GBPUSD bearish crossover

The US Dollar was bearish against all of its major pairs on Monday. On the US economic data front, no major economic data was released. On Tuesday, Wholesale Inventories for the August preliminary reading are expected to decline 0.1% on month, compared to -0.3% in the July final reading. Finally, the Conference Board’s Consumer Confidence Index for September is expected to spike to 90.0 on month, from 84.8 in August. The Euro was bullish against most of its major pairs with the exception of the AUD, CHF and GBP. In Europe, no major stats were released. The Australian dollar was bullish against most of its major pairs … (full story)

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