Pound Sterling Price News and Forecast: GBP/USD takes offers to refresh multi-day low

FXStreet Team FXStreet

GBP/USD Price Analysis: Renews six-week low with eyes on 1.1920 support and UK Retail Sales

GBP/USD stands on slippery grounds as it refreshes the 1.5-month low near 1.1950 during early Friday. In doing so, the Cable pair extends the previous day’s downside break of a six-week-old ascending trend line during the three-day losing streak.

Not only the break of a multi-day-old ascending trend line but the bearish MACD signals also favor the GBP/USD sellers. Read more...

Trading the market structure on GBP/USD [Video]

In this forex trading video we cover the entry,exit reasons and management for our forex trade today on the GBP/USD & how you can trade the forex structure on Daily , 4 , 1 Hourly charts. In the last few videos we covered the steps to find and trade structure. In this video you will learn how we traded the GBP/USD structure today using the trading charts and price action. Read more...

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FXStreet Team

FXStreet

EUR/USD weakens below 1.1700 as Middle East tensions drive US Dollar strength

The EUR/USD pair trades with mild losses around 1.1685, the lowest since late January, during the early Asian session on Tuesday. The US Dollar gathers strength against the Euro as escalating tensions in the Middle East boost safe-haven currencies. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone will be published later on Tuesday.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold clings to gains as US-Iran conflict continues to underpin safe-haven assets

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar could keep the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.