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GBP/USD higher on worse than expected ISM

FXstreet.com (London) - GBP/USD has risen to meet the 1.5290 level on a continuation fo the bull run on weaker than expected US ISM number 49 vrs 50.7 previous and lower against a market consensus of 50.5 as well.

This morning, the pound was steady and bid after the release of PMI 51.3 vrs 50.2 previous as well. However, this was widely expected, so there were not any breakouts in the pair. Key focus for the week comes in NFP numbers and of course the BoE coming up on Thursday. The pair are now well placed and bid above linear regression indicators. The overall broader range offers 1.5480 as key resistance with the bear trend still in play below 1.5610. Support is seen 1.5200 as a psychological level.

USD/JPY breaks down the 100.00 key level

Following the worst than expected ISM manufacturing index, the USD/JPY has fallen further to break down the 100.00 key level for first time since May 9th. Currently the USD/JPY is trading at 99.80.
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EUR/USD soars as ISM manufacturing data disappoints

The euro rose over 60 pips in a matter of minutes, reversing recent losses versus the greenback after data showed US manufacturing sector contracted in May, while construction spending grew less than expected in April.
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