Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
UK Retail sales expected to bounce back- GBP/USD in the spotlight soon
At 6am GMT the UK will release their latest Retail Sales data covering the month of May. The consensus amongst market analysts, is that sales will have rebounded quite markedly last month. Well, looking at the GBP/USD right now, you might be forgiven for thinking that was not what the Pound was looking for, because it has barely bounced from the lows seen yesterday evening. The GBP/USD fell back to a low at 1.2655 and later closed at 1.2657. It is trying to rebound a little just now, perhaps in anticipation of a decent sales report shortly? We shall see. Technical supports are in place this morning at 1.2640 and 1.2624 (100 and 50 day moving averages respectively) The high seen so far this morning has just been set at 1.2665
Market News
All News-
Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
