Pound rallies to the upside even though PMIs print lower than expected

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 3, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    General market theme Divergent price action in the main currency instruments we monitor in our report over the past 24 hours with the Euro and the Cable taking different paths and illustrating different moods. This week has been filled with tier-2 reports and news leading up to the Non-Farm Payrolls report on Friday and the reason we keep mentioning this report is none other than the fact that it will dictate the Dollar’s outlook for the medium term. We know that the US currency has been under

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