There is no trade call today. The London session is again relatively light and may see low volatility.
WTI is down nearly $1 from yesterday’s highs as the API inventory showed a build.
Cable is down over 200 pips from yesterday’s highs as Brexit concerns continue to weigh on the currency.
Current Sentiment
The Asian session was again light with a lack of data. FX trading has been rangebound.WTI is down nearly $1 from yesterday’s highs as the API inventory showed a build.
Cable is down over 200 pips from yesterday’s highs as Brexit concerns continue to weigh on the currency.
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GBP/USD recovers to 1.2550 despite US Dollar strength
GBP/USD is recovering losses to trade near 1.2550 in the European session on Tuesday. The pair rebounds despite a cautious risk tone and broad US Dollar strength. The focus now stays on the mid-tier US data amid a data-light UK docket.
Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data
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Data fuels China optimism
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