Focus remains on the Cable as UK employmenta data are on the docket

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Mixed performances across the major instruments was the theme of the day yesterday with instability and change in direction being the takeaway for the day. We talked about how the Euro and the Pound were in focus in light of the ZEW Survey and the release of the inflation data from the UK and both reports took their toll on the major European currencies. The Euro benefited from the better than expected ZEW reading and that combined with the lack of any US-related news allowed the currency to

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