GBP/USD overview for June 30 2015

30 June, 2015

General overview

There has not been published anything interesting from the United Kingdom and the United States macroeconomic statistics and therefore we should pay attention to the debt market dynamics. The bond market is in the flat - the 10-year UK government bonds yield slightly fluctuated to their counterparts from the US and Germany.

The pound is unlike the euro opened at the previous week closing price. Then it was a gap but not as strong as in the pair EUR/USD. This trade is above the strong support level of 1.5670, which has been constrained sellers four days.

The price is finding the first support at 1.5670, the next one is 1.5550. The price is finding the first resistance at 1.5775, the next one is 1.5950.

The price is in the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement.

The MACD histogram is in a neutral territory. The price is consolidating.

Trading recommendations

The potential decrease targets are two levels of support: 1.5670, 1.5550.


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Gold prices weakened

The undertone for Gold was clearly positive. However, buyers failed to retake 1260 on Monday. The level rejected the price downwards...

Gold prices retreated from three week high

Buyers attempt to reclaim 1250 dollars per ounce on Wednesday failed. The price just touched the level and immediately...

Gold prices remained in green

Gold prices were neutral staying in a flat on Friday. After the recent rally buyers preferred to consolidate their gains. The 4 hours chart showed that the price was trading around the 100 and 200 EMAs...


Gold received a minor support

The night recovery stalled around 1205 dollars per ounce. After reaching the mentioned mark gold futures...

Gold prices were neutral on Tuesday

Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200...

Oil prices dropped on Thursday

Brent pulled back a bit during the Asian hours and reversed a minor portion of its Wednesday's losses. Buyers were able to return the price to the 53.50 region where the benchmark ran through fresh offers...


Brent remained well offered

Brent remained well offered on Wednesday. Oil prices have been under intense selling pressure since Tuesday. The price was quite yesterday after the recent sell-off. Sellers pushed black gold to 55.50 dollars per barrel and held the benchmark within the level...

Oil prices continued its decline

Brent maintained its gloomy tone on Thursday. After an Asian flat sellers...

Gold weakened after Fed officials hawkish comments

ulls gave up control on Tuesday. Bears took the ball and pushed the precious metal lower. The XAU/USD broke 1250 dollars per ounce during the early hours on Wednesday. The price continued moving...

  


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