Forex Daily News

15th February 2019

GBP/USD rises further to the 1.2900 area, trims weekly losses

Cable extends gains late on Friday, still down for the week. 
China-US talks, Brexit, FOMC minutes and UK jobs numbers to be key drivers next week. 

The US dollar pulled back further during Friday’s American session, pushing GBP/USD to the 1.2900 area. Cable hit a 2-day high at 1.2895 and it was about to end the week hovering around 1.2885, a daily…

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Oil: Prices are undervalued given the current supply uncertainty – Rabobank

"The oil market is setting up for further gains this week after posting another series of higher highs and higher lows," argued Rabobank research team. "Supply-side worries have increased on the margin and geopolitical risk from Venezuela, Iran, Libya and Nigeria is starting to get priced in to the futures curve along with a slowdown in US production growth."

Key quotes

"Looking…

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EUR/USD recovers above 1.13 as greenback loses strength

Mixed data from the U.S. weighs on the greenback.
Trade surplus narrows in the euro area.
EUR/USD looks to finish the second straight week in the red.

The EUR/USD pair slumped to its lowest level since mid-November at 1.1235 earlier in the day as the rising US T-bond yields boosted the demand for the greenback and weighed on the pair. After finding support near…

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