The GBP/USD like all major currency pairs remains locked within a fairly vicious cycle, which is making day trading a rather tough affair for speculative wagers in the near-term, and things might not change soon.
Technical Analysis
About Robert Petrucci
Robert Petrucci has worked in the Forex, commodity, and financial profession since 1993. Important aspects of his work involve risk analysis and advisory services. As an advisor in a Family Office he maintains a conservative approach for wealth management and investments. Robert also works in private finance with investors and companies delivering financial and management services.
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A price of 98.100 finished the week of trading in WTI Crude Oil on Friday. While that price remains high for all, believe it or not the value is actually below the previous week’s finish.
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The USD/TRY is around the 44.31950 vicinity depending on the bids and asks currently being exhibited on trading platforms, this as the usual wide spread has to be dealt with by speculators within the currency pair.
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The USD/MYR is trading near the 3.9400 level as of this writing, this after the currency pair swept upwards yesterday after a low of nearly 3.9030 was challenged.
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The USD/SGD is around the 1.27675 as of this writing, this as financial institutions are starting to show increasingly more tranquil trading tendencies the past day and a half.
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USD/BRL bearishness closed near the 5.1900 ratio as the Brazilian Real proves it is solid, this while the broad Forex market has seen a stronger USD tendency over the past couple of weeks.
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Higher ground in the S&P 500 has been attained since yesterday’s early lows around the 6,615.00 vicinity, the index is traversing near the 6,694.00 currently in futures trading.
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The Nasdaq 100 is around the 24,586.00 vicinity as of this writing via futures trading, which is slightly down from yesterday’s higher marks of 24,655.00 in what continue to be nervous markets.
Stock Market Today
Higher realms continue to be seen in the USD/MXN as it trades around the 17.86000 ratio, this as nervousness is demonstrated by financial institutions who remain cautious globally.
Technical Analysis
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The USD/ZAR is around the 16.87900 ratio with a wide spread early this morning, this as the currency pair has shown signs of sustaining nervous highs after moving upwards on Thursday and Friday.
Technical Analysis
The EUR/USD has gone into this weekend near the 1.14165 ratio as risk sentiment in the broad financial markets continued to stay sour and create a bearish stampede.
Technical Analysis
WTI Crude Oil closed above 99.000 going into the weekend, this as anxious large players try to gauge their outlooks regarding Iranian war implications and circumstances that are effecting sentiment quickly.
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