GBPUSD attempting a key reversal

The US Dollar was bearish against most of its major pairs on Tuesday with the exception of the CAD and EUR. On the US economic data front, Empire Manufacturing jumped to 17.0 on month in September (6.9 expected), from 3.7 in August. Industrial Production advanced 0.4% on month in August (+1.0% expected), compared to a revised +3.5% in July. On Wednesday, the Mortgage Bankers Association’s Mortgage Applications data for the week ending September 11th is expected. Retail Sales Advance for August is anticipated to rise 1.0% on month, compared to +1.2% in July. Finally, the Federal Reserve is expected to keep the Federal … (full story)

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