GBPUSD Technical Analysis – The US Dollar momentum looks exhausted ...Middle East

Fundamental OverviewThe strong bullish momentum in the US Dollar waned a bit in this final part of the week as we got a pullback in Treasury yields. In fact, the main culprit for the US Dollar strength lately has been the rally in long term Treasury yields. The yield curve has been bear-flattening which is what you would expect with higher growth and potentially higher inflation expectations. There’s a good argument that this rally was a reflection of higher Trump’s winning odds.On the GBP side, we got the UK budget announcement yesterday which led to some choppy price action in the British Pound. It looks like the market took it as less contractionary than expected with the markets scaling

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GBPUSD Technical Analysis – The US Dollar momentum looks exhausted ...Middle East

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