Forex

GBP/USD: camping out on the 1.22 handle after Trump's presser and US yields dropping Ross J Burland

21:23 11 January /2017 Forex

Currently, GBP/USD is trading at 1.2235, up 0.55% on the day, having posted a daily high at 1.2273 and low at 1.2038.Trump says nothing to support the dollar: DXY dropping and approaches 2017 lowsGBP/USD has settled on the 1.22 handle after a rally from 1.2038 leading into Trump's pre-inauguration presser and a large bid in the 10-year auction that sent yields lower and the dollar pressured back to below the 102 handle in the DXY.At Carney's testimony before the Treasury Select Committee earlier, he noted that the biggest risks to UK's financial stability are coming from the global economy, while the Brexit process has the capacity to amplify them.GBP/USD levelsSpot is presently trading at 1.2236, and next resistance can be seen at 1.2238 (Daily Classic R2), 1.2264 (Hourly 200 SMA), 1.2273 (Daily High), 1.2287 (Daily Classic R3) and 1.2305 (Weekly Classic PP). Support below can be found at 1.2231 (Hourly 100 SMA), 1.2204 (Daily Classic R1), 1.2190 (Yesterday's High), 1.2177 (Weekly Classic S1) and 1.2169 (Daily Open). 

to other news

all news
Market wrap: dollar makes broad gains in London/NY - Westpac Ross J Burland

Analysts at Westpac explained that the US dollar made broad gains in London/NY for a third straight day, up against all G10. Key Quotes:"News and data again weren't key.""AUD was weaker than most, dropping to 0.7600 for the first time since Dec 2017.""Today's calendar highlight is A

01:00 24 April /2018 Forex

Wall Street stocks mixed as higher bond yields weigh on stocks Flavio Tosti

The S&P 500 Index closed virtually unchanged at 2,670. The Dow Jones Industrial Average closed at 24,448 down 14 points less than 0.10% while the Nasdaq Composite Index closed the session down at 7,128 or 0.3% on Monday. Weak smartphone demand weighed on the technology sector. The main theme is

00:23 24 April /2018 Forex

A mixed start to the week: eye son US yields - ANZ Ross J Burland

Analysts at ANZ noted that it was a mixed session while US Treasury yields attempted a push higher, but then eased back again. Key Quotes:"This supported the USD, while equities and commodity prices fluctuated. The US 10-year y

22:46 23 April /2018 Forex