GBP/USD continued scaling higher amid the prevalent selling bias around the USD. Growth concerns, fiscal impasse, declining US bond yields undermined the buck. Extremely overstretched conditions on short-term charts warrant caution for bulls. The GBP/USD pair pulled back a bit during the first half

Commenting on the French Q2 GDP report, Finance Minister Bruno Le Maire said the latest GDP figures were not as bad as some had feared. Additional quotes “We can improve matters, regarding the economy.” “There are positive elements within the French economy.” “We must continue with radical measures

Due to the low volatility in eur/usd market, the EA strategy, which I named Pheonix, suffered a relatively large drawdown. This volatility situation was not common at least in the last 3 years. In the other hand, after this drawdown, I modified my EA strategy to ensure it can still perform well unde

The US GDP fell 32.5% in the second quarter, the highest on record but slightly less than analyst estimates. The US dollar index slid below the 93 mark as the 10-year yield dipped to 52.5%.  The US equities were mostly down, as energy stocks led losses. But tech stocks gained as Amazon, Apple and Fa

The US dollar is in fierce focus as the currency weakens across the G10. The narrative around this trade has been easy to see: low US rates, rising political tension in the US and struggles to form consensus around the next round of much needed fiscal stimulus. Add to this a rollover in the US’s gro

Gold (XAU/USD) extends its steady recovery mode on Friday, as the bulls look to retest the record highs of $1981.34. The persistent weakness in the US dollar remains the main catalyst behind gold’s surge. The bright metal is set to book the best month in over four months while the greenback eyes the