GBP/USD is trading below the weekly pivot level at 1.2707.
Tag - usd
Let's find out the trading opportunities for this week.
Check the key events for this week...
Trade ideas for May 27
The moves of the main pairs
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
A lot of political uncertainties are driving the British pound down.
trade ideas for USD/CAD and CAD/CHF
The USD is helped by the demand for it as a safe haven and the lack, while the CAD is pressured by the declining oil prices.
The United States anticipates the release of headline and core durable goods orders on May 24, at 15:30 MT time.
Check the moves of GBP/JPY, EUR/USD and USD/CAD.
USD/ZAR met the resistance of the line connecting September, March and May highs in the 14.50 area.