News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • US Treasury Sec. Yellen: - The Fed's IOER adjustment was purely technical - According to the Fed, the stance of monetary policy has not changed
  • US Treasury Sec. Yellen: - Inflation estimates for next year are consistent, hovering around 2%
  • US Treasury Sec. Yellen: - The majority of inflation expectation indicators are still stable - Inflation will return to normal levels after this year
  • US Treasury Sec. Yellen: - I believe current inflation patterns are temporary due to supply chain bottlenecks - It will be a bumpy road to reopening, but the economy is on a good track
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: 0.05% Oil - US Crude: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/aUkdKtKoMw
  • US Treasury Sec. Yellen: Raising the corporate tax rate would land the US in the middle of its peers
  • US Senator Schumer: - We are moving forward on multiple infrastructure proposals - I will meet with White House officials later along with Speaker of the House Nancy Pelosi
  • US Treasury Sec. Yellen: I hope to get approval from G20 for a worldwide tax reform plan
  • June Manufacturing PMI surges and climbs to a record high of 62.6 from 62.1 in May. Get your market update from @DColmanFX here:https://t.co/MkLyc2tlFy https://t.co/nJApnsSQPh
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.27%, while traders in GBP/JPY are at opposite extremes with 74.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/NrBgCtVZvN
GBP/USD Technical Analysis: Sellers Probe Support Near 1.48

GBP/USD Technical Analysis: Sellers Probe Support Near 1.48

Ilya Spivak, Head Strategist, APAC

GBP/USD Technical Analysis – Prices took out support at a rising trend line set from mid-March and accelerated lower, with sellers now challenging the 61.8% Fibonacci expansion at 1.4817. A break beneath that aims for the 76.4% level at 1.4596. Near-term resistance is at 1.4995, the 50% Fib, with a turn above that opening the door for a retest of the trend line (now at 1.5139).

dailyclassics_gbp-usd_body_Picture_7.png, GBP/USD Technical Analysis: Sellers Probe Support Near 1.48

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES