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Forex: GBP/USD challenging Wednesday’s highs, around 1.5670

The sterling is following its European peer on Thursday, hovering over the area around 1.5670 and printing fresh highs at the same time.

More than interesting calendar for the pound, as the BoE will hold its MPC meeting and the UK will publish the trade balance figures and the industrial/manufacturing production. The future BoE governor, M.Carney will give a speech, grabbing traders’ attention as well.

At the moment, the cross is up 0.05% at 1.5670 facing the next hurdle at 1.5748 (MA10d) ahead of 1.5805 (high Feb.5) and then 1.5872 (MA21d).
On the opposite side, a breakdown of 1.5628 (low Feb.5) would expose 1.5578 (low Aug.10) and finally 1.5573 (low Aug.8).

Asian markets down on Thursday

Japan's Nikkei Stock Average (-0.93%), Hong Kong's Hang Seng (-0.34%), China's Shanghai Composite (-0.65%), and South Korea's Kospi (-0.23%) dropped on Thursday, while some Asian equity indexes edges a little higher.
مزید پڑھیں Previous

Forex: USD/JPY with 93.70 limiting the upside

After yesterday's strength, print of a high at 94.06 and following retreatment, the USD/JPY has been unable come back above 93.70. The pair made another attempt recently, being rejected and dropping below 93.60.
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