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15 Aug 2013
Session Recap: The GBP advances in a sideway market
FXstreet.com (San Francisco) - Another quiet summer day in the Forex market as volume remained low in Wednesday and investors were cautious on Fed uncertainty. The USD is waiting for a factual answer about the Fed's QE timing question but the central bank isn't able to provide it. They need more time.
But the Sterling performed another story on the day as the pound was the session winner after strong employment data that put the GBP/USD above the 1.5500 area, the GBP/JPY at August highs at 152.55 and the EUR/GBP around 0.8550.
On majors, EUR/USD moved sideways around 1.3250 and the USD/JPY consolidated Tuesday highs above 98.00. On minor dollars, the USD/CAD wasn't able to hold above 1.0350 and fell to 1.0320 and the AUD/USD keep the cross above the 0.9100 area.
Main headlines in the American session:
US: PPI came in flat MoM in July
Fed tapering probability 80% in September says Pimco’s Bill Gross
Gold rallies through resistance, 1345.00 eyed?
Something to keep in mind for tomorrow
Fed’s Bullard suggests wait-and-see approach for tapering
Wall Street declines on Fed's no 'yes-no answer'
But the Sterling performed another story on the day as the pound was the session winner after strong employment data that put the GBP/USD above the 1.5500 area, the GBP/JPY at August highs at 152.55 and the EUR/GBP around 0.8550.
On majors, EUR/USD moved sideways around 1.3250 and the USD/JPY consolidated Tuesday highs above 98.00. On minor dollars, the USD/CAD wasn't able to hold above 1.0350 and fell to 1.0320 and the AUD/USD keep the cross above the 0.9100 area.
Main headlines in the American session:
US: PPI came in flat MoM in July
Fed tapering probability 80% in September says Pimco’s Bill Gross
Gold rallies through resistance, 1345.00 eyed?
Something to keep in mind for tomorrow
Fed’s Bullard suggests wait-and-see approach for tapering
Wall Street declines on Fed's no 'yes-no answer'