Technical Analysis

A snapshot of the forex winners and losers as London/Europeans look to exit

GBP the biggest loser

The GBP is going out weak as London/European traders exit for the day.

Looking at the changes and ranges charts above, the GBPUSD, EURGBP, GBPJPY, GBPCHF are all trading at low level extremes for the pound.   The GBPAUD and GBPNZD are lower, but those pairs are also on the weak side.

The biggest mover is the GBPUSD which is 0.50% lower on the day (as a pair. The USD is stronger by 0.50% vs the GBP). The USD is the strongest currency at the snapshot near the close.  

The USD  is the weakest while the GBP is the strongest

Other instruments near the close are showing:

  • Spot gold little changed at -$0.10 or -0.01% at $1292.19
  • WTI crude oil is up $0.52 or 0.81% at $62.60. There is a report on CNBC just now that White House is proposing an executive order in an attempt to boost pipeline construction and lower energy prices. The high for oil today reached $62.79.  So we are still trading nearer that high level. 

US stocks are higher:

  • S&P index is up 10.82 points or 0.38% at 2890.24
  • NASDAQ index is up 40.30 points or 0.51% at 7932.15
  • Dow industrial average is up 29.8 points or 0.11% 26413

ForexLive

Articles You May Like

CFTC Commitment of Traders: GBP shorts remain the largest speculative position
Gold falls back into the symmetrical triangle on mixed Fed sentiment
TAGALOG FOREX TRADING COURSE – PART 2
The selling in oil has started at the same time all week
Canada: CPI dragged lower by gasoline in June – TDS

Leave a Reply

Your email address will not be published. Required fields are marked *