The GBP/USD pair finds some support near the 100-hour Simple Moving Average (SMA) during the Asian session on Monday, albeit struggles to attract any
A small gap higher opening for the US equity futures holds back traders from placing fresh bullish bets around the safe-haven US Dollar , which, in turn, is seen acting as a tailwind for the GBP/USD pair. The global risk sentiment gets a goodish lift in reaction to the encouraging weekendon China's economy and the funding for the US government.
The US macro data released on Friday, meanwhile, does little to change the view that the Federal Reserve will stick to its hawkish stance and help limit the downside for the USD, capping gains for the GBP/USD pair. The USPrice Index rose in line with consensus estimates, to 3.5% over the past twelve months through August from the the previous month's upwardly revised reading of 3.4%. that said, the annual Core PCE Price Index – the Fed's preferred gauge of inflation – eased from the 4.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.The Australian Dollar holds ground to continue the winning streak on the third successive day on Monday. The AUD/USD receives upward support, primarily supported by the Chinese upbeat PMI data released on the weekend. The pair extends gains, trading around 0.6430 during early Asian trading hours on Monday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dodgers beat Giants to move to verge of another 100-win seasonFreddie Freeman hits his 59th double and 29th home run of the season, but Miguel Rojas leaves with a hand contusion in the Dodgers' win over the Giants.
Read more »
Dow futures jump more than 100 points after lawmakers avert government shutdown: Live updatesLegislators passed an 11th-hour deal to keep the government funded.
Read more »
Dodgers beat Giants, end fourth consecutive full season with 100 winsThe Dodgers were held hitless for five innings before scoring five runs in the sixth. They are the first team in MLB history with 100 wins in four consecutive full seasons.
Read more »
One of America’s reddest states wants 100% green energy — if dams count as greenThere are no fossil fuels being burned, no coal or oil or natural gas heating the planet and filling the air with pollution. But are they really clean? Across the West, dams have reshaped ecosystems for the worse, raising water temperatures and driving fish species toward extinction. The debate over their future has scrambled traditional political alliances.
Read more »