Trading news

GBP/USD sticks to the rangebound theme

FX Street Strategists at UOB Group sees Cable navigating within 1.2400 and 1.2730 in the next weeks.

Key Quotes

“GBP hit a high of 1.2706 yesterday, holding below the top end of the expected 1.2400/1.2730 consolidation range”.

“While the failure to break above the strong 1.2730 level was not unexpected, the sharp plunge from the high came as a surprise”.

“From here, we continue to expect sideway trading within the range mentioned above but the ‘bearish outside day’ yesterday suggests that the downside is more vulnerable (even though 1.2400 is expected to offer solid support)”.

AG Markets Review

Friday, 03 Feb, 2017 / 4:34

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

Source : https://www.ag-markets.com/news/

Trading news

 

2020 Olympics & The Japanese Economy

With the 2020 Olympics kicking off after a year-long delay, just how much of a [...]

Posted on Friday, 23 Jul, 2021 / 1:30 under

Fed, Inflation, And The Housing Bubble

Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced [...]

Posted on Friday, 23 Jul, 2021 / 1:28 under

Stormy week ends with US stocks at record highs

  Nasdaq 100 closes at new record as investors warm up to tech [...]

Posted on Friday, 23 Jul, 2021 / 9:25 under