GBPUSD ahead of UK’s Nationwide House Prices [Video]

Kiana Danial, CFP Invest Diva

It’s Wednesday, June 28th. My name is Kiana Danial, CEO of Invest Diva, and here is a rundown of the economic data expected to shake the markets today. During the London session UK’s Nationwide House Prices n.s.a. (YoY) (JUN) will be out, expected to have dropped to 1.9% comparing to last month’s 2.1% reading on a year-on-year basis. Before that, during the Asian session, Japan’s Small Business Confidence (JUN) will be out at 5 AM GMT, followed by the UBS Consumption Indicator (MAY) which could create some volatility in the CHF crosses. Later during the New York session, we have the US Advance Goods Trade Balance (MAY) at 12:30 PM GMT, as well as their Wholesale Inventories (MAY P). Both numbers are expected to have improved from the previous reading. During the next day’s Asian session, Japan’s Retail Trade (YoY) (MAY) will be out at 11:50 PM GMT. Thanks for watching, invest responsibly and I wish you the best of luck making pips by trading forex.

For more from Invest Diva, click here

Author

Kiana Danial, CFP

Invest Diva

Kiana Danial is an award-winning, internationally recognized personal investing and wealth management expert.

EUR/USD trims gains, back below 1.1800

EUR/USD now loses some upside momentum, returning to the area below the 1.1800 support as the Greenback manages to regain some composure following the SCOTUS-led pullback earlier in the session.

GBP/USD off highs, recedes to the sub-1.3500 area

Following earlier highs north of 1.3500 the figure, GBP/USD now faces some renewed downside pressure, revisiting the 1.3490 zone as the US Dollar manages to regain some upside impulse in the latter part of the NA session on Friday.

Gold climbs to weekly tops, approaches $5,100/oz

Gold keeps the bid tone well in place at the end of the week, now hitting fresh weekly highs and retargeting the key $5,100 mark per troy ounce. The move higher in the yellow metal comes in response to ongoing geopolitical tensions in the Middle East and modest losses in the US Dollar.