This past week was off to a rocky start with concern of emerging market volatility feeding fear of financial contagion. Yet, with reports of impending talks between the US and China ahead, Turkish ma...Continue Reading
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
For the risk-leaning markets - carry, equities, etc - a late week recovery short-circuited yet another threat of broader reversal. However, the Dollar did not share in the recovery effort. It is trend versus reversal in a market pocked by volatility but lacking liquidity.