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GBP/USD touches 1.32 for the first time since March 2022
The slide in the dollar following the comments from Jerome Powell has sent the Pound charging higher and it has reached a high a short while ago, at exactly 1.3200. That is the first time the Pound has traded on that handle since way back in March 2022. The price is just backing away from that now, but the risks of deeper relapse would seem slight just now, because the dollar is not wanted too much following what is now a 100% certainty of a Fed rate cut next month. The GBP/USD is currently trading at 1.3175
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Gold edging lower again- more updates early tomorrow morning
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
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DAX still attracting the flow as it pushes to session highs above 22,425
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
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Another technical look at the S+P 500 with big earnings due this week
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
