Pound Sterling recovers amid rate cut rumblings in the UK and US

FXStreet Team FXStreet

GBP/USD recovers amid rate cut rumblings in the UK and US

The Pound Sterling stages a mild recovery against the US Dollar in the mid-North American session, as the Greenback remains offered amid speculations the Federal Reserve would cut rates in June. At the time of writing, the GBP/USD trades at 1.2639. gains 0.32%. Read More...

GBP/USD gets a pick-me-up after last week’s heavy selling

GBP/USD saw a fillip on Monday, rising by almost four tenths of a percent to the mid 1.2600s on a mixture of better-than-expected UK retail sales data, profit taking after the recent steep sell-off and the US Dollar (USD) being broadly sold following intervention by authorities to prop up their currencies in Asia. Read More...

GBP/USD rebounds on subdued US Dollar, inches higher to near 1.2600

GBP/USD snaps a two-day losing streak, retracing recent losses and trading near 1.2600 during the early European session on Monday. The decline in the US Dollar (USD) appears to be the catalyst underpinning the GBP/USD pair. Read More...

GBP/USD

Overview
Today last price	1.2638
Today Daily Change	0.0036
Today Daily Change %	0.29
Today daily open	1.2602

Trends
Daily SMA20	1.2725
Daily SMA50	1.2682
Daily SMA100	1.2639
Daily SMA200	1.2593

Levels
Previous Daily High	1.2675
Previous Daily Low	1.2575
Previous Weekly High	1.2804
Previous Weekly Low	1.2575
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2614
Daily Fibonacci 61.8%	1.2637
Daily Pivot Point S1	1.256
Daily Pivot Point S2	1.2518
Daily Pivot Point S3	1.246
Daily Pivot Point R1	1.2659
Daily Pivot Point R2	1.2717
Daily Pivot Point R3	1.2759

Author

FXStreet Team

FXStreet

EUR/USD seems fragile below 1.1700 as Middle East war boosts energy prices

The EUR/USD pair trades flat at around 1.1680 during the Asian trading session on Tuesday, but broadly seems vulnerable, being close to its five-week low. The major currency pair is under pressure as surging oil prices due to the United States-Israel war with Iran have increased the risks of higher inflation for the Old Continent.

GBP/USD hovers around 1.3400 with bearish pressure intact

GBP/USD edges higher after three days of losses, trading around 1.3400 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold sticks to gains above $5,350 amid sustained safe-haven demand; firmer USD caps gains

Gold sticks to its positive bias for the third straight day and trades above the $5,350 level heading into the European session on Tuesday. Concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.

Stellar risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

The market is not panicking it is repricing the probability distribution of Oil and time

At the end of the day, markets do not trade morality or geopolitics. They trade transmission channels. And the only channel that truly matters in this maelstrom runs through the price of energy and the time value of money.

Grass 20% bullish breakout defies broader market weakness

Grass (GRASS) is edging up above $0.30 at the time of writing on Monday. The token’s notable 20% intraday surge stands out amid heightened volatility in the broader crypto market.