• The dollar's post-JOLTs release dip has begun to reverse, most notably against GBP/USD, which has reversed almost the entirety of the data spike higher.
  • Yields, gold and equities, however, are holding course - retaining the bulk of the post-data move higher in Treasuries and equity indices.
  • GBP/USD's inability to hold the rally again refocuses attention on the bear trigger at 1.2548. Weakness through here sees prices at the lowest levels since mid-June.

FOREX: GBP/USD Fails to Hold Post-JOLTs Rally

Last updated at:Aug-29 14:40By: Edward Hardy
  • The dollar's post-JOLTs release dip has begun to reverse, most notably against GBP/USD, which has reversed almost the entirety of the data spike higher.
  • Yields, gold and equities, however, are holding course - retaining the bulk of the post-data move higher in Treasuries and equity indices.
  • GBP/USD's inability to hold the rally again refocuses attention on the bear trigger at 1.2548. Weakness through here sees prices at the lowest levels since mid-June.

MNI Podcasts

Unearthing fresh policy thinking & market intelligence.

Copyright 2024Twitter, Xlinkedin logo