Analytics / Forex News
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 newsall news
02:23 25 March /2017 Forex
Wall Street closed the week in a dramatic fashion as the Republicans pulled their bill to dismantle Obamacare. Although major US equity indices dropped quickly to session lows right after the announcement, losses were limited on President Trump's statements which suggested that the
00:23 25 March /2017 Forex