Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
GBP/USD still edging towards 1.32
As the European session develops the Dollar has bounced from its lowest levels of the day and that saw the USD/JPY rebound from an earlier low at 139.58, to a high around 140.25 a short while ago. That rebound has served to stall the EUR/USD at 1.1129 after edging slightly above a noted technical resistance level at 1.11.24. What is clear again today; is the USD/JPY continues to mostly dictate the price action on the EUR/USD, but not so much on the GBP/USD. The GBP/USD is still pushing higher and right now closer to the 1.32 handle. That is because the EUR/GBP has been tracking lower this morning and just now it is hitting session lows underneath 0.8430. The GBP/USD just now reached a session high at 1.3198. It is currently trading at 1.3197. As with the EUR/USD there is a minor downward trending resistance level in place today at 1.3215
Market News
All News-
Bitcoin lifts above 84k as it continues to track tech and risk
As the US equity markets push higher again that has now seen the Nasdaq 100 lift above 19,600. Well, no surprise to see that this move has been... -
As expected Gold backs off from new all time high above $3000
As covered here earlier today, spot Gold rose above $3000 per ounce for the first time ever. Subsequent to the update covering that move, the metal... -
Dow Jones drops back after University of Michigan consumer sentiment index falls
The latest reading of the University of Michigan consumer confidence has just been released and it has missed badly on expectations. At the same time...
