GBP/USD Heavy as EUR/GBP Cross Spikes Higher

After reaching its highest levels since February 2nd, cable abruptly sold off in early trading on Tuesday. Looking at the GBP/USD daily chart above we can see that price has formed a bearish engulfing pattern. Lacking any fundamental driver, analysts point to a sharp rally in the EUR/GBP cross.  Additionally, diminishing fears of a trade […]

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Safe Haven Yen Soars Amid Trade War Jitters

USD/JPY Monthly Chart Investors flocked to safe haven assets such as the Japanese Yen and gold after President Trump took steps on Thursday to penalize China with at least $50 billion in tariffs on imported products. The move was made in retaliation against alleged intellectual property infringement. China responded to the news on Friday, announcing […]

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