GavaldaFX Forex Blog

The GBP related pairs could be hectic in 10 minutes because BoE governor Mervyn King is going to testify before the Parliament’s Treasury Committee, in London at 08:45 GMT. If his speech is considered hawkish then we could see a rise of GBP which could give a boost to eur/usd also. Let’s see.

I’m getting tired of this ugly market. What we have experienced since 24th June is one of the toughest periods I can remember and I have traded for a while now… Anyways, EUR/USD stuck in a channel, waiting the break of either the 1.5950 or the 1.5915 level. GBP/USD the same with 2.0035 and a rising support line currently at 2.0015. USDCHF, GBPJPY, GBPCHF completely flat. We should get back to bed and dream about better days, guys.