Intra-Day Market Moving News and Views
Update Time: 16 Apr 2019 03:00GMT

GBP/USD - 1.3088.. Cable trades relatively narrowly in directionless Asian morning and inches lower in tandem with intra-day softness in the euro.

Despite Mon's erratic rise from to 1.3119 in New York morning following Brexit headlines, failure to re-test Friday's 1.3133 top triggered profit taking and price edged back to 1.3087, then 1.3079 in Asia.
As cable's rise from 1.2987 to 1.3133 is highlighted by a series of higher highs and high lows, suggesting as long as 1.3068 (Friday's New York low) holds, marginal gain towards 1.3150 is likely before prospect of decline later.
Bids are noted at 1.3075-70 with stops touted below 1.3050.
On the upside, offers are tipped at 1.3120/30 with stops above 1.3150.

Pay attention to release of U.K. jobs data at 08:30GMT where claimant counts, unemployment rate, employment change, average weekly earnings will released.
 

Trendsetter does not warrant or guarantee the accuracy, timeliness or completeness to its service or information contained therein. Trendsetter does not give, whatsoever, warranties, expressed or implied, to the results to be obtained by using its services or information it provided. Users are trading on their own risk and Trendsetter shall not be responsible under any circumstances for the consequences of such activities. Trendsetter and its affiliates, in no event, be liable to users or any third parties for any consequential damages, however arising, including but not limited to damages caused by negligence whether such damages were foreseen or unforeseen.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

USD/JPY extends the drop below 107.50 on upbeat Japan data dump, risk-off

USD/JPY extends the pullback below 107.50, as the yen continues to draw bids from the risk-off market profile amid US-China tensions and upbeat Japanese data dump. Focus shifts to the US data and President Trump's response to the Hong Kong issue. 

USD/JPY News

AUD/USD: Choppy within range below 0.6650 amid US-China risks

AUD/USD remains depressed around 0.6640 so far this Friday. Risk-tone remains heavy as global equities are weighed down by escalating US-China tensions over the Hong Kong security issue, with all eyes now on Trump's presser. 

AUD/USD News

Eurozone Inflation Preview: A sub-zero rate may be insufficient to down the euro

Preliminary eurozone CPI data for May will likely show depressed inflation. Without shocking figures, the EUR/USD has room to rise, in the opinion of FXStreet’s analyst Yohay Elam.Key quotes: “Petrol will likely put pressure on CPI."

Read more

Gold picks up a bid amid losses in the US stock futures

Gold, a traditional safe-haven asset, is drawing bids as the US stock futures are signaling risk aversion. China imposed the controversial national security bill on Hong Kong on Thursday. Markets fear the US would retaliate with sanctions on China.

Gold News

WTI eyes record monthly surge

While West Texas Intermediate (WTI) crude's front-month contract has backed off from the 2.5-month highs reached earlier this week due to deteriorating US-China tensions, it is still on track to post its biggest monthly gain on record. 

Oil News

Forex Majors

Cryptocurrencies

Signatures