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Cable hammered below the 1.50 barrier

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 3, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD losing ground slightly on poor US ISM On Wednesday, the balance on the currency market tilted in the disadvantage of the euro and in favour of the dollar. The EMU CPI was lower than expected, fuelling speculation of aggressive ECB easing today. On the dollar side of the story, the ADP labour market report was very strong. Later in the session, Fed’s Yellen confirmed the intention for a December lift-off. The trade-weighted dollar touched a minor cycle top (100.51 area). EUR/USD also,

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