Watch the video to get the fresh trading tips for EUR/USD, GBP/USD, USD/JPY, AUD/USD, and gold!
Tag - gbp
Stocks are mostly lower today, with the real action in the markets again happening in the USD. The U.S. currency extended losses at the start of the new month to trade at its lowest since May 2018.
Fed's chair will make the monetary policy statement. Investors will mainly focus on the Fed’s new average inflation targeting regime and economic guidelines.
GBP/USD tested the key resistance level at 1.33191.
GBP/USD comes to challenge the 2-year resistance. Will it cross it?
GBP/USD is now testing the key resistance at 1.32605.
Initial US jobless claims totaled just over 1 million for the week ending Aug. 22 down from 1.104 million in the previous week.
Today we anticipate the speech by the Fed Chair Jerome Powell during the Jackson Hole Symposium.
The risk-on mood in the US equity market continues, however there was a mixed picture in Asian equity markets this morning. All eyes on Powell's speech.
NZD/JPY pair is trading Tenkan Sen and Kijun Sen level. An upward wave would lead the pair into higher ground, confirming the bullish scenario.
The session goes relatively quiet, with the USD going mostly steady - time to re-group. The oil price crossed $43, gold is approaching tactical support levels.
EUR/USD is gyrating the pivot point at 1.18078