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Re: Short term forecast ...

EUR/USD: Neutral (since 07 Aug 17, 1.1785): In a 1.1730/1.1885 range. The rapid swing lower after the sharp rise on Monday (that hit a high of 1.1828) came as a surprise. For now, we continue to view the price action as part of a 1.1730/1.1885 consolidation range. However, a clear break below 1.173...

GBP: To Range-Trade Amid Continued Uncertainty

Barclays Capital FX Strategy Research expects GBP to remain range-bound as the political uncertainty from the Brexit negotiations remains elevated. "However, speakers at Jackson Hole will likely introduce risks, in the context of a market reluctant to price a tightening cycle for the US and of possi...

Short term forecast ...

EUR/USD: Neutral (since 07 Aug 17, 1.1785): Bearish if NY closing below 1.1680. The neutral phase that started on 07 Aug (spot at 1.1785) is still intact as EUR traded sideways to slightly lower for the past two weeks within a range of less than 200 pips (between 1.1661 and 1.1846). While we contin...

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