyway)
