Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD dips below 1.23
The relapse in the GBP/USD has now extended a bit more and that is all due to the rebound still unfolding in the dollar, as noted when looking at the EUR/USD in the previous update. So, the GBP/USD has just now fallen to a fresh session low too. The pound has dipped below 1.23 now and therefore it is close to the previously noted support level, now at 1.2293. Earlier this morning it was in place at 1.2294. This is the 50 day moving average. The low seen so far has been set at 1.2296. Of course it remains to be seen if this price point will cap further downside and as usual there is always the prospect of stops set in place just below it. The GBP/USD is currently trading at 1.2297
Market News
All News-
USD/JPY slips after Fed leaves interest rates unchanged
The US Federal Reserve voting committee, the FOMC have just announced the outcome of their monetary policy decision. As expected, the Fed have left...
-
DAX also cadges a ride on Trump comments
The DAX has been under the hammer for most of the afternoon today, but the news reported in the previous update from the US President has also helped... -
US stocks hit session highs on Trump Russia/Ukraine comments-check out the S+P 500 now
The US president has just sent out some comments on his Truth Social platform. Those comments regard his hour long talk with the Ukrainian President...
