1. GBP/USD is traded around 1.5580/75
After climbing to session highs around 1.5590, the GBP/USD has now lost some pips, trading around 1.5580/75.
GBP/USD capped around 1.5700/20
Recently pair was feeling bullish sentiments around 1.5700 or 2-month highs, retreating soon
afterwards to the
current area below the key levels at 1.5600. Axel Rudolph, Senior Technical Analyst at Commerzbank, commented,
“Another interim top is now likely to be in place. For this to be confirmed it will have to fall through the mid-August
low at 1.5424.”.
Key quotes:
"The markets are looking forward to the speech of head of the Bank of England at Parliament. There are growing
concerns among investors regarding the positions of Mark Carney on more stable interest rates. "
"According to the Commodity Futures Trading Commission (CFTC), the number of speculative short positions on
GBP declined. However, the movement of the pair to 1.5750/60 remains uncertain and 200-day moving average can
play a role of initial support. "
GBP/USD levels to watch:
At the moment the pair is up 0.07% at 1.5578 and a breakout of 1.5590 (MA10d) would open the door to 1.5638
(high August, 23) and then 1.5650 (high August, 22). On the flip side, the next support lines up at 1.5538 (low
August, 23) followed by 1.5516 (MA200d) and then 1.5504 (low August, 15).
EUR/USD overview by analysts of the World top banks
During today's trades EUR is slightly loosing positions against US Dollar. Trades are executed in the area of lows -
1.3375 / 70, traders are awaiting data from the US. Meanwhile the movement of the EUR/USD will depend on the

2. risk sentiments of traders, however, currently safe trades are dominating at the
market.
According to senior analyst at Commerzbank, negative divergence between the August high - 1.3453 and daily RSI
point out the formation of a peak. "This assumption will be confirmed by the breakdown of 1.3324 (2-month support
line) and 1.3298 (last week low)," - said the expert.
UBS strategists continue to gravitate to the "bullish" outlook for the pair, noting: "After testing the important
resistance level of 1.3417, the period of correction has started. Support levels are 1.3298 and 1.3206 while
resistance is at the levels of 1.3452 and 1.3520 ".
London trading session: GBP/USD broke the level of 1,5600
During today’s trades GBP/USD broke the level of 1,5600 and dropped to 1.5586 low. Thus, market participants
continue to digest the publication of the minutes of the Federal Reserve, the tone of which was a little tougher than
expected.
With absence of news from UK the main focus today will be on US Initial jobless claims statistics. It should be
marked, that last week, the number of claims for unemployment allowance fell to 320,000. This indicates the
improvement of situation on the US labor market.
The British Pound is moving downward

3. During trades GBP/USD retreated from the 200-week moving average and the June highs of 1.5725/55. Now the
pair is demonstrating "bearish" momentum and is moving towards 200-daymoving average.
20-day moving average is located at 1.5442, 50-day average - at 1.5348 and the 200-day moving average - at
1.5520. The RSI (9) indicator is at the level of 70.65.
Support levels: 1.5497, 1.5510, 1.5548, 1.5574. The levels of: 1.5610, 1.5662 1.5696, 1.5723 and 1.5753 may
become resistance levels.
USD/CAD is under the pressure of Bears
During today's trades USD/CAD continued uprising movement, breaking the resistance level
of 1.0440, which was already done in May and July. However, currently in the area of 1,0440 we
can observe the increasing pressure from the side of Bears, whereby we should not expect any
significant achievements of the pair on the way up. The main interest of traders is at the minutes
of the Federal Reserve, which will be published shortly. No other important events for the pair
are scheduled for today.
"Currently US Dollar is modestly moving up, but we adhere to the" bullish" outlook. We think
that in the short term, the support zone will be at the level of 1.0425/45 and before its’
breakthrough, the rate is likely to fluctuate in the current range, "- say the analysts of TD
Securities.

4. USD/CAD: "Bull" momentum
Analysts at TD Securities added: "In general, we adhere to the" bullish "outlook for USD/CAD and believe that the
growth of US Dollar in the last few days had to shore up support level 1.0290/95. Most likely, the low of 1.03 will
limit the loss of the par and small setbacks will open a good opportunity for entry. "
20-day moving average is located at 1.0334, the 50-day moving average –at 1.0377 and the 200-day moving average
– at 1.0160. The RSI (9) indicator is at 59.04.
Support levels (bottom-up) for the pair are 1.0245, 1.0265, 1.0292 and 1.0316. The role of resistance may play the
levels of 1.0445 and 1.0472.