Trading news

GBP/USD extends the drop

The selling pressure around the Sterling is now picking up pace, prompting GBP/USD to retreat to daily lows in the proximity of 1.2280.

GBP/USD is weaker, post-UK data, eyes are on Trump. The pair shed nearly a cent from overnight tops in the proximity of 1.2370 to the current area of 1.2280, following a pick up in the demand for the US dollar and poor results from UK Retail Sales during December.

As of writing the pair is retreating 0.49% at 1.2284 and a break below 1.2250 (low Jan.18) would aim for 1.2014 (low Jan.17) and finally 1.1979 (low Jan.16). On the other hand, the immediate hurdle lines up at 1.2372 (high Jan.20) followed by 1.2415 (high Jan.17) and then 1.2437 (high Jan.6).

AG Markets Review

Friday, 20 Jan, 2017 / 12:46

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


WTI Crude Oil Losing The 45.00 Handle

Oil prices are trading weaker on Tuesday. The declines come despite the US [...]

Posted on Wednesday, 02 Dec, 2020 / 12:56 under

GBPUSD Attempts To Break The Trend Line

The British pound sterling is posting strong gains on the back of a weaker [...]

Posted on Wednesday, 02 Dec, 2020 / 12:55 under

US Senators Make Stimulus Progress

No End in Sight for Dollar Freefall The US index fell 0.78% lower on Tuesday [...]

Posted on Wednesday, 02 Dec, 2020 / 12:54 under