GBP/USD is trading around 1.2950, extending its gains. The Conservatives have been extending their gains in polls. PM Johnson and opposition leader Corbyn will address a business conference today. The Relative Strength Index on the four-hour chart is well above 70 – indicating overbought conditions. Will GBP/USD fall? Other indicators are positive – momentum is to the upside and sterling trades above the 50, 100, 200 Simple Moving Averages. Overall, a downside correction may be expected, but GBP/USD still has room to extend its gains afterward. Resistance awaits at 1.2980, which was the high point at the end of October. It is followed by 1.3013, the peak of October and the highest in six months. Further above, 1.3045, 1.3080, and 1.3175 – all dating back to the spring – are eyed.Some support awaits at 1.2950, which capped the pound in early November. It is followed by 1.2900, a swing high from last week, and then by 1.2820 and 1.2760.
12 Dec 2019 05:30 PM
The Indian rupee was little changed against the dollar, as a likely intervention by the central bank offset corporate and equity inflows. The rupee settled at 70.83 to the dollar in Mumbai, against its previous close of 70.84. The unit traded in a 70
12 Dec 2019 04:00 PM
Indian shares ended higher on Thursday as the government's move to ease rules for shadow banks lifted investor sentiment, with banking, metals and finance stocks leading the gains. The NSE Nifty 50 index ended 0.52% higher at 11,971.80 and the S&P BS
12 Dec 2019 03:11 PM
Fresh polls indicating a Conservative Party majority is uncertain came in yesterday, leading to fresh Sterling (GBP) jitters and knocking the Pound to Euro (GBP/EUR) exchange rate further away from its best levels.
12 Dec 2019 12:34 PM
“Having appreciated since August, the past month or so has seen USD/JPY flatten out, with moves mirroring price action in the US 10 year bond. From JPY108.5 currently, we foresee the cross falling to a low of JPY105 in the second half of 2020 after t
12 Dec 2019 11:27 AM
Net foreign inflows into China's giant bond market jumped nearly five-fold in November from a month earlier, as yield-hungry global investors snapped up nearly $10 billion worth of Chinese debt as the yuan stabilized against the dollar. China's $13 t
12 Dec 2019 10:48 AM
The Indian rupee was trading higher against the U.S. currency in early session, amid a broad decline in the dollar after the Federal Reserve Chair Jerome Powell tied interest rate hikes to inflation. The rupee was at 70.69 to the dollar at 10:05 a.m.