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Lack of any progress news on Brexit negotiation affects GBP/USD


EUR/USD around similar level with yesterday and overnight in slow move and EUR cross remain direct the move in short-term, today Draghi speech and US housing data, Beige Book as well as Fed’s Dudley and Kaplan speech and stock/bond market move will dominate the intraday action, support at 1.1735 and resistance at 1.1800; today prefer in range trading with tight stop strategy.

USD/JPY higher slightly in the Asian session on Nikkei rise and YEN cross demand effect, today US data and stock/bond market, as well as Fed’s Kaplan and Dudley speech, will direct the intraday action, support at 112.00 and resistance at 112.50 and 112.80; today prefer keeping range trading with tight stop strategy.

GBP/USD stay weakening gradually on lack of any progress news on Brexit negotiation despite Theresa May meeting with Juncker overnight and still some worry of hard Brexit driven the GBP lower gradually, also Carney speech lack of hawkish tone also add some pressure for GBP, today UK job data and US housing data, Beige Book as well as Fed’s Kaplan and Dudley speech will dominate the intraday action, support at 1.3110 and resistance at 1.3210; today prefer in range trading with tight stop strategy.

USD/CHF around similar level with yesterday and most correlation move link with EUR and broad USD strength still support the pair on lower side, today US data and Fed’s Kaplan, Dudley speech, as well as stock/bond market move, will direct the intraday action, support at 0.9740 and resistance at 0.9830; still prefer in range trading with tight stop strategy.

EUR/JPY grid higher slightly on higher USDJPY and stable EUR effect, with higher DJI and Nikkei will still support the risk sentiment as well as YEN cross despite still in slow and sluggish move, today US data and stock/bond market will have some intraday impact, support at 131.80 and resistance at 132.50 and 132.80; current level still prefer in range trading with tight stop strategy.

EUR/GBP higher on GBP weakness effect and worry for Brexit negotiation still support the cross on the lower side, today UK job data and Draghi speech will have some intraday impact, support at 0.8900-10 and resistance at 0.8950-60; today prefer in range trading with tight stop strategy.

GOLD lower on broad USD strength and higher US stock and rising UST yield will still add some pressure for GOLD as well as market pricing for US Dec rate hike and await new Fed governor nomination but overall geopolitical tension still exist and physical demand remain consistency to support the GOLD on lower side, today US housing data, beige book, Fed’s Kaplan and Dudley speech, as well as stock/bond market move, will direct the intraday action, support at 1280 and resistance at 1290 and 1295; today prefer keeping buy on dips with tight stop strategy.

SILVER lower slightly on the same direction of GOLD and higher USD will still add some pressure for silver in short-term, today US data and stock/bond market move will direct the intraday action, support at 16.90 and resistance at 17.45; still, prefer buy on dips with tight stop strategy.


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